Key facts
- This page summarizes Ian Osborne's Form 4 filing for SoFi Technologies, Inc. (SOFI).
- 5 reported transactions and 1 derivative row are listed below.
- Accepted by SEC: 02 Jun 2021, 16:51.
Ian Osborne - 28 May 2021 Form 4 Insider Report for SoFi Technologies, Inc. (SOFI)
- Reporting relationship
- FORMER PRESIDENT AND DIRECTOR
- Issuer ticker
- SOFI
- Reported as of
- 28 May 2021
- Net transaction value
- +$131,000,000
- Reporting owner signature
- /s/ Ian Osborne
Source evidence
Original filing metadata and source links for verification.
3 source fields
Reporting owner
1 detail
Key filing fact
Ian Osborne filed Form 4 for SoFi Technologies, Inc. (SOFI) on 02 Jun 2021.
Change
- No earlier filing in this sequence is available for direct comparison.
- Current net transaction value: +$131,000,000.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
SOFI
transaction
Common Stock
Award
- Transaction value
- $120,000,000
- Shares
- +12,000,000
- Change %
- Price
- $10.00
- Shares after
- 12,000,000
- Date
- 28 May 2021
- Ownership
- Hedosophia Public Investments Limited
- Footnotes
- F1
SOFI
transaction
Common Stock
Award
- Transaction value
- $7,200,000
- Shares
- +720,000
- Change %
- Price
- $10.00
- Shares after
- 720,000
- Date
- 28 May 2021
- Ownership
- Hedosophia Group Limited
- Footnotes
- F1
SOFI
transaction
Common Stock
Award
- Transaction value
- $3,800,000
- Shares
- +380,000
- Change %
- Price
- $10.00
- Shares after
- 380,000
- Date
- 28 May 2021
- Ownership
- Longsutton Limited
- Footnotes
- F1
SOFI
transaction
Common Stock
Options Exercise
- Transaction value
- Shares
- +19,925,000
- Change %
- Price
- Shares after
- 19,925,000
- Date
- 28 May 2021
- Ownership
- SCH Sponsor V LLC
- Footnotes
- F2, F3
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
SOFI
transaction
Derivative
Class B Common Stock
Options Exercise
- Transaction value
- $0
- Shares
- -19,925,000
- Change %
- -100%
- Price
- $0.000000*
- Shares after
- 0
- Date
- 28 May 2021
- Ownership
- SCH Sponsor V LLC
- Underlying class
- Common Stock
- Underlying amount
- 19,925,000
- Exercise price
- Footnotes
- F2, F3
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Section 16 status
Ian Osborne is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.
Explanation of responses 3 footnotes
Footnote F1
On the basis of the reporting person's relationship with each of Hedosophia Public Investments Limited, Hedosophia Group Limited and Longsutton Limited (collectively, "Hedosophia Entities"), the reporting person may be deemed a beneficial owner of the shares of the Issuer's common stock, par value $0.0001 per share ("Shares") held by each Hedosophia Entity. The reporting person disclaims beneficial ownership of the Shares held by Hedosophia Entities, except to the extent of his pecuniary interest therein.
Footnote F2
On May 28, 2021, the Social Capital Hedosophia Holdings Corp. V (the former name of the Issuer) consummated its initial business combination (the "Business Combination") with Social Finance, Inc.In connection with the consummation of the Business Combination, each share of Class B common stock automatically converted into one Share.
Footnote F3
A majority of the voting interests of SCH Sponsor V LLC ("Sponsor") are held by ChaChaCha SPAC 5, LLC ("ChaChaCha"). Messrs. Chamath Palihapitiya and Ian Osborne and ChaChaCha may be deemed to beneficially own the Shares held by the Sponsor on the basis of their direct or indirect interests in the Sponsor or their shared control over the Sponsor, as the case may be. Each of Mr. Palihapitiya, Mr. Osborne and ChaChaCha disclaims beneficial ownership of the Shares held by the Sponsor, except to the extent of such person's pecuniary interest therein.