Key facts
- This page summarizes Chamath Palihapitiya's Form 4 filing for SoFi Technologies, Inc. (SOFI).
- 3 reported transactions and 1 derivative row are listed below.
- Accepted by SEC: 02 Jun 2021, 16:51.
Chamath Palihapitiya - 28 May 2021 Form 4 Insider Report for SoFi Technologies, Inc. (SOFI)
- Reporting relationship
- FORMER CEO AND DIRECTOR
- Issuer ticker
- SOFI
- Reported as of
- 28 May 2021
- Net transaction value
- +$131,000,000
- SEC form
- 4
- Accepted by SEC
- 02 Jun 2021, 16:51:42 UTC
- Prior SEC filing
- 20 Sep 2021
- Next SEC filing
- 24 Nov 2021
- Source filing
- View source filing
- Reporting owner signature
- /s/ Chamath Palihapitiya
Source evidence
Original filing metadata and source links for verification.
5 source fields
Reporting owner
1 detail
Key filing fact
Chamath Palihapitiya filed Form 4 for SoFi Technologies, Inc. (SOFI) on 02 Jun 2021.
Change
- Previous filing in this sequence was filed on 20 Sep 2021.
- 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
- $131,000,000
- Shares
- +13,100,000
- Change %
- Price
- $10.00
- Shares after
- 13,100,000
- Date
- 28 May 2021
- Ownership
- By ChaChaCha SPAC 5, LLC
- 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
Chamath Palihapitiya 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 ChaChaCha SPAC 5, LLC ("ChaChaCha"), 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 ChaChaCha. The reporting person disclaims beneficial ownership of the Shares held by ChaChaCha, 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. 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.