SLTA IV (GP), L.L.C. - 18 Nov 2021 Form 4 Insider Report for SoFi Technologies, Inc. (SOFI)

Role
Director
Signature
By: /s/ Andrew J. Schader; Managing Director and General Counsel of Silver Lake Group, L.L.C., managing member of SLTA IV (GP), L.L.C.
Issuer symbol
SOFI
Transactions as of
18 Nov 2021
Net transactions value
-$159,005,765
Form type
4
Filing time
22 Nov 2021, 16:00:27 UTC
Previous filing
19 Nov 2021
Next filing
23 Nov 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SOFI Common Stock Sale $156,398,105 -7,240,653 -19% $21.60 30,643,242 18 Nov 2021 Held through Silver Lake Partners IV, L.P. F1, F3
transaction SOFI Common Stock Sale $2,607,660 -120,725 -19% $21.60 510,923 18 Nov 2021 Held through Silver Lake Technology Investors IV (Delaware II), L.P. F2, F3
holding SOFI Common Stock 15,714 18 Nov 2021 See footnote F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These securities are directly owned by Silver Lake Partners IV, L.P. ("SLP IV").
F2 These securities are directly owned by Silver Lake Technology Investors IV (Delaware II), L.P. ("SLTI IV").
F3 Silver Lake Technology Associates IV, L.P. ("SLTA IV") is the general partner of SLP IV and SLTI IV. The general partner of SLTA IV is SLTA IV (GP), L.L.C. ("SLTA IV GP"), the managing member of which is Silver Lake Group, L.L.C. ("SLG"). Michael Bingle is a director of the Issuer and Vice Chairman of SLG. Each of SLP IV, SLTI IV, SLTA IV, SLTA IV GP and SLG may be deemed to be a director by deputization of the Issuer.
F4 Represents restricted stock units held by Michael J. Bingle, a director of the Issuer and an executive of SLG, as part of the Issuer's non-employee director compensation policy, for the benefit of one or more of the Reporting Persons and/or certain of their affiliates or certain of the funds they manage ("Silver Lake"). Pursuant to Silver Lake's policies with respect to director compensation, upon the sale of these securities, the proceeds from each sale will be expected to be remitted to Silver Lake and/or its limited partners.

Remarks:

The Reporting Persons are jointly filing this Form 4 pursuant to Rule 16a-3(j) under the Exchange Act. This filing shall not be deemed an admission that the Reporting Persons are beneficial owners of all securities covered by this filing for purposes of Section 16 of the Exchange Act or otherwise, or are subject to Section 16 of the Exchange Act, and each Reporting Person disclaims beneficial ownership of these securities, except to the extent of such Reporting Person's pecuniary interest therein, if any.