SLTA IV (GP), L.L.C. - 15 Aug 2022 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.
Issuer symbol
SOFI
Transactions as of
15 Aug 2022
Net transactions value
$0
Form type
4
Filing time
17 Aug 2022, 20:07:04 UTC
Previous filing
31 May 2022
Next filing
26 May 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SOFI Common Stock Award $0 +35,974 +229% $0.000000 51,688 15 Aug 2022 See footnotes F1, F2
holding SOFI Common Stock 30,643,242 15 Aug 2022 Held through Silver Lake Partners IV, L.P. F3, F5
holding SOFI Common Stock 510,923 15 Aug 2022 Held through Silver Lake Technology Investors IV (Delaware II), L.P. F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects a grant of restricted stock units to Michael J. Bingle, a director of Sofi Technologies, Inc. (the "Issuer") and Vice Chairman of Silver Lake Group, L.L.C. ("SLG"), which will vest at the earlier of (i) the next annual shareholder meeting of the Issuer after July 14, 2022 (the "Vesting Commencement Date") or (ii) the 12 month anniversary of the Vesting Commencement Date.
F2 Represents shares of common stock and restricted stock units held by Michael J. Bingle, a director of the Issuer and Vice Chairman 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.
F3 These securities are directly owned by Silver Lake Partners IV, L.P. ("SLP IV").
F4 These securities are directly owned by Silver Lake Technology Investors IV (Delaware II), L.P. ("SLTI IV").
F5 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 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.

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.