Ian Osborne - 28 May 2021 Form 4 Insider Report for SoFi Technologies, Inc. (SOFI)

Role
FORMER PRESIDENT AND DIRECTOR
Signature
/s/ Ian Osborne
Issuer symbol
SOFI
Transactions as of
28 May 2021
Transactions value $
$131,000,000
Form type
4
Filing time
02 Jun 2021, 16:51:18 UTC
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 $120,000,000 +12,000,000 $10.00 12,000,000 28 May 2021 Hedosophia Public Investments Limited F1
transaction SOFI Common Stock Award $7,200,000 +720,000 $10.00 720,000 28 May 2021 Hedosophia Group Limited F1
transaction SOFI Common Stock Award $3,800,000 +380,000 $10.00 380,000 28 May 2021 Longsutton Limited F1
transaction SOFI Common Stock Options Exercise +19,925,000 19,925,000 28 May 2021 SCH Sponsor V LLC F2, F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction SOFI Class B Common Stock Options Exercise $0 -19,925,000 -100% $0.000000* 0 28 May 2021 Common Stock 19,925,000 SCH Sponsor V LLC F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Ian Osborne is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
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.
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.
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.