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

Role: Director
Signature: /s/ Deanna Smith, Attorney-in Fact
Issuer symbol: SOFI
Transactions as of: 28 May 2021
Transactions value $: $0
Form type: 4
Filing time: 02 Jun 2021, 21:22:27 UTC
Next filing: 17 Aug 2022
SEC: View on sec.gov

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	Stock Options (right to buy)	Award		+304,503			304,503	28 May 2021	Common Stock	304,503	$6.44	Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The option vested as to 25% of the total number of shares on October 1, 2020, and thereafter vested and shall continue to vest as to 1/48th of the total number of shares in equal monthly installments, subject to the reporting person's continued service with the Issuer through the applicable vesting date. The applicable portion of the option becomes exercisable immediately upon vesting.
F2	Received in connection with the Issuer's business combination with Social Finance, Inc. ("Legacy SoFi") in accordance with the terms of the Agreement and Plan of Merger, dated as of January 7, 2021, as amended on March 16, 2021, by and among the Issuer (f/k/a Social Capital Hedosophia Holdings Corp. V), Plutus Merger Sub Inc. and Legacy SoFi, in exchange for options to acquire 174,721 shares of common stock of Legacy SoFi for $11.21 per share.

Content

The option vested as to 25% of the total number of shares on October 1, 2020, and thereafter vested and shall continue to vest as to 1/48th of the total number of shares in equal monthly installments, subject to the reporting person's continued service with the Issuer through the applicable vesting date. The applicable portion of the option becomes exercisable immediately upon vesting.

Received in connection with the Issuer's business combination with Social Finance, Inc. ("Legacy SoFi") in accordance with the terms of the Agreement and Plan of Merger, dated as of January 7, 2021, as amended on March 16, 2021, by and among the Issuer (f/k/a Social Capital Hedosophia Holdings Corp. V), Plutus Merger Sub Inc. and Legacy SoFi, in exchange for options to acquire 174,721 shares of common stock of Legacy SoFi for $11.21 per share.