Anthony Noto - 15 Mar 2022 Form 4 Insider Report for SoFi Technologies, Inc. (SOFI)

Role
Chief Executive Officer, Director
Signature
/s/ Deanna Smith, Attorney-in-Fact
Issuer symbol
SOFI
Transactions as of
15 Mar 2022
Transactions value $
-$115,882
Form type
4
Filing time
17 Mar 2022, 17:30:44 UTC
Previous filing
14 Mar 2022
Next filing
16 Mar 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SOFI Common Stock Options Exercise +94,854 +3.2% 3,077,024 15 Mar 2022 Direct F1
transaction SOFI Common Stock Tax liability -$418,890 -48,993 -1.6% $8.55 3,028,031 15 Mar 2022 Direct F2
transaction SOFI Common Stock Purchase $303,008 +34,000 +1.1% $8.91 3,062,031 17 Mar 2022 Direct 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 Restricted Stock Unit Options Exercise $0 -94,854 -1.4% $0 6,463,698 15 Mar 2022 Common Stock 94,854 Direct F2, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted stock units ("RSUs") convert into common stock on a one-for-one basis.
F2 Shares withheld to satisfy tax withholding obligation applicable to the vesting of stock-settled RSUs. These shares were not issued to or sold by the Reporting Person.
F3 The reported transactions were executed in multiple trades. The purchase price of $8.9120 reported in Column 4 is the weighted average purchase price for the 34,000 shares acquired by the Reporting Person within a range of $8.895 to $8.920 per share. The Reporting Person hereby undertakes to provide to the Staff of the SEC, the Issuer or any security holder of the Issuer, upon request, full information regarding the number of shares acquired at each separate price within the price range noted above.
F4 Represents the settlement of a portion of the RSUs granted to the Reporting Person as disclosed on the Reporting Person's Form 4 filed on June 2, 2021.