Chad M. Borton - 14 Aug 2023 Form 4 Insider Report for SoFi Technologies, Inc. (SOFI)

Role
President - SoFi Bank
Signature
/s/ Deanna M. Smith, Attorney-in-Fact
Issuer symbol
SOFI
Transactions as of
14 Aug 2023
Transactions value $
-$174,431
Form type
4
Filing time
16 Aug 2023, 21:12:25 UTC
Previous filing
16 Jun 2023
Next filing
18 Sep 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 Options Exercise +51.2K +22.33% 281K 14 Aug 2023 Direct F1
transaction SOFI Common Stock Tax liability -$174K -20.6K -7.33% $8.48 260K 15 Aug 2023 Direct F2

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 -51.2K -3.48% $0.00 1.42M 14 Aug 2023 Common Stock 51.2K Direct F2, F3
* 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 sold to satisfy tax withholding obligation applicable to the vesting of stock-settled RSUs. These shares were not issued to the Reporting Person.
F3 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 September 21, 2022.