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

Role
President - SoFi Bank
Signature
/s/ Deanna Smith, Attorney-in-Fact
Issuer symbol
SOFI
Transactions as of
14 Jun 2023
Transactions value $
-$1,088,138
Form type
4
Filing time
16 Jun 2023, 18:13:33 UTC
Previous filing
17 May 2023
Next filing
16 Aug 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 +80.7K +29.64% 353K 14 Jun 2023 Direct F1
transaction SOFI Common Stock Tax liability -$303K -33.3K -9.42% $9.12 320K 15 Jun 2023 Direct F2
transaction SOFI Common Stock Sale -$785K -90.5K -28.28% $8.68 229K 16 Jun 2023 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 -80.7K -5.19% $0.00 1.47M 14 Jun 2023 Common Stock 80.7K 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 sold to satisfy tax withholding obligation applicable to the vesting of stock-settled RSUs. These shares were not issued to the Reporting Person.
F3 The reported transactions were executed in multiple trades. The sale price of $8.6779 reported in Column 4 is the weighted average sale price for the 90,458 shares disposed of by the Reporting Person within a range of $8.66 to $8.70 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 disposed of 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 Forms 4 filed on February 7, 2021 and September 21, 2022.