Osborne Ian 4
4 · SoFi Technologies, Inc. · Filed Jun 2, 2021
Insider Transaction Report
Form 4
Osborne Ian
DirectorPresident10% Owner
Transactions
- Award
Common Stock
2021-05-28$10.00/sh+12,000,000$120,000,000→ 12,000,000 total(indirect: Hedosophia Public Investments Limited) - Award
Common Stock
2021-05-28$10.00/sh+380,000$3,800,000→ 380,000 total(indirect: Longsutton Limited) - Exercise/Conversion
Class B Common Stock
2021-05-28−19,925,000→ 0 total(indirect: By LLC)→ Common Stock (19,925,000 underlying) - Award
Common Stock
2021-05-28$10.00/sh+720,000$7,200,000→ 720,000 total(indirect: Hedosophia Group Limited) - Exercise/Conversion
Common Stock
2021-05-28+19,925,000→ 19,925,000 total(indirect: By LLC)
Footnotes (3)
- [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.