Initial Statement of Beneficial Ownership (3)
July 23 2021 - 5:45PM
Edgar (US Regulatory)
FORM 3
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
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OMB APPROVAL
OMB Number:
3235-0104
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
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Delaware Project 10 L.L.C. |
2. Date of Event Requiring Statement (MM/DD/YYYY)
7/21/2021
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3. Issuer Name and Ticker or Trading Symbol
SoFi Technologies, Inc. [SOFI]
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(Last)
(First)
(Middle)
1 CIRCLE STAR WAY, 4TH FLOOR |
4. Relationship of Reporting Person(s) to Issuer (Check all applicable)
__X__ Director ___X___ 10% Owner _____ Officer (give title below) _____ Other (specify below)
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(Street)
SAN CARLOS, CA 94070
(City)
(State)
(Zip)
| 5. If Amendment, Date Original Filed(MM/DD/YYYY)
| 6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Beneficially Owned
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1.Title of Security (Instr. 4) | 2. Amount of Securities Beneficially Owned (Instr. 4) | 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 4. Nature of Indirect Beneficial Ownership (Instr. 5) |
Common Stock | 117795933 (1) | D (2)(3) | |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security (Instr. 4) | 2. Date Exercisable and Expiration Date (MM/DD/YYYY) | 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) | 4. Conversion or Exercise Price of Derivative Security | 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5) | 6. Nature of Indirect Beneficial Ownership (Instr. 5) |
Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
Explanation of Responses: |
(1) | The shares were originally held by SoftBank Group Capital Ltd. ("SBGC") and SB Sonic HoldCo (UK) Limited ("SB Sonic"), wholly owned subsidiaries of SoftBank Group Corp. ("SoftBank"). On July 21, 2021, SoftBank transferred the shares held by SBGC and SB Sonic to Delaware Project 10 L.L.C. ("DE Project 10"), also a wholly owned subsidiary of SoftBank. |
(2) | Michel Combes and Carlos Carniero de Medeiros, each a member of the board of directors of the Issuer, were elected as representatives of SoftBank, SBGC, SB Sonic, and now DE Project 10. Messrs. Combes and Medeiros serve as managers of DE Project 10 and in other roles at SoftBank entities. As a result, each of these entities is a director by deputization for Section 16 purposes. |
(3) | The shares are directly held by DE Project 10. SoftBank may be deemed to have voting and dispositive power with respect to the shares held by DE Project 10. SoftBank disclaims beneficial ownership of such shares except to the extent of its pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 or for any other purposes. |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
Delaware Project 10 L.L.C. 1 CIRCLE STAR WAY 4TH FLOOR SAN CARLOS, CA 94070 | X | X |
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Signatures
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/s/ Michel Combes, Manager of DELAWARE PROJECT 10 L.L.C. | | 7/23/2021 |
**Signature of Reporting Person | Date |
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