Explanatory Note
This Amendment No. 1 (this Amendment) to the Schedule 13D (the Initial 13D), filed by the Reporting Persons with the Securities
and Exchange Commission (the SEC) on June 12, 2021, amends and supplements certain of the items set forth therein. As used in this Amendment, the term Reporting Persons collectively refers to Clay Wilkes and Red Crow
Capital, LLC.
On June 28, Clay Wilkes and his spouse collectively assigned and transferred to Mr. Wilkes individually 4,000,000 shares of
common stock. Subsequently, but on the same day, Mr. Wilkes individually assigned and transferred to the 2021 Wilkes Grantor Retained Annuity Trust (2021 Wilkes GRAT) 4,000,000 SoFi shares. Mr. Wilkes is the sole grantor,
trustee, and current beneficiary of the 2021 Wilkes GRAT.
On June 29, Red Crow Capital, LLC assigned and transferred to its members, Mr. Wilkes
and the Wilkes Legacy Trust, 2,000,000 and 691,065 SoFi shares, respectively. Mr. Wilkes serves as the investment advisor of the Wilkes Legacy Trust and holds sole voting and dispositive power with respect to the shares held by the Wilkes
Legacy Trust. Mr. Wilkes disclaims beneficial ownership of the shares held by the Wilkes Legacy Trust except to the extent of any pecuniary interest therein, and this report shall not be deemed an admission that Mr. Wilkes is the
beneficial owner of or has any pecuniary interest in such securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.
On June 30, Mr. Wilkes individually assigned and transferred to the 2021 Wilkes Grantor Retained Annuity Trust No. 2 (2021 Wilkes GRAT
No. 2) SoFi shares totaling 2,000,000. Mr. Wilkes is the sole grantor, trustee, and current beneficiary of the 2021 Wilkes GRAT No. 2.
Item 3. Source and Amount of Funds or Other Consideration
Item 3 is hereby amended and supplemented by adding the following:
Subsequent to the Closing of the SoFi Business Combination, on June 28, Clay Wilkes and his spouse collectively assigned and transferred to
Mr. Wilkes individually 4,000,000 shares of common stock. Subsequently, but on the same day, Mr. Wilkes individually assigned and transferred to the 2021 Wilkes Grantor Retained Annuity Trust (2021 Wilkes GRAT) 4,000,000 SoFi
shares. Mr. Wilkes is the sole grantor, trustee, and current beneficiary of the 2021 Wilkes GRAT.
On June 29, Red Crow Capital, LLC assigned
and transferred to its members, Mr. Wilkes and the Wilkes Legacy Trust, 2,000,000 and 691,065 SoFi shares, respectively. Mr. Wilkes serves as the investment advisor of the Wilkes Legacy Trust and holds sole voting and dispositive power
with respect to the shares held by the Wilkes Legacy Trust. Mr. Wilkes disclaims beneficial ownership of the shares held by the Wilkes Legacy Trust except to the extent of any pecuniary interest therein, and this report shall not be deemed an
admission that Mr. Wilkes is the beneficial owner of or has any pecuniary interest in such securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.
On June 30, Mr. Wilkes individually assigned and transferred to the 2021 Wilkes Grantor Retained Annuity Trust No. 2 (2021 Wilkes GRAT
No. 2) SoFi shares totaling 2,000,000. Mr. Wilkes is the sole grantor, trustee, and current beneficiary of the 2021 Wilkes GRAT No. 2.