Initial Statement of Beneficial Ownership (3)
February 07 2022 - 4:05PM
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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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
*
Borton Chad M |
2. Date of Event Requiring Statement (MM/DD/YYYY)
2/2/2022
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3. Issuer Name and Ticker or Trading Symbol
SoFi Technologies, Inc. [SOFI]
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(Last)
(First)
(Middle)
234 1ST STREET |
4. Relationship of Reporting Person(s) to Issuer (Check all applicable)
_____ Director _____ 10% Owner ___X___ Officer (give title below) _____ Other (specify below) President - SoFi Bank / |
(Street)
SAN FRANCISCO, CA 94105
(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 | 120 | D | |
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 |
Restricted Stock Unit | (1) | (1) | Common Stock | 638570 | (2) | D | |
Explanation of Responses: |
(1) | The RSU award will vest as to approximately119,731 RSUs on the nine month anniversary of the vesting commencement date and will then vest as to approximately 39,911 RSUs per quarter in equal quarterly installments, subject to the reporting person's continued service with the Issuer through the applicable vesting date, with the first installment representing 18.75% of the total number of RSUs granted pursuant to this award and each installment other than the first installment representing 6.25% of the total number of RSUs granted pursuant to this award. |
(2) | Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's common stock upon settlement for no consideration. |
Remarks: Exhibit 24 - Power of Attorney. |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
Borton Chad M 234 1ST STREET SAN FRANCISCO, CA 94105 |
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| President - SoFi Bank |
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Signatures
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/s/ Deanna Smith, Attorney-in-fact | | 2/7/2022 |
**Signature of Reporting Person | Date |
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