SEC Form 4
FORM 4 | UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP 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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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). |
1. Name and Address of Reporting Person*
(Street)
| 2. Issuer Name and Ticker or Trading Symbol SoFi Technologies, Inc. [ SOFI ] | 5. Relationship of Reporting Person(s) to Issuer (Check all applicable)
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3. Date of Earliest Transaction (Month/Day/Year) 05/28/2021 | ||||||||||||||||||||||||||
4. If Amendment, Date of Original Filed (Month/Day/Year) | 6. Individual or Joint/Group Filing (Check Applicable Line)
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
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1. Title of Security (Instr. 3) | 2. Transaction Date (Month/Day/Year) | 2A. Deemed Execution Date, if any (Month/Day/Year) | 3. Transaction Code (Instr. 8) | 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) | 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) | 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 7. Nature of Indirect Beneficial Ownership (Instr. 4) | |||
Code | V | Amount | (A) or (D) | Price | ||||||
Common Stock | 05/28/2021 | A(1) | 24,528,058 | A | (1) | 24,528,058 | I | Held by QIA FIG Holding LLC(2)(3) | ||
Series 1 Redeemable Preferred Stock | 05/28/2021 | A(1) | 3,000,000 | A | (1) | 3,000,000 | I | Held by QIA FIG Holding LLC(2)(3) |
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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1. Title of Derivative Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date (Month/Day/Year) | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) | ||||
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Warrants | $8.86 | 05/28/2021 | A(1) | 11,290,344 | 05/28/2021 | 05/19/2024 | Common Stock | 11,290,344 | (1) | 11,290,344 | I | Held by QIA FIG Holding LLC(2)(3) |
1. Name and Address of Reporting Person*
(Street)
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1. Name and Address of Reporting Person*
(Street)
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Explanation of Responses: |
1. Acquired pursuant to the terms of the Agreement and Plan of Merger, dated as of January 7, 2021, as amended on March 16, 2021 (the "Merger Agreement"), by and among Social Capital Hedosophia Holdings Corp. V ("SCH"), Plutus Merger Sub Inc. ("Merger Sub"), and Social Finance, Inc. ("SoFi"), pursuant to which Merger Sub merged (the "Merger") with and into SoFi, with SoFi surviving the Merger as a wholly owned subsidiary of SCH (renamed SoFi Technologies, Inc. (the "Issuer")). Pursuant to the terms of the Merger Agreement, at the effective time of the Merger, holders of SoFi common stock received shares of common stock of the Issuer, holders of SoFi Series 1 Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock received Series 1 Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock of the Issuer, and holders of warrants to purchase SoFi Series H Preferred Stock received warrants to purchase shares of common stock of the Issuer. |
2. QIA FIG Holding LLC is the direct holder of the securities reflected in this Form 4. Qatar Investment Authority is the ultimate parent of QIA FIG Holding LLC. |
3. Ahmed Al-Hammadi, Chief Investment Officer, Europe, Russia and Turkey for Qatar Investment Authority, is a member of the board of directors of the Issuer designated by QIA FIG Holding LLC, and therefore Qatar Investment Authority and QIA FIG Holding LLC each may be deemed a "director by deputization" of the Issuer. |
Qatar Investment Authority; By: /s/ Andrew Watkins, Associate General Counsel, Compliance, Legal | 08/05/2021 | |
QIA FIG Holding LLC; By: /s/ Andrew Watkins, Associate General Counsel, Compliance, Legal | 08/05/2021 | |
** Signature of Reporting Person | Date | |
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v). | ||
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). | ||
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. |