Softbank Group Corp. - May 28, 2021 Form 3 Insider Report for SoFi Technologies, Inc. (SOFI)

Role: Director, 10%+ Owner
Signature: Natsuko Ohga, Head of Corporate Legal Department of SOFTBANK GROUP CORP
Stock symbol: SOFI
Transactions as of: May 28, 2021
Transactions value $: $0
Form type: 3
Date filed: 6/2/2021, 08:56 PM
Next filing: Jul 23, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	SOFI	Common Stock						0	May 28, 2021	By SoftBank Group Capital Ltd	F1, F2
holding	SOFI	Common Stock						0	May 28, 2021	By SB Sonic Holdco (UK) Ltd	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Pursuant to the Agreement and Plan of Merger, dated as of January 7, 2021, as amended, by and among Social Capital Hedosophia Holdings Corp. V, a Cayman Islands corporation, Plutus Merger Sub Inc. and Social Finance Inc., a Delaware corporation ("Social Finance"), the Reporting Persons became reporting persons of "SoFi Technologies, Inc.", the as renamed surviving corporation (the "Issuer") of the business combination, which closed on May 28, 2021 (the "Business Combination"). Certain of the Reporting Persons received shares of common stock of the Issuer in exchange for their holdings in Social Finance as of the closing of the Business Corporation, which acquisitions will be reported separately on a Form 4 on the date hereof.
F2	Michel Combes and Carlos Carniero de Medeiros, each a member of the board of directors of the Issuer, were elected as representatives of SoftBank Group Corp. ("SoftBank"), SoftBank Group Capital Ltd ("SBGC") and SB Sonic HoldCo (UK) Limited ("SB Sonic"). As a result, each of these entities is a director by deputization for Section 16 purposes. SBGC and SB Sonic are wholly-owned subsidiaries of SoftBank.

Content

Pursuant to the Agreement and Plan of Merger, dated as of January 7, 2021, as amended, by and among Social Capital Hedosophia Holdings Corp. V, a Cayman Islands corporation, Plutus Merger Sub Inc. and Social Finance Inc., a Delaware corporation ("Social Finance"), the Reporting Persons became reporting persons of "SoFi Technologies, Inc.", the as renamed surviving corporation (the "Issuer") of the business combination, which closed on May 28, 2021 (the "Business Combination"). Certain of the Reporting Persons received shares of common stock of the Issuer in exchange for their holdings in Social Finance as of the closing of the Business Corporation, which acquisitions will be reported separately on a Form 4 on the date hereof.

Michel Combes and Carlos Carniero de Medeiros, each a member of the board of directors of the Issuer, were elected as representatives of SoftBank Group Corp. ("SoftBank"), SoftBank Group Capital Ltd ("SBGC") and SB Sonic HoldCo (UK) Limited ("SB Sonic"). As a result, each of these entities is a director by deputization for Section 16 purposes. SBGC and SB Sonic are wholly-owned subsidiaries of SoftBank.