Softbank Group Corp. - Jul 21, 2021 Form 4 Insider Report for SoFi Technologies, Inc. (SOFI)

Role: Director, 10%+ Owner
Signature: /s/ Natsuko Ohga, head of Corporate Legal Department of SOFTBANK GROUP CORP
Stock symbol: SOFI
Transactions as of: Jul 21, 2021
Transactions value $: $0
Form type: 4
Date filed: 7/23/2021, 05:43 PM
Previous filing: Jun 2, 2021
Next filing: Aug 23, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SOFI	Common Stock	Other		-64.7M	-100%		0	Jul 14, 2021	By SB Sonic Holdco (UK) Ltd	F1, F2
transaction	SOFI	Common Stock	Other		-53.1M	-100%		0	Jul 14, 2021	By SoftBank Group Capital Ltd	F1, F2
transaction	SOFI	Common Stock	Other		+118M			118M	Jul 14, 2021	By Delaware Project 10 L.L.C.	F1, F3, F4

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

Explanation of Responses:

Id	Content
F1	The shares were originally held by SoftBank Group Capital Ltd. ("SBGC") and SB Sonic HoldCo (UK) Limited ("SB Sonic"), each wholly owned subsidiaries of SoftBank Group Corp. ("SoftBank"). On July 21, 2021, SoftBank transferred the shares from SBGC and SB Sonic to Delaware Project 10 L.L.C. ("DE Project 10"), also a wholly owned subsidiary of SoftBank.
F2	The shares initially reported as acquired in the Form 4 filed on June 2, 2021 were adjusted by the Issuer as a result of a post transaction review. The shares reported herein reflect the number of shares acquired by SBGC (less the shares disposed to the Issuer on May 28, 2021, as reported on the Form 4 filed on June 2, 2021) and SB Sonic in the business combination.
F3	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.
F4	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. Each Reporting Person 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.