Bingle Michael J's Form 4 filing
SoFi Technologies, Inc.SOFI · filed Dec 4, 2024
- Accession no.
- 0000950170-24-133451
- Filed
- Dec 4, 2024, 8:12 PM ET
- Trade date
- Dec 2-4, 2024
- Filing delay
- 2 days
- Rule 10b5-1 plan
- Not checked
This filing lists 10 non-derivative transactions. Open-market sales total $498.8M. It was filed 2 days after the trade.
Reporting owners
A Form 4 can have several reporting owners, such as a person and a fund they control. Trade tables show the first one.
| Owner | Relationship to the company |
|---|---|
| Bingle Michael JCIK 0001306831 | Director |
| Silver Lake Group, L.L.C.CIK 0001418226 | Director |
| Silver Lake Partners IV, L.P.CIK 0001552054 | Director |
| Silver Lake Technology Associates IV, L.P.CIK 0001672566 | Director |
| Slta IV (GP), L.L.C.CIK 0001672568 | Director |
| Silver Lake Technology Investors IV (Delaware II), L.P.CIK 0001824494 | Director |
Non-derivative securities (Table I)
Acquisitions and disposals of common stock and similar shares, one row per line on the filing.
| Trade date | Security | Transaction | Shares | Price | Value | Shares after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Dec 2, 2024 | Common Stock | SSaleDisposed | −1,729,713 | $16.06F4,F5 | −$27,779,190.78 | 28,913,529 | Indirect | |
| Dec 2, 2024 | Common Stock | SSaleDisposed | −28,840 | $16.06F5 | −$463,170.4 | 482,083 | Indirect | |
| Dec 3, 2024 | Common Stock | SSaleDisposed | −5,142,822 | $15.90F6 | −$81,770,869.8 | 23,770,707 | Indirect | |
| Dec 3, 2024 | Common Stock | SSaleDisposed | −85,748 | $15.90F6 | −$1,363,393.2 | 396,335 | Indirect | |
| Dec 3, 2024 | Common Stock | SSaleDisposed | −60,131 | $15.96F7 | −$959,690.76 | 23,710,576 | Indirect | |
| Dec 3, 2024 | Common Stock | SSaleDisposed | −1,003 | $15.96F7 | −$16,007.88 | 395,332 | Indirect | |
| Dec 4, 2024 | Common Stock | SSaleDisposed | −19,389,745 | $16.01 | −$310,449,207.2 | 4,320,831 | Indirect | |
| Dec 4, 2024 | Common Stock | SSaleDisposed | −323,290 | $16.01 | −$5,176,196.19 | 72,042 | Indirect | |
| Dec 4, 2024 | Common Stock | SSaleDisposed | −4,320,831 | $16.13F8 | −$69,695,004.03 | 0 | Indirect | |
| Dec 4, 2024 | Common Stock | SSaleDisposed | −72,042 | $16.13F8 | −$1,162,037.46 | 0 | Indirect |
Footnotes and remarks
Livermore keeps the footnotes that transaction prices refer to, all footnotes of amendments (Form 4/A) and the filing's remarks. Other footnotes, such as how indirect holdings are held or the details of a trading plan, are only in the original on SEC EDGAR.
- F4
Represents shares of common stock and restricted stock units held by Michael Bingle, a director of the Issuer and Vice Chairman of SLG, as part of the Issuer's non-employee director compensation policy, for the benefit of one or more of the Reporting Persons and/or certain of their affiliates or certain of the funds they manage ("Silver Lake"). Pursuant to Silver Lake's policies with respect to director compensation, upon the sale of these securities, the proceeds from each sale will be expected to be remitted to Silver Lake and/or its limited partners.
Referenced by the price of 1 transaction in Table I.
- F5
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $15.88 to $16.60 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
Referenced by the price of 2 transactions in Table I.
- F6
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $15.75 to $16.14 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
Referenced by the price of 2 transactions in Table I.
- F7
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $15.90 to $16.00 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
Referenced by the price of 2 transactions in Table I.
- F8
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $15.90 to $16.43 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
Referenced by the price of 2 transactions in Table I.
Remarks
The Reporting Persons are jointly filing this Form 4 pursuant to Rule 16a-3(j) under the Exchange Act. This filing shall not be deemed an admission that the Reporting Persons are beneficial owners of all securities covered by this filing for purposes of Section 16 of the Exchange Act or otherwise, or are subject to Section 16 of the Exchange Act, and each Reporting Person disclaims beneficial ownership of these securities, except to the extent of such Reporting Person's pecuniary interest therein, if any.