Michael Linford - 01 Jan 2025 Form 4 Insider Report for Affirm Holdings, Inc. (AFRM)

Role
Chief Operating Officer
Signature
/s/ Josh Samples, Attorney-in-Fact
Issuer symbol
AFRM
Transactions as of
01 Jan 2025
Transactions value $
-$163,212
Form type
4
Filing time
03 Jan 2025, 19:26:08 UTC
Previous filing
13 Dec 2024
Next filing
04 Feb 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AFRM Class A Common Stock Options Exercise $0 +8,947 +10% $0 94,367 01 Jan 2025 Direct
transaction AFRM Class A Common Stock Tax liability -$163,212 -2,680 -2.8% $60.9 91,687 01 Jan 2025 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction AFRM Restricted Stock Units Options Exercise $0 -2,335 -4.8% $0 46,713 01 Jan 2025 Class A Common Stock 2,335 Direct F2, F3
transaction AFRM Restricted Stock Units Options Exercise $0 -6,612 -33% $0 13,225 01 Jan 2025 Class A Common Stock 6,612 Direct F2, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the number of shares of the Issuer's Common Stock withheld to satisfy the Reporting Person's tax obligation in connection with the settlement of shares of Common Stock underlying the Reporting Person's restricted stock units that vested on January 1, 2025.
F2 Each Restricted Stock Unit (RSU) represents a contingent right to receive one share of the Issuer's Class A Common Stock.
F3 The RSUs vest in 48 equal monthly installments beginning October 1, 2022, subject to the Reporting Person's continuous service with the Issuer as of each vesting date. This grant has no expiration date.
F4 RSU grant vests over four and one-half years, commencing as of January 1, 2021, the vesting commencement date. The first 5% of the shares vest on the six-month anniversary of the vesting commencement date, and the remainder of the shares vest in quarterly installments over the remaining four years, in annual aggregate amounts equal to 15%, 20%, 30% and 30%, respectively, subject to the Reporting Person's continued employment with the Issuer as of each vesting date.