Jeremy G. Philips - 12 Nov 2021 Form 4 Insider Report for Affirm Holdings, Inc. (AFRM)

Role: Director
Signature: /s/ Jeremy Philips
Issuer symbol: AFRM
Transactions as of: 12 Nov 2021
Net transactions value: -$1,645,201
Form type: 4
Filing time: 16 Nov 2021, 15:49:46 UTC
Previous filing: 13 Sep 2021
Next filing: 22 Nov 2021
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	Other	$0	-2,035,521	-100%	$0.000000^*	0	12 Nov 2021	See Footnote	F1, F2
transaction	AFRM	Class A Common Stock	Other	$0	+762,389		$0.000000	762,389	12 Nov 2021	Direct	F5
transaction	AFRM	Class A Common Stock	Other	$0	+12,572		$0.000000	12,572	12 Nov 2021	See Footnote	F9, F10
transaction	AFRM	Class A Common Stock	Other	$0	-9,687	-100%	$0.000000^*	0	12 Nov 2021	See Footnote	F3, F4
transaction	AFRM	Class A Common Stock	Other	$0	+2,305	+0.3%	$0.000000	764,694	12 Nov 2021	Direct	F6
transaction	AFRM	Class A Common Stock	Sale	$1,630,200	-10,868	-1.4%	$150.00^*	753,826	15 Nov 2021	Direct
transaction	AFRM	Class A Common Stock	Sale	$15,001	-100	-0.01%	$150.01^*	753,726	15 Nov 2021	Direct
holding	AFRM	Class A Common Stock						74,243	12 Nov 2021	See Footnote	F7
holding	AFRM	Class A Common Stock						757	12 Nov 2021	See Footnote	F8

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

Explanation of Responses:

Id	Content
F1	Represents a pro-rata distribution, and not a purchase or sale, without additional consideration by Spark Growth Management Partners, LLC ("SGMP") to its members.
F2	These shares are held of record by SGMP. The Reporting Person is a managing member of SGMP and may be deemed to share investment, voting and dispositive power over these shares. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose.
F3	Represents a pro-rata distribution, and not a purchase or sale, without additional consideration by Spark Growth Management Partners III, LLC ("SGMP III") to its members.
F4	These shares are held of record by SGMP III. The Reporting Person is a managing member of SGMP III and may be deemed to share investment, voting and dispositive power over these shares. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose.
F5	Represents a change in the form of ownership of the Reporting Person by virtue of receipt of shares as a result of the pro-rata in-kind distribution of Class A Common Stock of the Issuer for no consideration by SGMP.
F6	Represents a change in the form of ownership of the Reporting Person by virtue of receipt of shares as a result of the pro-rata in-kind distribution of Class A Common Stock of the Issuer for no consideration by SGMP III.
F7	These shares are held of record by Spark Capital Growth Fund III, L.P. ("Spark Growth III"). SGMP III is the general partner of Spark Growth III. The Reporting Person is a managing member of SGMP III and may be deemed to share investment, voting and dispositive power over these shares. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose.
F8	These shares are held of record by Spark Capital Growth Founders' Fund III, L.P. ("Spark Growth FF III"). SGMP III is the general partner of Spark Growth FF III. The Reporting Person is a managing member of SGMP III and may be deemed to share investment, voting and dispositive power over these shares. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose.
F9	Represents a change in the form of ownership of Spark Capital Partners, LLC ("SCP") by virtue of the receipt of shares in the pro-rata in-kind distribution of Class A Common Stock of the Issuer for no consideration by SGMP.
F10	The shares are held by SCP. The Reporting Person is a managing member of SCP and may be deemed to share investment, voting and dispositive power over these shares. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, if any, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose.