GIC Private Ltd - Dec 11, 2023 Form 4 Insider Report for Affirm Holdings, Inc. (AFRM)

Role
10%+ Owner
Signature
GIC Private Ltd, By: /s/ Toh Tze Meng, Name: Toh Tze Meng, Title: Senior Vice President
Stock symbol
AFRM
Transactions as of
Dec 11, 2023
Transactions value $
-$116,310,565
Form type
4
Date filed
12/13/2023, 05:21 PM
Previous filing
Jul 7, 2023
Next filing
Oct 2, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AFRM Class A Common Stock Sale -$5.25M -135K -3% $38.89 4.36M Dec 11, 2023 Direct F1
transaction AFRM Class A Common Stock Sale -$57.1M -1.44M -32.95% $39.68 2.93M Dec 11, 2023 Direct F2
transaction AFRM Class A Common Stock Sale -$45.6M -1.13M -38.72% $40.25 1.79M Dec 11, 2023 Direct F3
transaction AFRM Class A Common Stock Sale -$4.64M -112K -6.24% $41.46 1.68M Dec 11, 2023 Direct F4
transaction AFRM Class A Common Stock Sale -$3.74M -88.3K -5.25% $42.37 1.59M Dec 11, 2023 Direct F5
holding AFRM Class A Common Stock 11.9M Dec 11, 2023 See Footnotes F6, F7, F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

GIC Private Ltd is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $38.6501 to $38.9985, inclusive. Each Reporting Person undertakes to provide to Affirm Holdings Inc. (the "Issuer"), any security holder of Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes (1) through (5) to this Form 4.
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $39 to $39.9600, inclusive.
F3 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $40 to $40.9988, inclusive.
F4 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $41 to $40.8700, inclusive.
F5 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $42 to $42.5900, inclusive.
F6 Includes 37,651 shares received on November 17, 2023 in a pro rata distribution exempt from reporting when received.
F7 These securities are owned by Jasmine Ventures Pte Ltd ("Jasmine Ventures") and certain other wholly-owned special purpose vehicles (the "SPVs"). Jasmine Ventures and the SPVs shares the power to vote and the power to dispose of the shares of Class A common stock with GIC Special Investments Pte. Ltd. ("GIC SI"), and GIC Private Limited ("GIC PL") both of which are private limited companies incorporated in Singapore. GIC SI is wholly owned by GIC PL and is the private equity investment arm of GIC PL. GIC PL is wholly owned by the Government of Singapore and was set up with the sole purpose of managing Singapore's foreign reserves. The Government of Singapore disclaims beneficial ownership of these securities.
F8 The Reporting Person disclaims beneficial ownership of the securities except to the extent of its pecuniary interest therein, and this report shall not be deemed an admission that such Reporting Person is the beneficial owner of the shares for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.