Libor Michalek - Oct 1, 2021 Form 4 Insider Report for Affirm Holdings, Inc. (AFRM)

Role: President, Tech., Risk & Ops, Director
Signature: /s/ David Ritenour, Attorney-in-Fact
Stock symbol: AFRM
Transactions as of: Oct 1, 2021
Transactions value $: -$246,896
Form type: 4
Date filed: 10/5/2021, 07:17 PM
Previous filing: Jul 28, 2021
Next filing: Nov 3, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	AFRM	Class A Common Stock	Options Exercise		+4.23K	+5.49%		81.1K	Oct 1, 2021	Direct	F1
transaction	AFRM	Class A Common Stock	Tax liability	-$247K	-2.1K	-2.58%	$117.85^*	79.1K	Oct 1, 2021	Direct	F2
holding	AFRM	Class A Common Stock						878K	Oct 1, 2021	Michalek 2007 Trust dated March 21, 2007	F3

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	-4.23K	-3.95%	$0.00	103K	Oct 1, 2021	Class A Common Stock	4.23K		Direct	F1, F4

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

Explanation of Responses:

Id	Content
F1	Each Restricted Stock Unit (RSUs) represents a contingent right to receive one share of the Issuer's Class A Common Stock.
F2	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 RSUs that vested on October 1, 2021.
F3	The shares are held by the Michalek 2007 Family Trust dated March 21, 2007. The Reporting Person and his spouse are trustees of the trust.
F4	RSUs 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.