Siphelele Jiyane - Nov 1, 2021 Form 4 Insider Report for Affirm Holdings, Inc. (AFRM)

Signature
/s/ David Ritenour, Attorney-in-Fact
Stock symbol
AFRM
Transactions as of
Nov 1, 2021
Transactions value $
-$5,308,133
Form type
4
Date filed
11/3/2021, 06:01 PM
Previous filing
Sep 3, 2021
Next filing
Nov 9, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AFRM Class A Common Stock Options Exercise +3.86K +15.02% 29.6K Nov 1, 2021 Direct F1
transaction AFRM Class A Common Stock Tax liability -$257K -1.68K -5.7% $152.66* 27.9K Nov 1, 2021 Direct F2
transaction AFRM Class A Common Stock Options Exercise $16.1K +7.89K +28.33% $2.04* 35.8K Nov 1, 2021 Direct
transaction AFRM Class A Common Stock Sale -$288K -1.9K -5.31% $151.57* 33.9K Nov 1, 2021 Direct F3, F4
transaction AFRM Class A Common Stock Sale -$612K -4.02K -11.86% $152.41* 29.8K Nov 1, 2021 Direct F3, F5
transaction AFRM Class A Common Stock Sale -$2.67M -17.4K -58.28% $153.57* 12.5K Nov 1, 2021 Direct F3, F6
transaction AFRM Class A Common Stock Sale -$757K -4.9K -39.35% $154.55* 7.55K Nov 1, 2021 Direct F3, F7
transaction AFRM Class A Common Stock Sale -$249K -1.6K -21.23% $155.17* 5.95K Nov 1, 2021 Direct F3, F8
transaction AFRM Class A Common Stock Sale -$157K -1K -16.81% $156.55* 4.95K Nov 1, 2021 Direct F3, F9
transaction AFRM Class A Common Stock Sale -$207K -1.3K -26.27% $159.27* 3.65K Nov 1, 2021 Direct F3, F10
transaction AFRM Class A Common Stock Sale -$48K -300 -8.22% $159.87* 3.35K Nov 1, 2021 Direct F3, F11
transaction AFRM Class A Common Stock Sale -$78.4K -481 -14.36% $162.93* 2.87K Nov 1, 2021 Direct F3, F12

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 -166 -5.53% $0.00 2.83K Nov 1, 2021 Class A Common Stock 166 Direct F1, F13
transaction AFRM Restricted Stock Units Options Exercise $0 -1.44K -10% $0.00 13K Nov 1, 2021 Class A Common Stock 1.44K Direct F1, F14
transaction AFRM Restricted Stock Units Options Exercise $0 -1.26K -2.77% $0.00 44.1K Nov 1, 2021 Class A Common Stock 1.26K Direct F1, F15
transaction AFRM Restricted Stock Units Options Exercise $0 -896 -6.67% $0.00 12.5K Nov 1, 2021 Class A Common Stock 896 Direct F1, F16
transaction AFRM Restricted Stock Units Options Exercise $0 -98 -2.22% $0.00 4.32K Nov 1, 2021 Class A Common Stock 98 Direct F1, F17
transaction AFRM Stock Option (Right to Buy) Options Exercise $0 -7.89K -65.78% $0.00 4.11K Nov 1, 2021 Class A Common Stock 7.89K $2.04 Direct F18
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each Restricted Stock Unit (RSU) 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 restricted stock units that vested on November 1, 2021.
F3 The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on September 15, 2021.
F4 Represents the weighted average sale price of the shares sold from $150.97 to $151.96 per share. The Reporting Person will provide, upon request by the Commission staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F5 Represents the weighted average sale price of the shares sold from $152.03 to $152.97 per share. The Reporting Person will provide, upon request by the Commission staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F6 Represents the weighted average sale price of the shares sold from $153.05 to $153.99 per share. The Reporting Person will provide, upon request by the Commission staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F7 Represents the weighted average sale price of the shares sold from $154.05 to $155.03 per share. The Reporting Person will provide, upon request by the Commission staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F8 Represents the weighted average sale price of the shares sold from $155.05 to $155.38 per share. The Reporting Person will provide, upon request by the Commission staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F9 Represents the weighted average sale price of the shares sold from $156.12 to $157.01 per share. The Reporting Person will provide, upon request by the Commission staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F10 Represents the weighted average sale price of the shares sold from $158.64 to $159.56 per share. The Reporting Person will provide, upon request by the Commission staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F11 Represents the weighted average sale price of the shares sold from $159.73 to $159.94 per share. The Reporting Person will provide, upon request by the Commission staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F12 Represents the weighted average sale price of the shares sold from $162.91 to $162.96 per share. The Reporting Person will provide, upon request by the Commission staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F13 Restricted stock units vest with respect to the shares of Class A Common Stock underlying the restricted stock units in equal monthly installments for a period of forty-eight months beginning on April 1, 2019, the vesting commencement date, subject to the Reporting Person's continued employment with the Issuer as of each vesting date.
F14 RSUs vest with respect to the shares of Class A Common Stock underlying the RSUs in equal monthly installments for a period of twenty-four months beginning on August 1, 2020, the vesting commencement date, subject to the Reporting Person's continued employment with the Issuer as of each vesting date.
F15 RSUs vest with respect to the shares of Class A Common Stock underlying the RSUs in equal monthly installments for a period of forty-eight months beginning on October 1, 2020, the vesting commencement date, subject to the Reporting Person's continued employment with the Issuer as of each vesting date.
F16 RSUs vest with respect to the shares of Class A Common Stock underlying the RSUs in monthly installments for a period of twenty-four months beginning on January 1, 2021, the vesting commencement date, subject to the Reporting Person's continued employment with the Issuer as of each vesting date.
F17 RSUs vest with respect to the shares of Class A Common Stock underlying the RSUs in equal monthly installments for a period of forty-eight months beginning on July 1, 2021, the vesting commencement date, subject to the Reporting Person's continued employment with the Issuer as of each vesting date.
F18 Stock option vests with respect to 1/24 of the shares of the Issuer's Class A common stock, par value $0.00001 per share ("Class A Common Stock"), underlying the stock option on the one-year anniversary of July 5, 2016, the vesting commencement date of the Reporting Person's first stock option award from the Issuer, and the remaining shares underlying the option vest in equal monthly installments thereafter, in each case subject to continued service with the Issuer. The Reporting Person can elect to exercise the stock option at any time, provided that the shares acquired upon exercise remain subject to the applicable vesting schedule.