Libor Michalek - 01 Nov 2021 Form 4 Insider Report for Affirm Holdings, Inc. (AFRM)

Role
President, Tech., Risk & Ops, Director
Signature
/s/ David Ritenour, Attorney-in-Fact
Issuer symbol
AFRM
Transactions as of
01 Nov 2021
Net transactions value
-$35,685,934
Form type
4
Filing time
03 Nov 2021, 18:02:43 UTC
Previous filing
05 Oct 2021
Next filing
04 Jan 2022
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 Gift $0 -350 -0.04% $0.000000 877,754 14 Oct 2021 Michalek 2007 Trust dated March 21, 2007 F1
transaction AFRM Class A Common Stock Options Exercise $45,098 +34,691 +44% $1.30* 113,744 01 Nov 2021 Direct
transaction AFRM Class A Common Stock Options Exercise $408,000 +200,000 +176% $2.04* 313,744 02 Nov 2021 Direct
transaction AFRM Class A Common Stock Sale $1,716,641 -11,329 -3.6% $151.53* 302,415 01 Nov 2021 Direct F2, F3
transaction AFRM Class A Common Stock Sale $6,151,857 -40,400 -13% $152.27* 262,015 01 Nov 2021 Direct F2, F4
transaction AFRM Class A Common Stock Sale $9,731,015 -63,455 -24% $153.35* 198,560 01 Nov 2021 Direct F2, F5
transaction AFRM Class A Common Stock Sale $11,058,929 -71,734 -36% $154.17* 126,826 01 Nov 2021 Direct F2, F6
transaction AFRM Class A Common Stock Sale $4,333,195 -27,950 -22% $155.03* 98,876 01 Nov 2021 Direct F2, F7
transaction AFRM Class A Common Stock Sale $767,005 -4,900 -5% $156.53* 93,976 01 Nov 2021 Direct F2, F8
transaction AFRM Class A Common Stock Sale $269,084 -1,710 -1.8% $157.36* 92,266 01 Nov 2021 Direct F2, F9
transaction AFRM Class A Common Stock Sale $566,090 -3,563 -3.9% $158.88* 88,703 01 Nov 2021 Direct F2, F10
transaction AFRM Class A Common Stock Sale $1,260,358 -7,900 -8.9% $159.54* 80,803 01 Nov 2021 Direct F2, F11
transaction AFRM Class A Common Stock Sale $16,060 -100 -0.12% $160.60* 80,703 01 Nov 2021 Direct F2
transaction AFRM Class A Common Stock Sale $268,798 -1,650 -2% $162.91* 79,053 01 Nov 2021 Direct F2, 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 Stock Option (Right to Buy) Options Exercise $0 -34,691 -100% $0.000000* 0 01 Nov 2021 Class A Common Stock 34,691 $1.30 Direct
transaction AFRM Stock Option (Right to Buy) Options Exercise $0 -200,000 -50% $0.000000 200,000 02 Nov 2021 Class A Common Stock 200,000 $2.04 Direct F13
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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.
F2 The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on September 14, 2021.
F3 Represents the weighted average sale price of the shares sold from $150.83 to $151.82 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.
F4 Represents the weighted average sale price of the shares sold from $151.83 to $152.82 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 $152.83 to $153.82 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 $153.83 to $154.82 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 $154.83 to $155.81 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 $156.00 to $156.99 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.
F9 Represents the weighted average sale price of the shares sold from $157.01 to $157.84 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 $158.29 to $159.26 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 $159.31 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 $162.85 to $163.01 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.
F13 Stock option vests monthly at the rate of 1/48 of the shares of Class A Common Stock underlying the stock option following October 9, 2017, the vesting commencement date, 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.