Libor Michalek - Nov 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: Nov 1, 2021
Transactions value $: -$35,685,934
Form type: 4
Date filed: 11/3/2021, 06:02 PM
Previous filing: Oct 5, 2021
Next filing: Jan 4, 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%	$0.00	878K	Oct 14, 2021	Michalek 2007 Trust dated March 21, 2007	F1
transaction	AFRM	Class A Common Stock	Options Exercise	$45.1K	+34.7K	+43.88%	$1.30^*	114K	Nov 1, 2021	Direct
transaction	AFRM	Class A Common Stock	Options Exercise	$408K	+200K	+175.83%	$2.04^*	314K	Nov 2, 2021	Direct
transaction	AFRM	Class A Common Stock	Sale	-$1.72M	-11.3K	-3.61%	$151.53^*	302K	Nov 1, 2021	Direct	F2, F3
transaction	AFRM	Class A Common Stock	Sale	-$6.15M	-40.4K	-13.36%	$152.27^*	262K	Nov 1, 2021	Direct	F2, F4
transaction	AFRM	Class A Common Stock	Sale	-$9.73M	-63.5K	-24.22%	$153.35^*	199K	Nov 1, 2021	Direct	F2, F5
transaction	AFRM	Class A Common Stock	Sale	-$11.1M	-71.7K	-36.13%	$154.17^*	127K	Nov 1, 2021	Direct	F2, F6
transaction	AFRM	Class A Common Stock	Sale	-$4.33M	-28K	-22.04%	$155.03^*	98.9K	Nov 1, 2021	Direct	F2, F7
transaction	AFRM	Class A Common Stock	Sale	-$767K	-4.9K	-4.96%	$156.53^*	94K	Nov 1, 2021	Direct	F2, F8
transaction	AFRM	Class A Common Stock	Sale	-$269K	-1.71K	-1.82%	$157.36^*	92.3K	Nov 1, 2021	Direct	F2, F9
transaction	AFRM	Class A Common Stock	Sale	-$566K	-3.56K	-3.86%	$158.88^*	88.7K	Nov 1, 2021	Direct	F2, F10
transaction	AFRM	Class A Common Stock	Sale	-$1.26M	-7.9K	-8.91%	$159.54^*	80.8K	Nov 1, 2021	Direct	F2, F11
transaction	AFRM	Class A Common Stock	Sale	-$16.1K	-100	-0.12%	$160.60^*	80.7K	Nov 1, 2021	Direct	F2
transaction	AFRM	Class A Common Stock	Sale	-$269K	-1.65K	-2.04%	$162.91^*	79.1K	Nov 1, 2021	Direct	F2, F12

Showing 1 to 14 of 14 entries

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	-34.7K	-100%	$0.00^*	0	Nov 1, 2021	Class A Common Stock	34.7K	$1.30	Direct
transaction	AFRM	Stock Option (Right to Buy)	Options Exercise	$0	-200K	-50%	$0.00	200K	Nov 2, 2021	Class A Common Stock	200K	$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.