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

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

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.