Michael Linford - Jan 1, 2022 Form 4 Insider Report for Affirm Holdings, Inc. (AFRM)

Signature
/s/ David Ritenour, Attorney-in-Fact
Stock symbol
AFRM
Transactions as of
Jan 1, 2022
Transactions value $
-$200,416
Form type
4
Date filed
1/4/2022, 05:00 PM
Previous filing
Dec 3, 2021
Next filing
Jan 18, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AFRM Class A Common Stock Gift $0 -25.7K -100% $0.00* 0 Jan 1, 2022 Direct
transaction AFRM Class A Common Stock Options Exercise $0 +6.64K $0.00 6.64K Jan 1, 2022 Direct F1
transaction AFRM Class A Common Stock Tax liability -$200K -1.99K -30.02% $100.56* 4.65K Jan 1, 2022 Direct F2

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 -3.33K -7.69% $0.00 40K Jan 1, 2022 Class A Common Stock 3.33K Direct F1, F3
transaction AFRM Restricted Stock Units Options Exercise $0 -3.31K -4.11% $0.00 77.1K Jan 1, 2022 Class A Common Stock 3.31K 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 restricted stock units that vested on January 1, 2022.
F3 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.
F4 RSU grant 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.