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

Role
Chief Financial Officer
Signature
/s/ David Ritenour, Attorney-in-Fact
Stock symbol
AFRM
Transactions as of
Feb 1, 2022
Transactions value $
-$3,015,101
Form type
4
Date filed
2/3/2022, 05:04 PM
Previous filing
Jan 18, 2022
Next filing
Mar 3, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AFRM Class A Common Stock Options Exercise $0 +3.33K +6.94% $0.00 51.4K Feb 1, 2022 Direct F1
transaction AFRM Class A Common Stock Tax liability -$98.8K -1.46K -2.85% $67.48 49.9K Feb 1, 2022 Direct F2
transaction AFRM Class A Common Stock Options Exercise $260K +48.2K +96.48% $5.39 98.1K Feb 1, 2022 Direct
transaction AFRM Class A Common Stock Sale -$180K -2.85K -2.91% $63.19 95.2K Feb 1, 2022 Direct F3, F4
transaction AFRM Class A Common Stock Sale -$387K -6K -6.3% $64.47 89.2K Feb 1, 2022 Direct F3, F5
transaction AFRM Class A Common Stock Sale -$736K -11.3K -12.62% $65.43 78K Feb 1, 2022 Direct F3, F6
transaction AFRM Class A Common Stock Sale -$1.07M -16.1K -20.64% $66.39 61.9K Feb 1, 2022 Direct F3, F7
transaction AFRM Class A Common Stock Sale -$804K -12K -19.33% $67.27 49.9K Feb 1, 2022 Direct F3, F8

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 -8.33% $0.00 36.7K Feb 1, 2022 Class A Common Stock 3.33K Direct F1, F9
transaction AFRM Stock Option (Right to Buy) Options Exercise $0 -48.2K -3.68% $0.00 1.26M Feb 1, 2022 Class A Common Stock 48.2K $5.39 Direct F10
* 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 February 1, 2022.
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 14, 2021.
F4 Represents the weighted average sale price of the shares sold from $62.80 to $63.60 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 $63.87 to $64.86 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 $64.87 to $65.86 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 $65.87 to $66.86 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 $66.87 to $67.84 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.
F9 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.
F10 Stock options vest with respect to 1/4 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 August 27, 2018, the vesting commencement date, and the remaining 3/4 of the shares underlying the option vest in equal monthly installments over the subsequent three years, in each case subject to continued service with the Issuer. The Reporting Person can elect to exercise the stock options at any time, provided that the shares acquired upon exercise remain subject to the applicable vesting schedule.