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.