Siphelele Jiyane - Feb 18, 2022 Form 4 Insider Report for Affirm Holdings, Inc. (AFRM)

Role: Vice President, Controller
Signature: /s/ David Ritenour, Attorney-in-Fact
Stock symbol: AFRM
Transactions as of: Feb 18, 2022
Transactions value $: $269,500
Form type: 4
Date filed: 2/22/2022, 04:08 PM
Previous filing: Feb 3, 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	$270K	+50K	+473.62%	$5.39	60.6K	Feb 18, 2022	Direct

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	-50K	-75.57%	$0.00	16.2K	Feb 18, 2022	Class A Common Stock	50K	$5.39	Direct	F1
transaction	AFRM	Restricted Stock Units	Award	$0	+40K		$0.00	40K	Feb 20, 2022	Class A Common Stock	40K		Direct	F2, F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Stock option vests with respect to the shares of Class A Common Stock underlying the stock option in equal monthly installments for a period of forty-eight months beginning on November 1, 2017, the vesting commencement date, subject to the Reporting Person's continued employment with the Issuer as of each vesting date. 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.
F2	Each Restricted Stock Unit (RSU) represents a contingent right to receive one share of the Issuer's Class A Common Stock.
F3	The RSUs vest semi-annually in 25 percent increments beginning July 1, 2022, subject to the Reporting Person's continuous service with the Issuer as of each vesting date. This grant has no expiration date.