Libor Michalek - 01 Apr 2022 Form 4 Insider Report for Affirm Holdings, Inc. (AFRM)

Role
President, Tech., Risk & Ops, Director
Signature
/s/ David Ritenour, Attorney-in-Fact
Issuer symbol
AFRM
Transactions as of
01 Apr 2022
Net transactions value
-$68,144
Form type
4
Filing time
05 Apr 2022, 17:03:26 UTC
Previous filing
04 Jan 2022
Next filing
10 Jun 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AFRM Class A Common Stock Options Exercise $0 +4,225 +5.2% $0.000000 85,652 01 Apr 2022 Direct
transaction AFRM Class A Common Stock Tax liability $68,144 -1,462 -1.7% $46.61 84,190 01 Apr 2022 Direct F1
holding AFRM Class A Common Stock 877,754 01 Apr 2022 Michalek 2007 Trust dated March 21, 2007 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 -4,225 -4.3% $0.000000 94,347 01 Apr 2022 Class A Common Stock 4,225 Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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 April 1, 2022.
F2 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.
F3 Each Restricted Stock Unit represents a contingent right to receive one share of the Issuer's Class A Common Stock.
F4 Restricted stock unit 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.