Michael Linford - 01 Jul 2022 Form 4 Insider Report for Affirm Holdings, Inc. (AFRM)

Reporting relationship: Chief Financial Officer
Issuer ticker: AFRM
Reported as of: 01 Jul 2022
Net transaction value: -$50,126
SEC form: 4
Accepted by SEC: 06 Jul 2022, 18:44:58 UTC
Prior SEC filing: 10 Jun 2022
Next SEC filing: 03 Aug 2022
Source filing: View source filing
Reporting owner signature: /s/ David Ritenour, Attorney-in-Fact

Key filing fact

Michael Linford filed Form 4 for Affirm Holdings, Inc. (AFRM) on 06 Jul 2022.

Key facts

This page summarizes Michael Linford's Form 4 filing for Affirm Holdings, Inc. (AFRM).
4 reported transactions and 2 derivative rows are listed below.
Accepted by SEC: 06 Jul 2022, 18:44.

Change

Previous filing in this sequence was filed on 10 Jun 2022.
Current net transaction value: -$50,126.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

AFRM transaction

Class A Common Stock

Options Exercise

Transaction value: $0
Shares: +6,640
Change %: +11%
Price: $0.000000
Shares after: 65,879
Date: 01 Jul 2022
Ownership: Direct

AFRM transaction

Class A Common Stock

Tax liability

Transaction value: $50,126
Shares: -2,916
Change %: -4.4%
Price: $17.19
Shares after: 62,963
Date: 01 Jul 2022
Ownership: Direct
Footnotes: F1

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

AFRM transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value: $0
Shares: -3,334
Change %: -14%
Price: $0.000000
Shares after: 20,000
Date: 01 Jul 2022
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 3,334
Exercise price
Footnotes: F2, F3

AFRM transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value: $0
Shares: -3,306
Change %: -4.5%
Price: $0.000000
Shares after: 70,531
Date: 01 Jul 2022
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 3,306
Exercise price
Footnotes: F2, F4

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 4 footnotes

Footnote 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 July 1, 2022.

Footnote F2

Each Restricted Stock Unit (RSUs) represents a contingent right to receive one share of the Issuer's Class A Common Stock.

Footnote 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.

Footnote 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.