Libor Michalek - 01 Oct 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 Oct 2022
Net transactions value
-$74,121
Form type
4
Filing time
04 Oct 2022, 18:05:49 UTC
Previous filing
20 Sep 2022
Next filing
03 Nov 2022
SEC
View on sec.gov

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Quoteable Key Fact

"Libor Michalek filed Form 4 for Affirm Holdings, Inc. (AFRM) on 04 Oct 2022."

Quick Takeaways

  • This page summarizes Libor Michalek's Form 4 filing for Affirm Holdings, Inc. (AFRM).
  • 4 reported transactions and 2 derivative rows are listed below.
  • Filing timestamp: 04 Oct 2022, 18:05.

What Changed

  • Previous filing in this sequence was filed on 20 Sep 2022.
  • Current net transaction value: -$74,121.

Why This Matters

  • 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.

Official SEC Source

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

See Original Filing

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AFRM Class A Common Stock Options Exercise $0 +7,968 +9.2% $0.000000 94,921 01 Oct 2022 Direct
transaction AFRM Class A Common Stock Tax liability $74,121 -3,951 -4.2% $18.76 90,970 01 Oct 2022 Direct F1
holding AFRM Class A Common Stock 875,504 01 Oct 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 -5,633 -6.3% $0.000000 84,490 01 Oct 2022 Class A Common Stock 5,633 Direct F3, F4
transaction AFRM Restricted Stock Units Options Exercise $0 -2,335 -2.1% $0.000000 109,772 01 Oct 2022 Class A Common Stock 2,335 Direct F3, F5
* 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 October 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 (RSU) represents a contingent right to receive one share of the Issuer's Class A Common Stock.
F4 The RSUs vest 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.
F5 The RSUs vest in 48 equal monthly installments beginning October 1, 2022, subject to the Reporting Person's continuous service with the Issuer as of each vesting date. This grant has no expiration date.

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