Keith Rabois - Apr 3, 2023 Form 4 Insider Report for Affirm Holdings, Inc. (AFRM)

Role: Director
Signature: /s/ David Ritenour, Attorney-in-Fact
Stock symbol: AFRM
Transactions as of: Apr 3, 2023
Transactions value $: -$192,711
Form type: 4
Date filed: 4/4/2023, 06:02 PM
Previous filing: Mar 3, 2023
Next filing: Mar 18, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	AFRM	Class A Common Stock	Sale	-$193K	-17.3K	-100%	$11.15	0	Apr 3, 2023	Direct	F1, F2
holding	AFRM	Class A Common Stock						75K	Apr 3, 2023	By FF Affirm Growth, LLC	F3
holding	AFRM	Class A Common Stock						1.49M	Apr 3, 2023	By The Founders Fund Growth, LP	F3
holding	AFRM	Class A Common Stock						60.4K	Apr 3, 2023	By The Founders Fund Growth Principals Fund, LP	F3

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

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id	Content
F1	The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on September 15, 2022.
F2	Represents the weighted average sale price of the shares sold from $10.85 to $11.42 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.
F3	The Reporting Person has shared voting and investment power over the shares held by each of The Founders Fund VI, LP, The Founders Fund VI Principals Fund, LP, The Founders Fund VI Entrepreneurs Fund, LP, The Founders Fund Growth, LP, The Founders Fund Growth Principals Fund, LP and FF Affirm Growth, LLC. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or any other purpose.