Michael Linford - Jul 1, 2023 Form 4 Insider Report for Affirm Holdings, Inc. (AFRM)

Role: Chief Financial Officer
Signature: /s/ David Ritenour, Attorney-in-Fact
Stock symbol: AFRM
Transactions as of: Jul 1, 2023
Transactions value $: -$29,740
Form type: 4
Date filed: 7/5/2023, 06:05 PM
Previous filing: Jun 5, 2023
Next filing: Aug 3, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	AFRM	Class A Common Stock	Options Exercise	$0	+6.74K	+6.98%	$0.00	103K	Jul 1, 2023	Direct
transaction	AFRM	Class A Common Stock	Tax liability	-$29.7K	-1.94K	-1.88%	$15.33	101K	Jul 1, 2023	Direct	F1

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	-4.41K	-7.69%	$0.00	52.9K	Jul 1, 2023	Class A Common Stock	4.41K		Direct	F2, F3
transaction	AFRM	Restricted Stock Units	Options Exercise	$0	-2.34K	-2.56%	$0.00	88.8K	Jul 1, 2023	Class A Common Stock	2.34K		Direct	F4, 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 July 1, 2023.
F2	Each Restricted Stock Unit (RSUs) represents a contingent right to receive one share of the Issuer's Class A Common Stock.
F3	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.
F4	Each Restricted Stock Unit (RSU) represents a contingent right to receive one share of the Issuer's Class A Common Stock.
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.