Libor Michalek - Oct 1, 2023 Form 4 Insider Report for Affirm Holdings, Inc. (AFRM)

Signature
/s/ David Ritenour, Attorney-in-Fact
Stock symbol
AFRM
Transactions as of
Oct 1, 2023
Transactions value $
-$82,421
Form type
4
Date filed
10/3/2023, 06:03 PM
Previous filing
Sep 22, 2023
Next filing
Nov 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 +10.8K +9.18% $0.00 128K Oct 1, 2023 Direct
transaction AFRM Class A Common Stock Tax liability -$82.4K -3.88K -3.02% $21.27 124K Oct 1, 2023 Direct F1
holding AFRM Class A Common Stock 873K Oct 1, 2023 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 -2.34K -2.78% $0.00 81.7K Oct 1, 2023 Class A Common Stock 2.34K Direct F3, F4
transaction AFRM Restricted Stock Units Options Exercise $0 -8.45K -12.5% $0.00 59.1K Oct 1, 2023 Class A Common Stock 8.45K 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, 2023.
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 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.
F5 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.