Katherine Adkins - Nov 11, 2024 Form 4 Insider Report for Affirm Holdings, Inc. (AFRM)

Role: Chief Legal Officer
Signature: /s/ Josh Samples, Attorney-in-Fact
Stock symbol: AFRM
Transactions as of: Nov 11, 2024
Transactions value $: -$6,385,800
Form type: 4
Date filed: 11/13/2024, 06:05 PM
Previous filing: Nov 5, 2024
Next filing: Dec 3, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	AFRM	Class A Common Stock	Options Exercise	$3.73M	+160K	+171.04%	$23.33	254K	Nov 11, 2024	Direct	F1
transaction	AFRM	Class A Common Stock	Options Exercise	$892K	+40K	+15.78%	$22.30	294K	Nov 11, 2024	Direct	F1
transaction	AFRM	Class A Common Stock	Sale	-$11M	-200K	-68.13%	$55.05	93.5K	Nov 11, 2024	Direct	F1, F2

Showing 1 to 3 of 3 entries

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	Stock Option (Right to Buy)	Options Exercise	$0	-160K	-70.46%	$0.00	67.1K	Nov 11, 2024	Class A Common Stock	160K	$23.33	Direct	F1, F3
transaction	AFRM	Stock Option (Right to Buy)	Options Exercise	$0	-40K	-32.56%	$0.00	82.9K	Nov 11, 2024	Class A Common Stock	40K	$22.30	Direct	F1, F4

* 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 transactions reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on June 13, 2024.
F2	Represents the weighted average sale price of the shares sold from $55.00 to $55.23 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 stock options vested in 24 equal monthly installments beginning August 1, 2022, subject to the Reporting Person's continuous service with the Issuer as of each vesting date.
F4	The stock options 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.