Libor Michalek - Nov 18, 2024 Form 4 Insider Report for Affirm Holdings, Inc. (AFRM)

Role: President, Director
Signature: /s/ Josh Samples, Attorney-in-Fact
Stock symbol: AFRM
Transactions as of: Nov 18, 2024
Transactions value $: -$6,680,534
Form type: 4
Date filed: 11/20/2024, 06:03 PM
Previous filing: Nov 5, 2024
Next filing: Nov 22, 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	AFRM	Class A Common Stock	Options Exercise	$204K	+100K	+62.72%	$2.04	259K	Nov 18, 2024	Direct	F1
transaction	AFRM	Class A Common Stock	Sale	-$6.2M	-100K	-38.54%	$62.00	159K	Nov 18, 2024	Direct	F1
transaction	AFRM	Class A Common Stock	Gift	$0	-4K	-0.46%	$0.00	868K	Nov 18, 2024	Michalek 2007 Trust dated March 21, 2007	F2
transaction	AFRM	Class A Common Stock	Options Exercise	$22.5K	+11K	+6.93%	$2.04	170K	Nov 19, 2024	Direct	F1
transaction	AFRM	Class A Common Stock	Sale	-$707K	-11K	-6.48%	$64.00	159K	Nov 19, 2024	Direct	F1, F3

Showing 1 to 5 of 5 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	-100K	-50%	$0.00	100K	Nov 18, 2024	Class A Common Stock	100K	$2.04	Direct	F1, F4
transaction	AFRM	Stock Option (Right to Buy)	Options Exercise	$0	-11K	-11.05%	$0.00	89K	Nov 19, 2024	Class A Common Stock	11K	$2.04	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 December 13, 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	Represents the weighted average sale price of the shares sold from $64.00 to $64.01 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.
F4	The stock option vested monthly at the rate of 1/48 of the shares of Class A Common Stock underlying the stock option following October 9, 2017, the vesting commencement date, subject to continued service with the Issuer.