Libor Michalek - 20 Nov 2024 Form 4 Insider Report for Affirm Holdings, Inc. (AFRM)

Role
President, Director
Signature
/s/ Josh Samples, Attorney-in-Fact
Issuer symbol
AFRM
Transactions as of
20 Nov 2024
Net transactions value
-$11,238,634
Form type
4
Filing time
22 Nov 2024, 18:02:05 UTC
Previous filing
20 Nov 2024
Next filing
26 Nov 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 $157,294 +77,105 +48% $2.04 236,554 20 Nov 2024 Direct F1
transaction AFRM Class A Common Stock Sale $4,940,888 -77,105 -33% $64.08 159,449 20 Nov 2024 Direct F1, F2
transaction AFRM Class A Common Stock Options Exercise $24,168 +11,847 +7.4% $2.04 171,296 21 Nov 2024 Direct F1
transaction AFRM Class A Common Stock Options Exercise $880,000 +100,000 +58% $8.80 271,296 21 Nov 2024 Direct F1
transaction AFRM Class A Common Stock Sale $758,208 -11,847 -4.4% $64.00 259,449 21 Nov 2024 Direct F1
transaction AFRM Class A Common Stock Sale $6,601,000 -100,000 -39% $66.01 159,449 21 Nov 2024 Direct F1, F3
holding AFRM Class A Common Stock 868,114 20 Nov 2024 Michalek 2007 Trust dated March 21, 2007 F4

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 -77,105 -87% $0.000000 11,847 20 Nov 2024 Class A Common Stock 77,105 $2.04 Direct F1, F5
transaction AFRM Stock Option (Right to Buy) Options Exercise $0 -11,847 -100% $0.000000 0 21 Nov 2024 Class A Common Stock 11,847 $2.04 Direct F1, F5
transaction AFRM Stock Option (Right to Buy) Options Exercise $0 -100,000 -17% $0.000000 500,000 21 Nov 2024 Class A Common Stock 100,000 $8.80 Direct F1, F6
* 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 Represents the weighted average sale price of the shares sold from $64.00 to $64.31 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 Represents the weighted average sale price of the shares sold from $66.00 to $66.19 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 shares are held by the Michalek 2007 Family Trust dated March 21, 2007. The Reporting Person and his spouse are trustees of the trust.
F5 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.
F6 The stock options vest monthly at the rate of 1/48 of the shares of Class A Common Stock underlying the stock option following December 4, 2019, the vesting commencement date, subject to continued service with the Issuer.