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 | -77.1K | -86.68% | $0.00 | 11.8K | Nov 20, 2024 | Class A Common Stock | 77.1K | $2.04 | Direct | F1, F5 |
transaction | AFRM | Stock Option (Right to Buy) | Options Exercise | $0 | -11.8K | -100% | $0.00 | 0 | Nov 21, 2024 | Class A Common Stock | 11.8K | $2.04 | Direct | F1, F5 |
transaction | AFRM | Stock Option (Right to Buy) | Options Exercise | $0 | -100K | -16.67% | $0.00 | 500K | Nov 21, 2024 | Class A Common Stock | 100K | $8.80 | Direct | F1, F6 |
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).
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. |