Quick Takeaways
- This page summarizes Libor Michalek's Form 4 filing for Affirm Holdings, Inc. (AFRM).
- 9 reported transactions and 3 derivative rows are listed below.
- Filing timestamp: 22 Nov 2024, 18:02.
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
Quoteable Key Fact
"Libor Michalek filed Form 4 for Affirm Holdings, Inc. (AFRM) on 22 Nov 2024."
What Changed
- Previous filing in this sequence was filed on 20 Nov 2024.
- Current net transaction value: -$11,238,634.
Why This Matters
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Official SEC Source
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. |