Libor Michalek - 29 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
29 Nov 2024
Net transactions value
-$676,611
Form type
4
Filing time
03 Dec 2024, 18:06:41 UTC
Previous filing
26 Nov 2024
Next filing
06 Dec 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 $25,054 +2,847 +1.8% $8.80 162,296 29 Nov 2024 Direct F1
transaction AFRM Class A Common Stock Sale $199,290 -2,847 -1.8% $70.00 159,449 29 Nov 2024 Direct F1
transaction AFRM Class A Common Stock Options Exercise $0 +2,336 +1.5% $0.000000 161,785 01 Dec 2024 Direct
transaction AFRM Class A Common Stock Tax liability $82,892 -1,184 -0.73% $70.01 160,601 01 Dec 2024 Direct F2
transaction AFRM Class A Common Stock Options Exercise $58,335 +6,629 +4.1% $8.80 167,230 02 Dec 2024 Direct F1
transaction AFRM Class A Common Stock Sale $477,818 -6,629 -4% $72.08 160,601 02 Dec 2024 Direct F1, F3
holding AFRM Class A Common Stock 868,114 29 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 -2,847 -0.94% $0.000000 300,000 29 Nov 2024 Class A Common Stock 2,847 $8.80 Direct F1, F5
transaction AFRM Restricted Stock Units Options Exercise $0 -2,336 -4.5% $0.000000 49,048 01 Dec 2024 Class A Common Stock 2,336 Direct F6, F7
transaction AFRM Stock Option (Right to Buy) Options Exercise $0 -6,629 -2.2% $0.000000 293,371 02 Dec 2024 Class A Common Stock 6,629 $8.80 Direct F1, F8
* 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 sales 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 number of shares of the Issuer's Common Stock withheld to satisfy the Reporting Person's tax obligation in connection with the settlement of shares of Common Stock underlying the Reporting Person's restricted stock units that vested on December 1, 2024.
F3 Represents the weighted average sale price of the shares sold from $72.00 to $72.08 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 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.
F6 Each Restricted Stock Unit (RSU) represents a contingent right to receive one share of the Issuer's Class A Common Stock.
F7 The RSUs 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. This grant has no expiration date.
F8 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. The Reporting Person can elect to exercise the stock options at any time, provided that the shares acquired upon exercise remain subject to the applicable vesting schedule.