Katherine Adkins - Jul 1, 2021 Form 4 Insider Report for Affirm Holdings, Inc. (AFRM)

Role: Chief Legal Officer
Signature: /s/ David Ritenour, Attorney-in-Fact
Stock symbol: AFRM
Transactions as of: Jul 1, 2021
Transactions value $: $0
Form type: 4
Date filed: 7/6/2021, 09:23 PM
Next filing: Aug 3, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	AFRM	Class A Common Stock	Options Exercise		+2.49K	+65.25%		6.31K	Jul 1, 2021	Direct	F1
transaction	AFRM	Class A Common Stock	Tax liability	$0	-1.13K	-17.89%	$0.00	5.18K	Jul 1, 2021	Direct	F2

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	Restricted Stock Units	Options Exercise	$0	-2.33K	-7.14%	$0.00	30.2K	Jul 1, 2021	Class A Common Stock	2.33K		Direct	F1, F3
transaction	AFRM	Restricted Stock Units	Options Exercise	$0	-165	-2.08%	$0.00	7.78K	Jul 1, 2021	Class A Common Stock	165		Direct	F1, F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Each Restricted Stock Unit represents a contingent right to receive one share of the Issuer's Class A Common Stock.
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 July 1, 2021.
F3	The restricted stock units vest in 24 equal monthly installments after August 16, 2020, subject to the Reporting Person's continuous service with the Issuer as of each vesting date.
F4	The restricted stock units vest in 48 equal monthly installments after June 1, 2021, subject to the Reporting Person's continuous service with the Issuer as of each vesting date. This grant has no expiration date.