GIC Private Ltd - 11 Dec 2023 Form 4 Insider Report for Affirm Holdings, Inc. (AFRM)

Source evidence Original filing metadata and source links for verification. 5 source fields
SEC form
4
Accepted by SEC
13 Dec 2023, 17:21:42 UTC
Prior SEC filing
07 Jul 2023
Next SEC filing
02 Oct 2024
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
GIC Private Ltd, By: /s/ Toh Tze Meng, Name: Toh Tze Meng, Title: Senior Vice President

Key filing fact

GIC Private Ltd filed Form 4 for Affirm Holdings, Inc. (AFRM) on 13 Dec 2023.

Key facts

  • This page summarizes GIC Private Ltd's Form 4 filing for Affirm Holdings, Inc. (AFRM).
  • 5 reported transactions and 0 derivative rows are listed below.
  • Accepted by SEC: 13 Dec 2023, 17:21.

Change

  • Previous filing in this sequence was filed on 07 Jul 2023.
  • Current net transaction value: -$116,310,565.

Research use

  • 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.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

AFRM transaction

Class A Common Stock

Sale

Transaction value
$5,249,867
Shares
-135,008
Change %
-3%
Price
$38.89
Shares after
4,364,506
Date
11 Dec 2023
Ownership
Direct
Footnotes
F1
AFRM transaction

Class A Common Stock

Sale

Transaction value
$57,068,262
Shares
-1,438,263
Change %
-33%
Price
$39.68
Shares after
2,926,243
Date
11 Dec 2023
Ownership
Direct
Footnotes
F2
AFRM transaction

Class A Common Stock

Sale

Transaction value
$45,613,356
Shares
-1,133,161
Change %
-39%
Price
$40.25
Shares after
1,793,082
Date
11 Dec 2023
Ownership
Direct
Footnotes
F3
AFRM transaction

Class A Common Stock

Sale

Transaction value
$4,638,210
Shares
-111,866
Change %
-6.2%
Price
$41.46
Shares after
1,681,216
Date
11 Dec 2023
Ownership
Direct
Footnotes
F4
AFRM transaction

Class A Common Stock

Sale

Transaction value
$3,740,868
Shares
-88,293
Change %
-5.3%
Price
$42.37
Shares after
1,592,923
Date
11 Dec 2023
Ownership
Direct
Footnotes
F5
AFRM holding

Class A Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
11,925,398
Date
11 Dec 2023
Ownership
See Footnotes
Footnotes
F6, F7, F8
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Section 16 status

GIC Private Ltd is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.

Explanation of responses 8 footnotes

Footnote F1

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $38.6501 to $38.9985, inclusive. Each Reporting Person undertakes to provide to Affirm Holdings Inc. (the "Issuer"), any security holder of Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes (1) through (5) to this Form 4.

Footnote F2

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $39 to $39.9600, inclusive.

Footnote F3

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $40 to $40.9988, inclusive.

Footnote F4

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $41 to $40.8700, inclusive.

Footnote F5

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $42 to $42.5900, inclusive.

Footnote F6

Includes 37,651 shares received on November 17, 2023 in a pro rata distribution exempt from reporting when received.

Footnote F7

These securities are owned by Jasmine Ventures Pte Ltd ("Jasmine Ventures") and certain other wholly-owned special purpose vehicles (the "SPVs"). Jasmine Ventures and the SPVs shares the power to vote and the power to dispose of the shares of Class A common stock with GIC Special Investments Pte. Ltd. ("GIC SI"), and GIC Private Limited ("GIC PL") both of which are private limited companies incorporated in Singapore. GIC SI is wholly owned by GIC PL and is the private equity investment arm of GIC PL. GIC PL is wholly owned by the Government of Singapore and was set up with the sole purpose of managing Singapore's foreign reserves. The Government of Singapore disclaims beneficial ownership of these securities.

Footnote F8

The Reporting Person disclaims beneficial ownership of the securities except to the extent of its pecuniary interest therein, and this report shall not be deemed an admission that such Reporting Person is the beneficial owner of the shares for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.

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