Affirm Holdings, Inc. (AFRM) COO settles RSUs and withholds shares
Rhea-AI Filing Summary
Affirm Holdings, Inc. reports that Chief Operating Officer Michael Linford settled 2,335 restricted stock units (RSUs) into an equal number of Class A common shares on August 1, 2026. In connection with this vesting, 970 shares were withheld at $71.51 per share to cover tax obligations, and 2,338 RSUs remain outstanding under a grant that vests in 48 equal monthly installments beginning October 1, 2022.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 1,365 shares
Net Buy
3 txns
Insider
Linford Michael
Role
Chief Operating Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F2, F3 | 2,335 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 2,335 | $0.00 | $0.00 |
| Tax Withholding | Class A Common Stock F1 | 970 | $71.51 | $69K |
Holdings After Transaction:
Restricted Stock Units — 2,338 shares (Direct);
Class A Common Stock — 120,713 shares (Direct)
Footnotes (3)
- F1. 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 August 1, 2026.
- F2. Each Restricted Stock Unit (RSU) represents a contingent right to receive one share of the Issuer's Class A Common Stock.
- F3. 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.
Key Figures
RSUs settled: 2,335 shares
Shares withheld for taxes: 970 shares
Tax withholding price: $71.51 per share
+2 more
5 metrics
RSUs settled
2,335 shares
Restricted Stock Units converted into Class A Common Stock on August 1, 2026
Shares withheld for taxes
970 shares
Class A Common Stock withheld to satisfy tax obligations on RSU vesting
Tax withholding price
$71.51 per share
Value assigned to shares withheld for tax liability
RSUs remaining
2,338 units
RSU balance reported after the August 1, 2026 settlement
Vesting schedule
48 monthly installments
RSUs vesting beginning October 1, 2022, subject to continuous service
Key Terms
Restricted Stock Units, Class A Common Stock, tax obligation, vesting
4 terms
Restricted Stock Units financial
"Security title reported as Restricted Stock Units"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Class A Common Stock financial
"Underlying security title is Class A Common Stock"
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
tax obligation financial
"shares of Common Stock withheld to satisfy the Reporting Person's tax obligation"
vesting financial
"The RSUs vest in 48 equal monthly installments beginning October 1, 2022"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider equity transaction did AFRM executive Michael Linford report?
Affirm COO Michael Linford reported settling 2,335 RSUs into an equal number of Class A common shares on August 1, 2026. As part of this vesting event, 970 shares were withheld to satisfy his tax obligations at a price of $71.51 per share.
How many Affirm (AFRM) RSUs vested for Michael Linford in this Form 4?
The filing shows that 2,335 Restricted Stock Units (RSUs) vested and were settled into Class A common shares for Michael Linford. Each RSU represents a contingent right to receive one share of Affirm’s Class A Common Stock, according to the accompanying footnote disclosure.
What is the vesting schedule for Michael Linford’s AFRM RSU grant?
The RSU grant for Michael Linford vests in 48 equal monthly installments, beginning on October 1, 2022. Vesting on each date is conditioned on his continuous service with Affirm, and the grant is described as having no expiration date in the footnotes.
How many AFRM RSUs remain outstanding for Michael Linford after this transaction?
After the reported vesting and settlement, Linford’s derivative holdings line shows 2,338 RSUs remaining. These RSUs continue to vest monthly under the original 48-installment schedule, subject to his ongoing service with Affirm Holdings, Inc.
Were Michael Linford’s AFRM transactions marked as under a Rule 10b5-1 plan?
The document-level Rule 10b5-1 checkbox is not affirmed for this Form 4, indicating the transactions were not marked as being executed pursuant to a Rule 10b5-1 trading arrangement in the filing’s dedicated section.