Affirm COO has shares withheld as RSUs vest
Affirm Holdings, Inc. Chief Operating Officer Michael Linford reported routine equity compensation activity involving vested restricted stock units on Class A Common Stock.
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Form Type
4
Rhea-AI Filing Summary
Affirm Holdings, Inc. Chief Operating Officer Michael Linford reported routine equity compensation activity involving vested restricted stock units on Class A Common Stock. On June 1, 2026, RSU vesting led to the acquisition of 11,717 shares, while 4,666 shares were withheld at a price of $72.91 to cover tax obligations.
Following these transactions, Linford directly held 117,984 shares of Class A Common Stock. Footnotes explain that each RSU converts into one share and describe multi-year vesting schedules, with installments vesting monthly or quarterly as long as he remains in continuous service with the company.
Insider Trade Summary
11,717 shares exercised/converted
Exercise
5 txns
Insider
Linford Michael
Role
Chief Operating Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 2,335 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 5,674 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 3,708 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 11,717 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Class A Common Stock | 4,666 | $72.91 | $340K |
Holdings After Transaction:
Restricted Stock Units — 91,442 contracts (Direct);
Class A Common Stock — 117,984 shares (Direct)
Footnotes (5)
- 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 June 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.
- F4. The RSUs vest in 16 equal quarterly installments beginning September 1, 2025, subject to the Reporting Person's continuous service with the Issuer as of each vesting date. This grant has no expiration date.
- F5. The RSUs vest in equal quarterly installments for a period of three years beginning December 1, 2025, the vesting commencement date, subject to the Reporting Person's continued employment with the Issuer as of each vesting date.
Key Figures
Shares withheld for taxes: 4,666 shares at $72.91
Shares acquired from RSU vesting: 11,717 shares
Direct holdings after transaction: 117,984 shares
+3 more
6 metrics
Shares withheld for taxes
4,666 shares at $72.91
Class A Common Stock withheld to satisfy tax obligation on June 1, 2026
Shares acquired from RSU vesting
11,717 shares
Class A Common Stock from derivative exercise/conversion on June 1, 2026
Direct holdings after transaction
117,984 shares
Class A Common Stock directly held by Michael Linford after June 1, 2026
Monthly vesting schedule
48 equal installments
RSUs vest monthly beginning October 1, 2022, subject to continuous service
Quarterly vesting schedule
16 equal installments
RSUs vest quarterly beginning September 1, 2025, subject to continuous service
Three-year quarterly vesting
3-year period
RSUs vest quarterly over three years beginning December 1, 2025
Key Terms
Restricted Stock Unit (RSU), tax obligation, vesting, Class A Common Stock
4 terms
Restricted Stock Unit (RSU) financial
"Each Restricted Stock Unit (RSU) represents a contingent right to receive one share of the Issuer's Class A Common Stock."
A restricted stock unit (RSU) is a promise from a company to give an employee company shares (or cash equal to their value) at a future date if certain conditions are met, such as staying with the company or hitting performance targets. For investors, RSUs matter because when they convert into actual shares they increase the number of shares available and can create selling pressure as employees cash out—think of them as a future paycheck paid in company stock.
tax obligation financial
"shares of the Issuer's Common Stock withheld to satisfy the Reporting Person's tax obligation in connection with the settlement"
vesting financial
"The RSUs vest in 48 equal monthly installments beginning October 1, 2022, subject to the Reporting Person's continuous service"
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.
Class A Common Stock financial
"Each Restricted Stock Unit (RSU) represents a contingent right to receive one share of the Issuer's 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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did AFRM COO Michael Linford report?
Michael Linford reported RSU-related transactions that converted into Class A Common Stock and a tax-withholding disposition. RSUs vested into 11,717 shares, while 4,666 shares were withheld to satisfy tax obligations, leaving him with 117,984 directly held shares afterward.
What RSU vesting schedules apply to AFRM COO Michael Linford?
Several RSU grants vest over time. One vests in 48 equal monthly installments starting October 1, 2022. Another vests in 16 equal quarterly installments starting September 1, 2025, and a third vests quarterly over three years beginning December 1, 2025.
What does the $72.91 price in Michael Linford’s Form 4 represent?
The $72.91 figure is the price per share used for the 4,666 shares withheld to cover Michael Linford’s tax obligation. These shares relate to RSUs that settled into common stock when they vested on June 1, 2026, according to the filing footnotes.
How do RSUs convert into Affirm (AFRM) Class A Common Stock for the COO?
Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock. As RSUs vest according to their monthly or quarterly schedules, they settle into shares, which may trigger associated tax-withholding share dispositions.
AI-generated analysis. How Rhea-AI works. Not financial advice.
