Affirm (AFRM) COO RSUs vest; shares withheld to cover taxes

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

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

Mixed 5 txns

Insider Linford Michael

Role Chief Operating Officer

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units	2,335	$0.00	--
Exercise	Restricted Stock Units	5,674	$0.00	--
Exercise	Restricted Stock Units	3,708	$0.00	--
Exercise	Class A Common Stock	11,717	$0.00	--
Tax Withholding	Class A Common Stock	4,666	$72.91	$340K

Holdings After Transaction: Restricted Stock Units — 7,009 shares (Direct, null); Class A Common Stock — 122,650 shares (Direct, null)

Footnotes (1)

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. Each Restricted Stock Unit (RSU) represents a contingent right to receive one share of the Issuer's Class A Common Stock. 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. 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. 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.

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Form 4 Insider Transactions: What Each Field Means →

06/03/2026 - 04:08 PM

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a 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). See Instruction 10.

1. Name and Address of Reporting Person^*

Linford Michael

(Last)

(First)

(Middle)

C/O AFFIRM HOLDINGS, INC.

650 CALIFORNIA STREET

(Street)

SAN FRANCISCO

CALIFORNIA

94108

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Affirm Holdings, Inc. [ AFRM ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Chief Operating Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/01/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Class A Common Stock	06/01/2026		M		11,717	A	$0	122,650	D
Class A Common Stock	06/01/2026		F		4,666⁽¹⁾	D	$72.91	117,984	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Restricted Stock Units	⁽²⁾	06/01/2026		M			2,335	⁽³⁾	⁽³⁾	Class A Common Stock	2,335	$0	7,009	D
Restricted Stock Units	⁽²⁾	06/01/2026		M			5,674	⁽⁴⁾	⁽⁴⁾	Class A Common Stock	5,674	$0	51,067	D
Restricted Stock Units	⁽²⁾	06/01/2026		M			3,708	⁽⁵⁾	⁽⁵⁾	Class A Common Stock	3,708	$0	33,366	D

Explanation of Responses:

1. 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.

2. Each Restricted Stock Unit (RSU) represents a contingent right to receive one share of the Issuer's Class A Common Stock.

3. 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.

4. 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.

5. 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.

Remarks:

	/s/ Josh Samples, Attorney-in-Fact	06/03/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

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.

Did AFRM COO Michael Linford sell shares in the open market?

No open-market sale was reported. The 4,666-share disposition was for tax withholding, where shares were withheld at $72.91 each to satisfy tax obligations tied to vested RSUs, rather than an elective market sale for investment reasons.

How many Affirm (AFRM) shares does Michael Linford hold after these transactions?

After the June 1, 2026 transactions, Michael Linford directly holds 117,984 shares of Class A Common Stock. This reflects RSU conversions to stock and shares withheld for taxes, as disclosed in the Form 4 filing’s ownership totals.

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.