Affirm President settles RSUs into 11,362 shares
Affirm Holdings, Inc. President Libor Michalek reported RSU vesting on March 1, 2026, settling 11,362 Class A common shares.
Accepted by SEC EDGAR
Learn about SEC filing dates
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Form Type
4
Rhea-AI Filing Summary
Affirm Holdings, Inc. President Libor Michalek reported RSU vesting on March 1, 2026, settling 11,362 Class A common shares. Of these, 4,079 shares at $46.98 were withheld to satisfy tax obligations. After the transactions he directly held 214,280 common shares and 104,284 RSUs, plus 868,114 shares indirectly through the Michalek 2007 Family Trust.
Insider Trade Summary
11,362 shares exercised/converted
Exercise
5 txns
Insider
Michalek Libor
Role
President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 2,336 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 3,707 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 5,319 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 11,362 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Class A Common Stock | 4,079 | $46.98 | $192K |
| Holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 104,284 contracts (Direct);
Class A Common Stock — 214,280 shares (Direct);
Class A Common Stock — 868,114 shares (Indirect, Michalek 2007 Trust dated March 21, 2007)
Footnotes (6)
- 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 March 1, 2026.
- F2. The shares are held by the Michalek 2007 Family Trust dated March 21, 2007. The Reporting Person and his spouse are trustees of the trust.
- F3. Each Restricted Stock Unit (RSU) represents a contingent right to receive one share of the Issuer's Class A Common Stock.
- F4. 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.
- F5. 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. This grant has no expiration date.
- F6. 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.
Key Figures
RSU shares settled: 11,362 shares
Shares withheld for taxes: 4,079 shares
Tax withholding price: $46.98 per share
+3 more
6 metrics
RSU shares settled
11,362 shares
Class A Common Stock from RSU vesting on March 1, 2026
Shares withheld for taxes
4,079 shares
Tax-withholding disposition of Class A shares at $46.98 per share
Tax withholding price
$46.98 per share
Per-share value used for shares withheld to satisfy tax obligations
Direct common share holdings
214,280 shares
Post-transaction direct Class A Common Stock held by Libor Michalek
Direct RSU holdings
104,284 RSUs
Post-transaction Restricted Stock Units held directly by Libor Michalek
Indirect trust holdings
868,114 shares
Class A Common Stock held via the Michalek 2007 Family Trust
Key Terms
Restricted Stock Units, Class A Common Stock, tax obligation, vesting commencement date
4 terms
Restricted Stock Units financial
"The RSUs vest in 48 equal monthly installments beginning October 1, 2022."
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
"Each Restricted Stock Unit (RSU) represents a contingent right to receive one share of 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 were withheld to satisfy the Reporting Person's tax obligation in connection with RSU settlement."
vesting commencement date financial
"RSUs vest in equal quarterly installments for three years beginning December 1, 2025, the vesting commencement date."
The vesting commencement date is the starting point when an employee begins earning ownership rights to their promised benefits, such as stock options or retirement contributions. Think of it like the day a savings account is opened—only after this date do the benefits start to grow and become fully available over time. It matters to investors because it marks when the clock begins ticking toward full ownership, affecting the timing and value of these benefits.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did AFRM President Libor Michalek report in this Form 4 filing?
Libor Michalek reported RSU vesting that settled 11,362 Affirm Class A shares on March 1, 2026, with 4,079 shares withheld to cover taxes. He also reported updated direct and indirect share and RSU holdings after these equity compensation events.
What are Libor Michalek’s post-transaction direct holdings in AFRM stock and RSUs?
After the reported transactions, Libor Michalek directly held 214,280 shares of Affirm Class A Common Stock and 104,284 Restricted Stock Units. These figures reflect his updated direct ownership following the March 1, 2026 RSU vesting and associated tax-withholding disposition.
What are the key vesting terms for Libor Michalek’s RSUs at Affirm (AFRM)?
One RSU grant vests in 48 equal monthly installments beginning October 1, 2022. Other RSU grants vest in equal quarterly installments over three years from December 1, 2025 and in 16 equal quarterly installments beginning September 1, 2025, subject to continued service.
AI-generated analysis. How Rhea-AI works. Not financial advice.
