Affirm (NASDAQ: AFRM) CFO details RSU vesting and tax share withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Affirm Holdings, Inc. Chief Financial Officer Robert O'Hare reported multiple equity compensation transactions dated March 1, 2026. Several blocks of restricted stock units (RSUs) were exercised or converted, consistent with their vesting schedules, each RSU representing one share of Class A common stock.
These conversions resulted in the acquisition of 18,430 shares of Class A common stock at a price of $0.0000 per share and a remaining direct holding of 10,418 shares after all transactions. In a separate transaction coded "F", 9,380 shares were disposed of at $46.98 per share to cover tax obligations tied to the RSU settlements.
Footnotes explain that different RSU grants vest in equal monthly or quarterly installments starting between 2022 and 2025, in some cases with 25% vesting on a specified date followed by 12 equal quarterly installments, all subject to O'Hare’s continued service with Affirm.
Positive
- None.
Negative
- None.
Insider Trade Summary
18,430 shares exercised/converted
Mixed
9 txns
Insider
O'Hare Robert
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 499 | $0.00 | -- |
| Exercise | Restricted Stock Units | 4,545 | $0.00 | -- |
| Exercise | Restricted Stock Units | 2,102 | $0.00 | -- |
| Exercise | Restricted Stock Units | 5,018 | $0.00 | -- |
| Exercise | Restricted Stock Units | 2,128 | $0.00 | -- |
| Exercise | Restricted Stock Units | 1,357 | $0.00 | -- |
| Exercise | Restricted Stock Units | 2,781 | $0.00 | -- |
| Exercise | Class A Common Stock | 18,430 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 9,380 | $46.98 | $441K |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct);
Class A Common Stock — 19,798 shares (Direct)
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 March 1, 2026. Each Restricted Stock Unit (RSU) represents a contingent right to receive one share of the Issuer's Class A Common Stock. With respect to the shares of Class A Common Stock underlying the RSUs, the RSUs vested in equal monthly installments from April 1, 2022 until August 1, 2023. Beginning September 1, 2023, the RSUs vest in equal quarterly installments, subject to the Reporting Person's continued employment with the Issuer as of each vesting date. This grant has no expiration date. With respect to the shares of Class A Common Stock underlying the RSUs, the RSUs vested in equal monthly installments from August 1, 2022 until August 1, 2023. Beginning September 1, 2023, the RSUs vest in equal quarterly installments, subject to the Reporting Person's continued employment with the Issuer as of each vesting date. This grant has no expiration date. With respect to the shares of Class A Common Stock underlying the RSUs, the RSUs vested in equal monthly installments from October 1, 2022 until August 1, 2023. Beginning September 1, 2023, the RSUs vest in equal quarterly installments, subject to the Reporting Person's continued employment with the Issuer as of each vesting date. This grant has no expiration date. The RSUs vest as to 25% of the shares on September 1, 2024 and the remainder vest in 12 equal quarterly installments over the subsequent three years, 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 as to 25% of the shares on September 1, 2025 and the remainder vest in 12 equal quarterly installments over the subsequent three years, subject to the Reporting Person's continuous service with the Issuer as of each vesting date. This grant has no expiration date. RSUs vest in equal quarterly installments for a period of four years beginning December 1, 2024, 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. 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.
FAQ
What transactions did AFRM CFO Robert O'Hare report on March 1, 2026?
Robert O'Hare reported several RSU exercises and related share movements on March 1, 2026. Multiple restricted stock unit awards converted into Class A common stock, and a portion of the resulting shares was withheld to satisfy tax obligations associated with these equity settlements.
What do Robert O'Hare’s restricted stock units (RSUs) represent at Affirm (AFRM)?
Each restricted stock unit reported for Robert O'Hare represents a contingent right to receive one share of Affirm’s Class A common stock. RSU settlements convert these rights into actual shares as vesting conditions tied to his continued employment are satisfied.
What are the key vesting schedules for Robert O'Hare’s RSUs at Affirm (AFRM)?
Different RSU grants vest on varying schedules. Some vested in equal monthly installments through August 1, 2023, then in equal quarterly installments beginning September 1, 2023. Others vest 25% on specified September 1 dates, with remaining shares vesting in 12 equal quarterly installments thereafter.
How long do Robert O'Hare’s RSU grants at Affirm (AFRM) remain outstanding?
The footnotes state that each of the RSU grants described has no expiration date. They vest over time according to their respective monthly or quarterly schedules, contingent on O'Hare’s continued service with Affirm on each vesting date.