Affirm (AFRM) president logs RSU vesting and tax share withholding
Rhea-AI Filing Summary
Affirm Holdings President Libor Michalek reported routine equity compensation activity involving Class A Common Stock and restricted stock units. On July 1, 2026, 2,336 restricted stock units converted into 2,336 shares of Class A Common Stock, reflecting vesting of a prior RSU grant.
To cover associated tax obligations, 1,189 shares of Class A Common Stock were withheld at $83.85 per share, a non-market tax-withholding disposition rather than an open-market sale. Following these transactions, Michalek directly held 223,751 shares of Class A Common Stock and 4,673 RSUs, and an additional 868,114 shares were held indirectly through the Michalek 2007 Family Trust, for which he and his spouse serve as trustees.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 1,147 shares
Net Buy
4 txns
Insider
Michalek Libor
Role
President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 2,336 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 2,336 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Class A Common Stock | 1,189 | $83.85 | $100K |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 4,673 shares (Direct);
Class A Common Stock — 223,751 shares (Direct);
Class A Common Stock — 868,114 shares (Indirect, Michalek 2007 Trust dated March 21, 2007)
Footnotes (4)
- 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 July 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.
Key Figures
RSUs vested: 2,336 shares
Tax withholding shares: 1,189 shares at $83.85
Direct holdings after transaction: 223,751 shares
+2 more
5 metrics
RSUs vested
2,336 shares
Restricted stock units converted to Class A Common Stock on July 1, 2026
Tax withholding shares
1,189 shares at $83.85
Shares withheld to satisfy tax obligations on RSU vesting
Direct holdings after transaction
223,751 shares
Class A Common Stock directly owned by Libor Michalek after transactions
Indirect trust holdings
868,114 shares
Class A Common Stock held by Michalek 2007 Family Trust
Outstanding RSUs after vesting
4,673 RSUs
Remaining restricted stock units following July 1, 2026 vesting event
Key Terms
Restricted Stock Unit, tax-withholding disposition, derivative exercise/conversion, indirect ownership
4 terms
Restricted Stock Unit financial
"Each Restricted Stock Unit (RSU) represents a contingent right to receive one share..."
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
tax-withholding disposition financial
"Payment of exercise price or tax liability by delivering securities"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
derivative exercise/conversion financial
"Exercise or conversion of derivative security"
indirect ownership financial
"The shares are held by the Michalek 2007 Family Trust dated March 21, 2007."
FAQ
What did Affirm (AFRM) President Libor Michalek report in this Form 4 filing?
Libor Michalek reported routine equity compensation activity, including RSU vesting and related tax withholding. 2,336 restricted stock units converted into Class A shares, and 1,189 shares were withheld to satisfy tax obligations, without indicating any open-market stock purchases or sales.
How many restricted stock units vested for Affirm (AFRM) President Libor Michalek?
A total of 2,336 restricted stock units vested and converted into 2,336 shares of Class A Common Stock. These RSUs are part of a grant that vests in 48 equal monthly installments, conditioned on Michalek’s continued service with Affirm.
How many restricted stock units remain outstanding for Libor Michalek at Affirm (AFRM)?
After the July 1, 2026 vesting event, Michalek had 4,673 restricted stock units outstanding. Each RSU represents a contingent right to receive one share of Affirm’s Class A Common Stock, subject to continued service and the monthly vesting schedule.
Does this Affirm (AFRM) Form 4 indicate an open-market stock sale by Libor Michalek?
The filing shows a tax-withholding disposition of 1,189 shares, not an open-market sale. Shares were withheld by Affirm to satisfy Michalek’s tax obligations tied to RSU vesting, a common administrative mechanism in equity compensation programs.
AI-generated analysis. How Rhea-AI works. Not financial advice.
