What does the Form 4 footnote reveal about the Affirm (AFRM) share transfer?

The footnote explains the transfer represents shares moved to Quarles’ former spouse under a divorce settlement agreement. It notes the transfer was for no consideration and that she no longer beneficially owns the securities that were transferred in this personal transaction.

Director at Affirm (AFRM) transfers 53,697 shares to former spouse

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Affirm Holdings director Christa S. Quarles reported a personal share transfer tied to a divorce settlement. On April 7, 2026, 53,697 shares of Class A Common Stock were transferred to her former spouse for no consideration, and she no longer beneficially owns those shares. Following the transfer, she directly holds 68,661 shares of Class A Common Stock.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Quarles Christa S

Role Director

Type	Security	Shares	Price	Value
Other	Class A Common Stock	53,697	$0.00	--

Holdings After Transaction: Class A Common Stock — 68,661 shares (Direct)

Footnotes (1)

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Key Figures

Shares transferred: 53,697 shares Shares held after transaction: 68,661 shares Transaction price: $0.00 per share

3 metrics

Shares transferred 53,697 shares Class A Common Stock transferred to former spouse on April 7, 2026

Shares held after transaction 68,661 shares Direct holdings of Christa S. Quarles following transfer

Transaction price $0.00 per share Transfer for no consideration under divorce settlement

Key Terms

Class A Common Stock, divorce settlement agreement, beneficially owns, Form 4

4 terms

Class A Common Stock financial

"Represents a transfer of shares of Class A Common Stock to the reporting person's former spouse"

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.

divorce settlement agreement financial

"Represents a transfer of shares to the reporting person's former spouse pursuant to a divorce settlement agreement"

beneficially owns financial

"The reporting person no longer beneficially owns the securities transferred"

Beneficially owns means a person or entity enjoys the economic benefits and control of a security even if the legal title or registration is held in another name. Think of it like having the keys and profits from a car that is registered to a friend: you use it, benefit from it, and make decisions about it even though the official paperwork lists someone else. For investors, this matters because it reveals who truly controls shares, affects voting power, potential conflicts of interest, and regulatory disclosure obligations.

Form 4 regulatory

"described in the Form 4 filing for the reporting person"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

Form 4 Insider Transactions: What Each Field Means →

04/09/2026 - 04:00 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^*

Quarles Christa S

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/07/2026

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	04/07/2026		J⁽¹⁾		53,697	D	$0⁽¹⁾	68,661	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)

Explanation of Responses:

1. Represents a transfer of shares to the reporting person's former spouse pursuant to a divorce settlement agreement. The transfer was for no consideration. The reporting person no longer beneficially owns the securities transferred.

Remarks:

	/s/ Josh Samples, Attorney-in-Fact	04/09/2026
	** 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 transaction did Affirm (AFRM) disclose for Christa S. Quarles?

Affirm disclosed that director Christa S. Quarles transferred 53,697 Class A shares to her former spouse. The transfer was part of a divorce settlement agreement and involved no payment, reducing her beneficial ownership but not representing a market trade.

Did Christa S. Quarles sell Affirm (AFRM) shares on the open market?

No, Christa S. Quarles did not sell shares on the open market. She transferred 53,697 Class A shares to her former spouse for no consideration under a divorce settlement, so the move reflects a personal restructuring, not a trading decision.

How many Affirm (AFRM) shares does Christa S. Quarles hold after the transfer?

After the transfer, Christa S. Quarles directly holds 68,661 shares of Affirm Class A Common Stock. She no longer beneficially owns the 53,697 shares transferred to her former spouse pursuant to the divorce settlement agreement described in the Form 4 filing.

Does the Christa S. Quarles transaction indicate bullish or bearish sentiment on Affirm (AFRM)?

The transaction does not clearly signal bullish or bearish sentiment. It reflects a personal share transfer to a former spouse for no consideration as part of a divorce settlement, rather than a voluntary open-market purchase or sale based on views of Affirm’s prospects.