Affirm CLO reports RSU vesting and tax withholding
Affirm Holdings, Inc. Chief Legal Officer Katherine Adkins reported routine equity compensation activity involving restricted stock units.
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Form Type
4
Rhea-AI Filing Summary
Affirm Holdings, Inc. Chief Legal Officer Katherine Adkins reported routine equity compensation activity involving restricted stock units. On July 1, 2026, 1,402 RSUs converted into an equal number of Class A Common shares. Of these, 635 shares were withheld to cover her tax obligation, a non-market disposition rather than an open-market sale. Following these transactions, she held 145,873 Class A Common shares directly. The RSU grant vests in 48 equal monthly installments beginning October 1, 2022, conditioned on her continued service with the company.
Insider Trade Summary
1,402 shares exercised/converted
Exercise
3 txns
Insider
Adkins Katherine
Role
Chief Legal Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 1,402 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 1,402 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Class A Common Stock | 635 | $83.85 | $53K |
Holdings After Transaction:
Restricted Stock Units — 2,804 contracts (Direct);
Class A Common Stock — 145,873 shares (Direct)
Footnotes (3)
- 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. Each Restricted Stock Unit (RSU) represents a contingent right to receive one share of the Issuer's Class A Common Stock.
- F3. 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 Converted: 1,402 shares
Shares Withheld for Taxes: 635 shares
Post-transaction Holdings: 145,873 shares
+3 more
6 metrics
RSUs Converted
1,402 shares
RSUs converted to Class A Common Stock on July 1, 2026
Shares Withheld for Taxes
635 shares
Shares withheld to satisfy tax obligation on RSU vesting
Post-transaction Holdings
145,873 shares
Class A Common Stock held directly after transactions
RSU Vesting Schedule
48 monthly installments
Vesting begins October 1, 2022, subject to continuous service
Tax Withholding Share Price
$83.85 per share
Value used for 635-share tax-withholding disposition
RSU Conversion Price
$0.00 per unit
RSUs convert to Class A Common Stock at no cash exercise price
Key Terms
Restricted Stock Units, tax obligation, vested, Class A Common Stock, +2 more
6 terms
Restricted Stock Units financial
"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"
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.
tax obligation financial
"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"
vested financial
"restricted stock units that vested on July 1, 2026"
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.
contingent right financial
"Each Restricted Stock Unit (RSU) represents a contingent right to receive one share"
continuous service financial
"subject to the Reporting Person's continuous service with the Issuer as of each vesting date"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did AFRM Chief Legal Officer Katherine Adkins report?
Katherine Adkins reported RSU-related transactions where 1,402 restricted stock units vested into Class A Common shares. Of these, 635 shares were withheld to satisfy tax obligations, and the remainder increased her direct ownership position as part of routine equity compensation.
Did Katherine Adkins execute an open-market sale of AFRM stock in this Form 4?
No, the Form 4 shows no open-market sale. It reports 635 shares withheld to pay taxes on vested RSUs, which is a non-market tax-withholding disposition, and 1,402 shares acquired through RSU conversion into Class A Common Stock.
What are the terms of Katherine Adkins’ RSU grant at Affirm (AFRM)?
Her RSU grant vests in 48 equal monthly installments beginning October 1, 2022. Each Restricted Stock Unit represents a contingent right to receive one share of Affirm’s Class A Common Stock, subject to her continuous service through each monthly vesting date.
What type of securities were involved in Katherine Adkins’ AFRM Form 4 filing?
The filing involves Affirm Class A Common Stock and Restricted Stock Units. The RSUs each convert into one share of Class A Common Stock as they vest monthly, with a portion of the resulting shares withheld to meet Adkins’ tax obligations on the vesting event.
AI-generated analysis. How Rhea-AI works. Not financial advice.
