Affirm (AFRM) officer settles 2,335 RSUs; 1,186 shares withheld

Affirm Holdings, Inc. (AFRM) reported an insider equity update on a Form 4.

Rhea-AI Filing Summary

Affirm Holdings, Inc. (AFRM) reported an insider equity update on a Form 4. On 11/01/2025, an officer/director settled 2,335 Restricted Stock Units into Class A Common Stock (Code M) at $0, and 1,186 shares were withheld (Code F) at $71.88 to satisfy taxes.

Following these transactions, the reporting person beneficially owned 198,533 Class A shares directly and 868,114 indirectly through the Michalek 2007 Family Trust. The filing also notes 23,358 RSUs remaining. The RSUs vest in 48 equal monthly installments beginning October 1, 2022, subject to continuous service, and the grant has no expiration date.

Insider Trade Summary

2,335 shares exercised/converted

Exercise 4 txns

Insider Michalek Libor

Role President

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units	2,335	$0.00	$0.00
Exercise	Class A Common Stock	2,335	$0.00	$0.00
Exercise Price or Tax Liability	Class A Common Stock	1,186	$71.88	$85K
holding	Class A Common Stock	--	--	--

Holdings After Transaction: Restricted Stock Units — 23,358 contracts (Direct); Class A Common Stock — 198,533 shares (Direct); Class A Common Stock — 868,114 shares (Indirect, Michalek 2007 Trust dated March 21, 2007)

Footnotes (4)

1. 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 November 1, 2025.
2. 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.
3. F3. Each Restricted Stock Unit (RSU) represents a contingent right to receive one share of the Issuer's Class A Common Stock.
4. 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.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did AFRM disclose in this Form 4?

An officer/director settled 2,335 RSUs into Class A shares and had 1,186 shares withheld at $71.88 for taxes on 11/01/2025.

How many AFRM shares are beneficially owned after the transactions?

The reporting person held 198,533 shares directly and 868,114 shares indirectly via the Michalek 2007 Family Trust.

How many RSUs remain outstanding for the reporting person at AFRM?

The filing lists 23,358 RSUs beneficially owned following the reported transactions.

What price was used for the tax withholding on AFRM shares?

The tax withholding transaction (Code F) was reported at $71.88 per share.

What is the vesting schedule for the AFRM RSUs?

The RSUs vest in 48 equal monthly installments beginning October 1, 2022, subject to continuous service.

Who holds the indirect AFRM shares?

Indirect ownership of 868,114 shares is through the Michalek 2007 Family Trust, with the reporting person and spouse as trustees.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 11/04/2025 - 04:11 PM Learn about SEC filing dates

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^*

Michalek Libor

(Last) (First) (Middle)

C/O AFFIRM HOLDINGS, INC.

650 CALIFORNIA STREET

(Street)

SAN FRANCISCO CA 94108

(City) (State) (Zip)

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
X	Officer (give title below)		Other (specify below)
	President

3. Date of Earliest Transaction (Month/Day/Year)
11/01/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	11/01/2025		M		2,335	A	$0	199,719	D
Class A Common Stock	11/01/2025		F		1,186(1)	D	$71.88	198,533	D
Class A Common Stock								868,114	I	Michalek 2007 Trust dated March 21, 2007(2)

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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units	(3)	11/01/2025		M			2,335	(4)	(4)	Class A Common Stock	2,335	$0	23,358	D

Explanation of Responses:

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 November 1, 2025.

2. 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.

3. Each Restricted Stock Unit (RSU) represents a contingent right to receive one share of the Issuer's Class A Common Stock.

4. 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.

Remarks:

	/s/ Josh Samples, Attorney-in-Fact	11/04/2025
	** 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.