Affirm (NASDAQ: AFRM) CLO nets shares after RSU vesting and tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Affirm Holdings Chief Legal Officer Katherine Adkins reported routine equity compensation activity. On April 1, 2026, 1,401 Restricted Stock Units converted into 1,401 shares of Class A Common Stock at $0.00 per share, reflecting RSU vesting. Of these, 634 shares at $45.54 per share were withheld to cover tax obligations, rather than sold in the market. After these transactions, she directly held 138,542 shares of Class A Common Stock and 7,008 RSUs. Each RSU represents a right to receive one share of Class A Common Stock, vesting in 48 equal monthly installments that began on October 1, 2022, subject to continued service.
Positive
- None.
Negative
- None.
Insider Trade Summary
1,401 shares exercised/converted
Mixed
3 txns
Insider
Adkins Katherine
Role
Chief Legal Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 1,401 | $0.00 | -- |
| Exercise | Class A Common Stock | 1,401 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 634 | $45.54 | $29K |
Holdings After Transaction:
Restricted Stock Units — 7,008 shares (Direct);
Class A Common Stock — 139,176 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 April 1, 2026. Each Restricted Stock Unit (RSU) represents a contingent right to receive one share of the Issuer's Class A Common Stock. 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 exercised: 1,401 RSUs
Shares withheld for taxes: 634 shares at $45.54
Shares held after transaction: 138,542 shares
+3 more
6 metrics
RSUs exercised
1,401 RSUs
Converted into Class A Common Stock on April 1, 2026
Shares withheld for taxes
634 shares at $45.54
Withheld to satisfy tax obligation on April 1, 2026
Shares held after transaction
138,542 shares
Direct Class A Common Stock ownership following transactions
RSUs outstanding after transaction
7,008 RSUs
Restricted Stock Units remaining after April 1, 2026 vesting
RSU vesting schedule
48 monthly installments
Vesting began October 1, 2022, subject to continuous service
Exercise price per RSU
$0.00 per share
Conversion of RSUs into Class A Common Stock
Key Terms
Restricted Stock Units, Class A Common Stock, tax obligation, vest
4 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.
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.
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"
vest financial
"The RSUs vest in 48 equal monthly installments beginning October 1, 2022, subject to the Reporting Person's continuous service"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
FAQ
What did AFRM Chief Legal Officer Katherine Adkins report in this Form 4?
Katherine Adkins reported routine equity compensation activity from RSU vesting. 1,401 Restricted Stock Units converted into the same number of Affirm Class A shares, with a portion withheld to cover taxes and the remainder increasing her direct share ownership.
How do Katherine Adkins’ RSUs in AFRM vest over time?
Her Restricted Stock Units vest in 48 equal monthly installments beginning October 1, 2022. Each vesting date requires her continued service with Affirm, gradually delivering shares of Class A Common Stock as compensation rather than as open-market purchases.
What does each AFRM Restricted Stock Unit represent for Katherine Adkins?
Each Restricted Stock Unit represents a contingent right to receive one share of Affirm’s Class A Common Stock. Delivery occurs as the RSUs vest under the monthly schedule, creating share ownership without requiring her to pay an exercise price in cash.