Affirm (AFRM) COO Michael Linford exercises RSUs, withholds shares for taxes

Rhea-AI Filing Summary

Affirm Holdings, Inc. Chief Operating Officer Michael Linford reported routine equity compensation activity involving restricted stock units. On July 1, 2026, RSUs converted into 2,336 shares of Class A Common Stock, reflecting an automatic derivative exercise tied to vesting. To cover related tax obligations, 972 shares of Common Stock were withheld, as noted in the footnotes. Following these transactions, Linford directly held 120,320 shares of Class A Common Stock and 4,673 RSUs, which continue to vest in 48 equal monthly installments that began on October 1, 2022.

Insider Trade Summary

2,336 shares exercised/converted

Mixed 3 txns

Insider Linford Michael

Role Chief Operating Officer

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units	2,336	$0.00	--
Exercise	Class A Common Stock	2,336	$0.00	--
Tax Withholding	Class A Common Stock	972	$83.85	$82K

Holdings After Transaction: Restricted Stock Units — 4,673 shares (Direct, null); Class A Common Stock — 120,320 shares (Direct, null)

Footnotes (1)

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 July 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 converted: 2,336 shares Shares withheld for taxes: 972 shares Common shares held after transaction: 120,320 shares +3 more

6 metrics

RSUs converted 2,336 shares RSUs converted to Class A Common Stock on July 1, 2026

Shares withheld for taxes 972 shares Common Stock withheld to satisfy tax obligation on vesting

Common shares held after transaction 120,320 shares Direct Class A Common Stock holdings following reported transactions

RSUs outstanding 4,673 units Restricted Stock Units remaining after July 1, 2026 activity

Tax-withholding shares 972 shares Tax withholding disposition count from transaction summary

Exercise shares 2,336 shares Derivative exercise shares from transaction summary

Key Terms

Restricted Stock Unit (RSU), tax obligation, vest in 48 equal monthly installments, Class A Common Stock

4 terms

Restricted Stock Unit (RSU) financial

"Each Restricted Stock Unit (RSU) represents a contingent right to receive one share"

A restricted stock unit (RSU) is a promise from a company to give an employee company shares (or cash equal to their value) at a future date if certain conditions are met, such as staying with the company or hitting performance targets. For investors, RSUs matter because when they convert into actual shares they increase the number of shares available and can create selling pressure as employees cash out—think of them as a future paycheck paid in company stock.

tax obligation financial

"withheld to satisfy the Reporting Person's tax obligation in connection with the settlement"

vest in 48 equal monthly installments financial

"The RSUs vest in 48 equal monthly installments beginning October 1, 2022"

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.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/06/2026 - 04:09 PM Accepted by SEC EDGAR 07/06/2026 - 04:09 PM Learn about SEC filing dates

FAQ

What did Affirm (AFRM) COO Michael Linford report in this Form 4?

Michael Linford reported routine equity compensation activity. 2,336 RSUs converted into Class A Common Stock, and 972 shares were withheld to satisfy tax obligations. These transactions reflect scheduled vesting rather than open-market buying or selling.

How many Affirm (AFRM) shares does Michael Linford hold after these transactions?

After the reported transactions, Michael Linford directly holds 120,320 shares of Affirm Class A Common Stock. He also holds 4,673 restricted stock units (RSUs), which represent additional potential shares subject to continued service-based vesting.

What RSU activity did the Affirm (AFRM) Form 4 disclose for July 1, 2026?

On July 1, 2026, 2,336 restricted stock units vested and converted into Class A Common Stock. Each RSU represents a contingent right to receive one share of Class A Common Stock, according to the filing footnotes.

Why were 972 Affirm (AFRM) shares withheld in Michael Linford’s Form 4?

The filing states 972 shares of Affirm Common Stock were withheld to satisfy Michael Linford’s tax obligation related to the RSUs that vested on July 1, 2026. This is a non-market, tax-withholding disposition.

How do Michael Linford’s RSUs at Affirm (AFRM) vest over time?

The RSUs vest in 48 equal monthly installments beginning on October 1, 2022. Vesting continues only while Michael Linford maintains continuous service with Affirm as of each monthly vesting date, as described in the footnotes.

What does each RSU represent in the Affirm (AFRM) Form 4?

Each restricted stock unit in the filing represents a contingent right to receive one share of Affirm’s Class A Common Stock. Actual share delivery depends on vesting and the executive’s continued service with the company.

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^*

Linford Michael

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
07/01/2026

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)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	07/01/2026		M		2,336	A	$0	120,320	D
Class A Common Stock	07/01/2026		F		972(1)	D	$83.85	119,348	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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units	(2)	07/01/2026		M			2,336	(3)	(3)	Class A Common Stock	2,336	$0	4,673	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 July 1, 2026.

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

3. 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	07/06/2026
	** 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)