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Affirm (AFRM) COO reports RSU conversion and tax share withholding in Form 4

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Affirm Holdings, Inc. Chief Operating Officer Michael Linford reported equity award activity involving restricted stock units and Class A common stock. On March 1, 2026, RSUs converted into 11,717 shares of Class A common stock, and 3,775 shares were withheld at $46.98 per share to cover tax obligations tied to the RSU vesting schedules.

Positive

  • None.

Negative

  • None.
Insider Linford Michael
Role Chief Operating Officer
Type Security Shares Price Value
Exercise Restricted Stock Units 2,336 $0.00 --
Exercise Restricted Stock Units 5,674 $0.00 --
Exercise Restricted Stock Units 3,707 $0.00 --
Exercise Class A Common Stock 11,717 $0.00 --
Tax Withholding Class A Common Stock 3,775 $46.98 $177K
Holdings After Transaction: Restricted Stock Units — 14,015 shares (Direct); Class A Common Stock — 111,986 shares (Direct)
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 March 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. The RSUs vest in 16 equal quarterly installments beginning September 1, 2025, subject to the Reporting Person's continuous service with the Issuer as of each vesting date. This grant has no expiration date. RSUs vest in equal quarterly installments for a period of three years beginning December 1, 2025, the vesting commencement date, subject to the Reporting Person's continued employment with the Issuer as of each vesting date. This grant has no expiration date.
Form 4 Insider Transactions: What Each Field Means →
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 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)
Director 10% Owner
X Officer (give title below) Other (specify below)
Chief Operating Officer
3. Date of Earliest Transaction (Month/Day/Year)
03/01/2026
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 03/01/2026 M 11,717 A $0 111,986 D
Class A Common Stock 03/01/2026 F 3,775(1) D $46.98 108,211 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) 03/01/2026 M 2,336 (3) (3) Class A Common Stock 2,336 $0 14,015 D
Restricted Stock Units (2) 03/01/2026 M 5,674 (4) (4) Class A Common Stock 5,674 $0 56,741 D
Restricted Stock Units (2) 03/01/2026 M 3,707 (5) (5) Class A Common Stock 3,707 $0 37,074 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 March 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.
4. The RSUs vest in 16 equal quarterly installments beginning September 1, 2025, subject to the Reporting Person's continuous service with the Issuer as of each vesting date. This grant has no expiration date.
5. RSUs vest in equal quarterly installments for a period of three years beginning December 1, 2025, the vesting commencement date, subject to the Reporting Person's continued employment with the Issuer as of each vesting date. This grant has no expiration date.
Remarks:
/s/ Josh Samples, Attorney-in-Fact 03/03/2026
** 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.

Source: View Original Filing on SEC EDGAR

FAQ

What equity transactions did AFRM executive Michael Linford report on this Form 4?

Michael Linford reported RSU-related equity activity on March 1, 2026. Restricted stock units converted into Class A common stock, and a portion of those shares was withheld at $46.98 per share to satisfy associated tax obligations upon vesting.

How many Affirm (AFRM) shares were acquired through RSU settlement on March 1, 2026?

The Form 4 shows 11,717 shares of Affirm Class A common stock acquired through the settlement of restricted stock units. These shares resulted from previously granted RSUs that vested according to their established schedules and converted one-for-one into Class A common stock.

How many AFRM shares were withheld for taxes in Michael Linford’s Form 4?

The filing shows 3,775 shares of Affirm Class A common stock withheld. These shares were retained by the issuer at $46.98 per share to satisfy Michael Linford’s tax obligations arising from the vesting and settlement of his restricted stock units on March 1, 2026.

What do the AFRM Form 4 footnotes say about Michael Linford’s restricted stock units?

The footnotes state each RSU represents a contingent right to receive one share of Class A common stock. They also describe different RSU grants vesting in monthly or quarterly installments over multi-year periods, contingent on Michael Linford’s continuous service or continued employment.

When do Michael Linford’s AFRM RSU grants vest according to the Form 4 footnotes?

One RSU grant vests in 48 equal monthly installments starting October 1, 2022. Other RSU grants vest in equal quarterly installments beginning September 1, 2025 and December 1, 2025, each requiring continued service or employment as of each vesting date.

Is the share disposition in Michael Linford’s AFRM Form 4 an open-market sale?

No, the disposition is coded “F,” indicating shares were withheld to pay taxes. The Form 4 specifies the transaction as payment of tax liability by delivering securities, rather than an open-market sale initiated for investment or portfolio management purposes.