Affirm (NASDAQ: AFRM) CAO RSUs vest; tax shares withheld

Rhea-AI Filing Summary

Affirm Holdings Chief Accounting Officer Jiyane Siphelele reported RSU vesting and related share movements. On March 1, 2026, several grants of Restricted Stock Units were exercised or converted, including transactions that resulted in 11,547 shares of Class A Common Stock being acquired at a stated price of $0.00 per share.

In a separate transaction coded "F," 4,666 shares of Class A Common Stock at $46.98 per share were withheld to cover tax obligations tied to the RSU settlement, rather than sold in an open-market trade. Footnotes state that each RSU represents one share of Class A Common Stock and that the RSUs vest in equal quarterly installments over one- or three-year periods beginning on various dates, contingent on continued employment.

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

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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^*

Jiyane Siphelele

(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 Accounting 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		11,547	A	$0	232,515	D
Class A Common Stock	03/01/2026		F		4,666(1)	D	$46.98	227,849	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			1,667	(3)	(3)	Class A Common Stock	1,667	$0	1,667	D
Restricted Stock Units	(2)	03/01/2026		M			2,084	(4)	(4)	Class A Common Stock	2,084	$0	6,250	D
Restricted Stock Units	(2)	03/01/2026		M			3,333	(5)	(5)	Class A Common Stock	3,333	$0	13,334	D
Restricted Stock Units	(2)	03/01/2026		M			2,500	(6)	(6)	Class A Common Stock	2,500	$0	12,500	D
Restricted Stock Units	(2)	03/01/2026		M			841	(7)	(7)	Class A Common Stock	841	$0	842	D
Restricted Stock Units	(2)	03/01/2026		M			1,122	(8)	(8)	Class A Common Stock	1,122	$0	10,096	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 equal quarterly installments for a period of three years beginning September 1, 2023, subject to the Reporting Person's continued employment with the Issuer as of each vesting date. This grant has no expiration date.

4. The RSUs vest in equal quarterly installments for a period of three years beginning March 1, 2024, subject to the Reporting Person's continued employment with the Issuer as of each vesting date. This grant has no expiration date.

5. The RSUs vest in equal quarterly installments for a period of three years beginning June 1, 2024, subject to the Reporting Person's continued employment with the Issuer as of each vesting date. This grant has no expiration date.

6. The RSUs vest in equal quarterly installments for a period of three years beginning September 1, 2024, subject to the Reporting Person's continued employment with the Issuer as of each vesting date. This grant has no expiration date.

7. The RSUs vest in equal quarterly installments for a period of one year beginning September 1, 2025, subject to the Reporting Person's continued employment with the Issuer as of each vesting date. This grant has no expiration date.

8. The RSUs vest in equal quarterly installments for a period of three years beginning September 1, 2025, 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.
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FAQ

What insider activity did Affirm (AFRM) report for Jiyane Siphelele?

Affirm reported that Chief Accounting Officer Jiyane Siphelele had multiple Restricted Stock Units vest, converting into Class A Common Stock. The filing also shows a related share disposition to cover taxes, all as part of equity compensation mechanics rather than open-market trading.

How many Affirm (AFRM) shares did the CAO acquire through RSU vesting?

The CAO acquired 11,547 shares of Affirm Class A Common Stock through RSU exercises or conversions at a stated price of $0.00 per share. These shares came from previously granted RSUs that vested according to their service-based schedules outlined in the footnotes.

Why were 4,666 Affirm (AFRM) shares disposed of in this Form 4?

The 4,666 shares coded "F" were withheld to satisfy tax obligations arising from RSU settlement, at a price of $46.98 per share. This represents a tax-withholding disposition, not an ordinary open-market sale initiated for portfolio or valuation reasons.

What do the RSU vesting terms for Affirm (AFRM) CAO’s awards look like?

The RSUs vest in equal quarterly installments over one- or three-year periods starting on dates such as September 1, 2023 and March 1, 2024. Vesting is conditioned on the CAO’s continued employment with Affirm on each vesting date, and the grants have no expiration date.

How is each RSU defined in the Affirm (AFRM) insider filing?

Each Restricted Stock Unit is defined as a contingent right to receive one share of Affirm’s Class A Common Stock. When vesting conditions are met, the RSUs settle into actual shares, which may trigger associated tax withholding transactions reported on Form 4.

Does the Affirm (AFRM) Form 4 indicate open-market buying or selling by the CAO?

The Form 4 reflects derivative exercises/conversions and a tax-withholding disposition, not open-market buying or selling. Transactions coded “M” show RSUs converting into shares, while the “F” code reflects shares withheld to pay taxes tied to those RSU settlements.