AFRM insider filing: 1,187 shares withheld at $74.42 for taxes
Rhea-AI Filing Summary
Libor Michalek, President and Director of Affirm Holdings, Inc. (AFRM), reported transactions related to vested restricted stock units (RSUs) on 10/01/2025. 2,336 RSUs vested and were reported as acquired (code M) with a $0 price; those vested shares increased his direct beneficial ownership to 25,693 shares. To satisfy tax withholding on the vesting, 1,187 shares were withheld (transaction code F) at a per-share price of $74.42, reducing his direct holdings to 197,384 shares. The filing also shows an indirect holding of 868,114 Class A shares held by the Michalek 2007 Family Trust, of which he and his spouse are trustees. The RSUs vest monthly in 48 equal installments from 10/01/2022 and have no expiration.
Positive
- Full disclosure of RSU vesting with vesting date 10/01/2025
- Tax-withholding shares (1,187) transparently reported with per-share price $74.42
- Indirect holdings of 868,114 shares disclosed and trustee relationship stated
Negative
- None.
Insights
Small routine vesting with tax-withholding; no sale reported.
The filing documents the vesting of 2,336 RSUs on 10/01/2025 and a tax-withholding disposition of 1,187 shares at $74.42 per share. This is characterized by codes M (settlement of vested RSUs) and F (shares withheld for taxes), indicating compensation-related activity rather than a market sale.
This pattern is consistent with ongoing compensation vesting under a 48-month monthly schedule beginning 10/01/2022; the transaction alters beneficial ownership counts but does not represent a change in underlying economic exposure for shares held indirectly via the family trust.
Filing appears complete and properly disclosed.
The Form 4 lists direct and indirect holdings, trustee status for the Michalek 2007 Family Trust, and shows the RSU vesting schedule and tax-withholding mechanics. The signature by an attorney-in-fact is dated 10/03/2025, consistent with timely reporting after the 10/01/2025 transactions.
Because the form discloses the nature of the indirect ownership and the number of shares withheld for taxes, it meets standard disclosure expectations for Section 16 reporting.
Insider Trade Summary
| 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 | 1,187 | $74.42 | $88K |
| holding | Class A Common Stock | -- | -- | -- |
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 October 1, 2025. 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. 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.
