Affirm (NASDAQ: AFRM) COO logs RSU vesting and tax share withholding
Rhea-AI Filing Summary
Affirm Holdings, Inc. Chief Operating Officer Michael Linford reported routine equity compensation activity involving restricted stock units and related tax withholding. He exercised 2,336 restricted stock units (RSUs) into an equal number of shares of Class A Common Stock, with each RSU converting into one share. In connection with this vesting, 974 shares of common stock were withheld to satisfy his tax obligation at a price of $67.54 per share, a non-market, tax-related disposition rather than an open-market sale.
Following these transactions, Linford directly holds 110,933 shares of Class A Common Stock. He also has 9,344 RSUs outstanding after this vesting event. The RSU grant vests in 48 equal monthly installments beginning on October 1, 2022, subject to his continuous service with the company, and the grant has no expiration date.
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- None.
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Insider Trade Summary
Net Buyer: 1,362 shares
Net Buy
3 txns
Insider
Linford Michael
Role
Chief Operating Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 2,336 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 2,336 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Class A Common Stock | 974 | $67.54 | $66K |
Holdings After Transaction:
Restricted Stock Units — 9,344 shares (Direct);
Class A Common Stock — 110,933 shares (Direct)
Footnotes (3)
- F1. 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 May 1, 2026.
- F2. Each Restricted Stock Unit (RSU) represents a contingent right to receive one share of the Issuer's Class A Common Stock.
- F3. 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 vested and exercised: 2,336 shares
Shares withheld for taxes: 974 shares
Tax withholding price: $67.54 per share
+4 more
7 metrics
RSUs vested and exercised
2,336 shares
RSUs converting into Class A Common Stock on May 1, 2026
Shares withheld for taxes
974 shares
Tax obligation satisfied at $67.54 per share
Tax withholding price
$67.54 per share
Value used for 974-share tax withholding
Common shares held after transactions
111,907 shares
Class A Common Stock directly held by Michael Linford
RSUs outstanding after vesting
9,344 units
Restricted stock units remaining after 2,336 vested
RSU vesting schedule
48 monthly installments
Vesting began October 1, 2022, subject to continuous service
RSU-to-share ratio
1:1
Each RSU represents one share of Class A Common Stock
Key Terms
Restricted Stock Unit, tax obligation, vested, continuous service, +2 more
6 terms
Restricted Stock Unit 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"
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
tax obligation financial
"withheld to satisfy the Reporting Person's tax obligation in connection with the settlement of shares"
vested financial
"restricted stock units that vested on May 1, 2026"
continuous service financial
"subject to the Reporting Person's continuous service with the Issuer as of each vesting date"
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.
derivative exercise/conversion financial
"transaction_action: derivative exercise/conversion"
FAQ
What insider transaction did AFRM COO Michael Linford report on May 1, 2026?
Michael Linford reported the vesting of 2,336 restricted stock units converting into the same number of Affirm Class A shares. As part of this compensation event, the company also withheld 974 shares to cover his associated tax obligation, rather than executing an open-market sale.
What happens to Michael Linford’s restricted stock units in this AFRM filing?
In this filing, 2,336 restricted stock units vested and converted into the same number of Class A shares for Michael Linford. After this vesting event, he still holds 9,344 RSUs outstanding, which continue to represent future potential shares as they vest over time.
What is the vesting schedule for Michael Linford’s AFRM restricted stock units?
Michael Linford’s restricted stock units vest in 48 equal monthly installments beginning October 1, 2022. Each monthly vesting is contingent on his continuous service with Affirm, providing a gradual equity-based compensation structure tied to ongoing employment with the company.
Is Michael Linford’s AFRM Form 4 transaction a typical compensation event?
Yes, the filing reflects a typical compensation event, where restricted stock units vest into shares and a portion of those shares is withheld for taxes. There were no open-market purchases or sales reported, only RSU conversion and related tax-withholding transactions.
AI-generated analysis. How Rhea-AI works. Not financial advice.
