Affirm COO exercises RSUs; shares withheld for taxes

Affirm Holdings, Inc. Chief Operating Officer Michael Linford reported routine equity compensation activity involving restricted stock units and related tax 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.

Insider Trade Summary

2,336 shares exercised/converted

Exercise 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 contracts (Direct); Class A Common Stock — 110,933 shares (Direct)

Footnotes (3)

1. 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.
2. F2. Each Restricted Stock Unit (RSU) represents a contingent right to receive one share of the Issuer's Class A Common Stock.
3. 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

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

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.

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

Affirm withheld 974 shares of Class A Common Stock from Michael Linford to satisfy his tax obligation on vested restricted stock units. These shares were valued at $67.54 each, reflecting a tax-withholding disposition, not a discretionary sale into the open market.

How many AFRM shares does Michael Linford hold after this Form 4 filing?

After the reported transactions, Michael Linford directly holds 111,907 shares of Affirm’s Class A Common Stock. This figure reflects his position following the RSU conversion and the 974-share tax withholding, indicating that his overall equity stake in the company remains substantial.

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.

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Accepted by SEC EDGAR 05/05/2026 - 04:33 PM Learn about SEC filing dates

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)
05/01/2026

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	05/01/2026		M		2,336	A	$0	111,907	D
Class A Common Stock	05/01/2026		F		974(1)	D	$67.54	110,933	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)	05/01/2026		M			2,336	(3)	(3)	Class A Common Stock	2,336	$0	9,344	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 May 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	05/05/2026
	** 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)