Affirm CLO reports RSU vesting and tax share withholding
Affirm Holdings, Inc. Chief Legal Officer Katherine Adkins reported routine equity compensation activity involving restricted stock units and related tax withholding.
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Form Type
4
Rhea-AI Filing Summary
Affirm Holdings, Inc. Chief Legal Officer Katherine Adkins reported routine equity compensation activity involving restricted stock units and related tax withholding. On June 1, 2026, RSUs converted into 10,590 shares of Class A Common Stock, with 4,793 shares withheld to cover tax obligations tied to the vesting.
Following these transactions, Adkins directly holds 145,106 shares of Class A Common Stock and 25,429 restricted stock units. The RSUs vest in equal monthly or quarterly installments over multi‑year periods, contingent on her continued service with Affirm.
Insider Trade Summary
10,590 shares exercised/converted
Exercise
6 txns
Insider
Adkins Katherine
Role
Chief Legal Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 1,401 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 5,085 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 2,482 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 1,622 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 10,590 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Class A Common Stock | 4,793 | $72.91 | $349K |
Holdings After Transaction:
Restricted Stock Units — 66,575 contracts (Direct);
Class A Common Stock — 145,106 shares (Direct)
Footnotes (6)
- 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 June 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.
- F4. The RSUs vest in 16 equal quarterly installments beginning September 1, 2024, subject to the Reporting Person's continuous service with the Issuer as of each vesting date. This grant has no expiration date.
- F5. 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.
- F6. The 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.
Key Figures
Tax withholding shares: 4,793 shares
Withholding reference price: $72.91 per share
Shares from RSU conversion: 10,590 shares
+3 more
6 metrics
Tax withholding shares
4,793 shares
Shares of Class A Common Stock withheld for tax obligation on June 1, 2026
Withholding reference price
$72.91 per share
Price per share used for the 4,793-share tax-withholding disposition
Shares from RSU conversion
10,590 shares
Class A Common Stock acquired through derivative exercise/conversion
Common shares after transactions
145,106 shares
Total Class A Common Stock directly held after tax withholding entry
RSUs after transactions
25,429 units
Restricted stock units remaining after reported RSU conversions
Monthly vesting schedule length
48 installments
RSUs vesting in 48 equal monthly installments beginning October 1, 2022
Key Terms
Restricted Stock Units, RSU, Class A Common Stock, vest, +1 more
5 terms
Restricted Stock Units 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 that vested on June 1, 2026."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
RSU financial
"Each Restricted Stock Unit (RSU) represents a contingent right to receive one share of the Issuer's Class A Common Stock."
Restricted stock units (RSUs) are a form of company shares given to employees as part of their compensation, usually with certain restrictions or conditions, such as remaining with the company for a set period. When these restrictions lift, employees receive actual shares that they can sell or hold. For investors, RSUs can impact a company's stock supply and reflect the company's commitment to attracting and retaining talent.
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.
vest financial
"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."
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
tax obligation 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 that vested on June 1, 2026."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did Affirm (AFRM) disclose for Katherine Adkins?
Affirm disclosed that Chief Legal Officer Katherine Adkins had restricted stock units convert into Class A Common Stock and a portion of those shares were withheld to pay taxes. These events reflect routine equity compensation vesting, not open-market purchases or sales.
What are Katherine Adkins’ holdings in Affirm (AFRM) after these transactions?
After these transactions, Katherine Adkins directly holds 145,106 shares of Affirm Class A Common Stock and 25,429 restricted stock units. These positions show both current equity ownership and additional shares scheduled to vest over time, subject to continued employment with the company.
How do Katherine Adkins’ RSUs in Affirm (AFRM) vest over time?
Her RSUs vest in structured schedules, including 48 equal monthly installments beginning October 1, 2022, and multiple 16-installment quarterly schedules starting September 1, 2024, and September 1, 2025. Another grant vests quarterly over three years starting December 1, 2025, contingent on continued service.
AI-generated analysis. How Rhea-AI works. Not financial advice.
