Affirm Holdings (AFRM) reports 3,579 RSU award to director in Form 4

Rhea-AI Filing Summary

Affirm Holdings, Inc. disclosed that a non-employee director received a grant of 3,579 restricted stock units (RSUs) of Class A common stock on 12/15/2025. After this grant, the director beneficially owns 40,076 shares of Class A common stock. The RSUs were granted at a stated price of $0 per unit as part of the company’s Amended and Restated 2012 Stock Plan.

The RSUs vest in full on the earlier of December 15, 2026 or the date of Affirm’s next annual meeting of stockholders, as long as the individual continues to serve as a non-employee director until that date. Each RSU represents a contingent right to receive one share of Affirm’s Class A common stock, so the award directly ties the director’s compensation to the company’s equity.

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^*

Watson Noel Bertram

(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)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
12/15/2025

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	12/15/2025		A		3,579(1)	A	$0(2)	40,076	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

Explanation of Responses:

1. Grant of Restricted Stock Units (RSUs) under the Issuer's Amended and Restated 2012 Stock Plan. The RSUs vest in full upon the earlier of December 15, 2026 or the date of the Issuer's next annual meeting of stockholders, subject to continued service by the Reporting Person as a non-employee director until such earlier date.

2. Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock.

Remarks:

	/s/ Josh Samples, Attorney-in-Fact	12/17/2025
	** 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.

FAQ

What insider transaction did Affirm Holdings (AFRM) report in this Form 4?

The company reported a grant of 3,579 restricted stock units (RSUs) of Class A common stock to a non-employee director on 12/15/2025 under its Amended and Restated 2012 Stock Plan.

What is the vesting schedule for the new RSUs at Affirm Holdings (AFRM)?

The RSUs vest in full on the earlier of December 15, 2026 or the date of Affirm’s next annual meeting of stockholders, subject to the director’s continued service as a non-employee director until that date.

How many Affirm Holdings (AFRM) shares does the reporting person beneficially own after this grant?

Following the reported transaction, the reporting person beneficially owns 40,076 shares of Affirm Holdings’ Class A common stock.

What does each RSU granted by Affirm Holdings (AFRM) represent?

Each RSU represents a contingent right to receive one share of Affirm Holdings’ Class A common stock upon vesting.

Was there a cash purchase price for the RSUs granted by Affirm Holdings (AFRM)?

The Form 4 shows a transaction price of $0 for the 3,579 RSUs, consistent with an equity compensation grant rather than an open-market purchase.

Under which plan were the Affirm Holdings (AFRM) RSUs granted?

The RSUs were granted under Affirm Holdings’ Amended and Restated 2012 Stock Plan as part of non-employee director compensation.