Director Christa Quarles receives 655 RSUs at Affirm (NASDAQ: AFRM)
Rhea-AI Filing Summary
Quarles Christa S reported acquisition or exercise transactions in this Form 4 filing.
Affirm Holdings director Christa S. Quarles received a grant of 655 Restricted Stock Units (RSUs) of Class A Common Stock on July 1, 2026, as compensation. The award was made at a price of $0.00 per share under Affirm’s Amended and Restated 2012 Stock Plan.
The RSUs will vest in full on July 1, 2027, and each RSU represents a right to receive one share of Class A Common Stock when it vests. After this grant, Quarles directly holds 69,316 shares of Class A Common Stock and also holds Class B Common Stock convertible into 60,445 shares of Class A Common Stock, giving her a meaningful equity stake aligned with shareholders.
Positive
- None.
Negative
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Insider Trade Summary
Net Buyer: 655 shares
Net Buy
2 txns
Insider
Quarles Christa S
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 655 | $0.00 | $0.00 |
| holding | Class B Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 69,316 shares (Direct);
Class B Common Stock — 60,445 shares (Direct)
Footnotes (3)
- F1. Grant of Restricted Stock Units (RSUs) under the Issuer's Amended and Restated 2012 Stock Plan. The RSUs will vest in full on July 1, 2027.
- F2. Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock.
- F3. Each share of the Issuer's Class B common stock, par value $0.00001 per share ("Class B Common Stock"), is convertible at any time into one share of the Issuer's Class A common stock, par value $0.00001 per share. The Class B Common Stock has no expiration date.
Key Figures
RSUs granted: 655 RSUs
RSU vesting date: July 1, 2027
Class A holdings after grant: 69,316 shares
+3 more
6 metrics
RSUs granted
655 RSUs
Grant of Restricted Stock Units on July 1, 2026
RSU vesting date
July 1, 2027
RSUs vest in full on this date
Class A holdings after grant
69,316 shares
Total Class A Common Stock directly held after transaction
Convertible Class B underlying shares
60,445 shares
Class B Common Stock convertible into Class A Common Stock
RSU grant price
$0.00 per share
Equity compensation, not an open-market purchase
Class B exercise price
$0.00
Conversion price for Class B into Class A Common Stock
Key Terms
Restricted Stock Units (RSUs), Amended and Restated 2012 Stock Plan, Class B Common Stock, Class A Common Stock, +1 more
5 terms
Restricted Stock Units (RSUs) financial
"Grant of Restricted Stock Units (RSUs) under the Issuer's Amended and Restated 2012 Stock Plan."
Restricted stock units (RSUs) are a type of company promise to give employees shares of stock in the future, usually after certain conditions like working for a set time. They are like a gift promised today that you receive later, which can become valuable if the company's stock price goes up. RSUs matter because they are a way companies reward employees and can be a significant part of compensation.
Amended and Restated 2012 Stock Plan financial
"Grant of Restricted Stock Units (RSUs) under the Issuer's Amended and Restated 2012 Stock Plan."
Class B Common Stock financial
"Each share of the Issuer's Class B common stock, par value $0.00001 per share ("Class B Common Stock"), is convertible at any time into one share of the Issuer's Class A common stock."
A class B common stock is one of multiple types of a company’s ordinary shares that carries specific rights—often different voting power or dividend priority—compared with other classes. For investors it matters because those differences affect how much influence you have over company decisions, the income you might receive, and how freely the shares trade; think of it like owning a car with different keys: some keys let you start the engine and open the trunk, others only unlock the door.
Class A Common Stock financial
"Each 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.
contingent right financial
"Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock."
FAQ
What insider transaction did Affirm (AFRM) disclose for Christa S. Quarles?
Affirm disclosed that director Christa S. Quarles received a grant of 655 RSUs of Class A Common Stock. The award is compensation, not an open-market purchase or sale, and increases her direct equity stake in Affirm.
When do Christa S. Quarles’ new Affirm (AFRM) RSUs vest?
The 655 RSUs granted to Christa S. Quarles will vest in full on July 1, 2027. Once vested, each RSU converts into one share of Affirm’s Class A Common Stock, delivering additional stock-based compensation at that time.
What does each RSU in the Affirm (AFRM) grant to Christa S. Quarles represent?
Each RSU in this grant represents a contingent right to receive one share of Affirm’s Class A Common Stock. The shares are delivered only when the RSUs vest on July 1, 2027, according to the plan terms.
What is the role of Affirm’s Amended and Restated 2012 Stock Plan in this Form 4?
The 655 RSUs granted to Christa S. Quarles were issued under Affirm’s Amended and Restated 2012 Stock Plan. This plan governs how Affirm provides equity-based compensation like RSUs to directors, aligning their interests with shareholders.
What is the significance of Christa S. Quarles’ Class B Common Stock in Affirm (AFRM)?
Quarles holds Class B Common Stock that is convertible 1-for-1 into 60,445 Class A shares. The Class B shares have no expiration date, providing long-term potential to convert into publicly traded Class A Common Stock.
AI-generated analysis. How Rhea-AI works. Not financial advice.
