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AFRM Form 4: Chief Legal Officer reports RSU settlement and withholding

Filing Impact
(Neutral)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

Katherine Adkins, the company's Chief Legal Officer, reported transactions in Affirm Holdings, Inc. (AFRM) dated 10/01/2025. The filing shows an acquisition of 1,706 shares of Class A common stock recorded under code M at no cash price and a withholding/disposition of 773 shares at $74.42 to satisfy tax obligations, resulting in 123,486 shares beneficially owned after the reported transactions. Separate entries show the settlement of Restricted Stock Units: 305 RSUs and 1,401 RSUs were reported as acquired (code M) with a $0 price, yielding reported beneficial RSU holdings of 915 and 15,416 shares respectively. The filing notes these RSU grants vest in 48 equal monthly installments (one grant beginning February 1, 2022, the other October 1, 2022) and that the 773 shares were withheld to cover tax withholding on RSU settlement.

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Insider Adkins Katherine
Role Chief Legal Officer
Type Security Shares Price Value
Exercise Restricted Stock Units 305 $0.00 --
Exercise Restricted Stock Units 1,401 $0.00 --
Exercise Class A Common Stock 1,706 $0.00 --
Tax Withholding Class A Common Stock 773 $74.42 $58K
Holdings After Transaction: Restricted Stock Units — 915 shares (Direct); Class A Common Stock — 124,259 shares (Direct)
Footnotes (1)
  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 October 1, 2025. Each Restricted Stock Unit (RSU) represents a contingent right to receive one share of the Issuer's Class A Common Stock. The RSUs vest in 48 equal monthly installments beginning February 1, 2022, subject to the Reporting Person's continuous service with the Issuer as of each vesting date. This grant has no expiration date. 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.
Form 4 Insider Transactions: What Each Field Means →
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*
Adkins Katherine
(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)
Director 10% Owner
X Officer (give title below) Other (specify below)
Chief Legal Officer
3. Date of Earliest Transaction (Month/Day/Year)
10/01/2025
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 10/01/2025 M 1,706 A $0 124,259 D
Class A Common Stock 10/01/2025 F 773(1) D $74.42 123,486 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) 10/01/2025 M 305 (3) (3) Class A Common Stock 305 $0 915 D
Restricted Stock Units (2) 10/01/2025 M 1,401 (4) (4) Class A Common Stock 1,401 $0 15,416 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 October 1, 2025.
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 February 1, 2022, subject to the Reporting Person's continuous service with the Issuer as of each vesting date. This grant has no expiration date.
4. 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 10/03/2025
** 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.

Source: View Original Filing on SEC EDGAR

FAQ

What transactions did Katherine Adkins report on Form 4 for AFRM?

Adkins reported on 10/01/2025 an acquisition of 1,706 Class A shares (code M) and a disposition/withholding of 773 shares at $74.42.

Why were 773 shares disposed of in the filing?

The filing explains 773 shares were withheld to satisfy the Reporting Person's tax obligation in connection with RSU settlement.

How many RSUs vested and how do they vest?

The form shows settlement of 305 and 1,401 RSUs; both RSU grants vest in 48 equal monthly installments subject to continuous service.

What is Katherine Adkins' reported beneficial ownership after these transactions?

After the reported transactions, the filing lists 123,486 shares of Class A common stock beneficially owned.

What price was reported for the shares withheld?

The withheld/disposed shares were reported at a price of $74.42 per share.