Affirm president exercises RSUs, covers tax in shares

Q: What insider transactions did Affirm (AFRM) report for Libor Michalek?

Affirm reported that president Libor Michalek exercised 2,336 RSUs into Class A Common Stock on May 1, 2026, with 1,089 shares withheld to cover tax obligations tied to the vesting of those units.

Q: What does the tax-withholding transaction mean in the Affirm (AFRM) Form 4?

The Form 4 shows 1,089 shares of Class A Common Stock were withheld to satisfy Michalek’s tax obligation on RSUs vesting May 1, 2026. This F-code event is a tax payment mechanism, not an open-market sale of shares.

Q: What is the vesting schedule for Libor Michalek’s RSUs at Affirm (AFRM)?

The RSU grant vests in 48 equal monthly installments beginning on October 1, 2022, contingent on Michalek’s continuous service with Affirm on each vesting date. The filing notes this RSU grant has no expiration date attached to it.

Q: How are indirect holdings reported in the Affirm (AFRM) Form 4 for Michalek?

Indirect holdings are shown as 868,114 shares of Class A Common Stock owned by the Michalek 2007 Family Trust. The filing states that Michalek and his spouse are trustees of this trust, which is why these shares appear as indirect ownership.

Affirm Holdings, Inc. president Libor Michalek exercised restricted stock units and had shares withheld for taxes.

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Form Type

Rhea-AI Filing Summary

Affirm Holdings, Inc. president Libor Michalek exercised restricted stock units and had shares withheld for taxes. On May 1, 2026, he exercised RSUs covering 2,336 shares of Class A Common Stock, of which 1,089 shares were withheld to satisfy tax obligations on the vesting.

After these transactions, he directly held 217,024 shares of Class A Common Stock. A separate entry shows 868,114 shares of Class A Common Stock held indirectly through the Michalek 2007 Family Trust, where he and his spouse serve as trustees. Each RSU represents a right to receive one share, and the RSU grant vests in 48 equal monthly installments beginning October 1, 2022, subject to his continuous service.

Insider Trade Summary

2,336 shares exercised/converted

Exercise 4 txns

Insider Michalek Libor

Role President

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	1,089	$67.54	$74K
holding	Class A Common Stock	--	--	--

Holdings After Transaction: Restricted Stock Units — 9,344 contracts (Direct); Class A Common Stock — 217,024 shares (Direct); Class A Common Stock — 868,114 shares (Indirect, Michalek 2007 Trust dated March 21, 2007)

Footnotes (4)

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.
F2. The shares are held by the Michalek 2007 Family Trust dated March 21, 2007. The Reporting Person and his spouse are trustees of the trust.
F3. Each Restricted Stock Unit (RSU) represents a contingent right to receive one share of the Issuer's Class A Common Stock.
F4. 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 exercised: 2,336 shares Shares withheld for taxes: 1,089 shares Direct holdings after transaction: 217,024 shares +4 more

7 metrics

RSUs exercised 2,336 shares Class A Common Stock from RSU exercise on May 1, 2026

Shares withheld for taxes 1,089 shares Withheld to satisfy tax obligation on RSU vesting May 1, 2026

Direct holdings after transaction 217,024 shares Class A Common Stock held directly following transactions

Indirect trust holdings 868,114 shares Class A Common Stock held by Michalek 2007 Family Trust

RSU-to-share ratio 1 share per RSU Each RSU converts into one Class A Common share

RSU vesting schedule 48 monthly installments Vesting begins October 1, 2022, subject to continuous service

Tax-withholding price $67.54 per share Price used for 1,089 withheld shares on May 1, 2026

Key Terms

Restricted Stock Unit (RSU), tax obligation, withheld, continuous service, +1 more

5 terms

Restricted Stock Unit (RSU) financial

"Each Restricted Stock Unit (RSU) represents a contingent right to receive one share"

A restricted stock unit (RSU) is a promise from a company to give an employee company shares (or cash equal to their value) at a future date if certain conditions are met, such as staying with the company or hitting performance targets. For investors, RSUs matter because when they convert into actual shares they increase the number of shares available and can create selling pressure as employees cash out—think of them as a future paycheck paid in company stock.

tax obligation financial

"withheld to satisfy the Reporting Person's tax obligation in connection with the settlement"

withheld financial

"represents the number of shares of the Issuer's Common Stock withheld to satisfy"

continuous service financial

"subject to the Reporting Person's continuous service with the Issuer as of each vesting date"

Family Trust financial

"The shares are held by the Michalek 2007 Family Trust dated March 21, 2007"

FAQ

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

What insider transactions did Affirm (AFRM) report for Libor Michalek?

Affirm reported that president Libor Michalek exercised 2,336 RSUs into Class A Common Stock on May 1, 2026, with 1,089 shares withheld to cover tax obligations tied to the vesting of those units.

How many Affirm (AFRM) shares does Libor Michalek hold after this Form 4?

Following the reported transactions, Libor Michalek directly held 217,024 shares of Affirm Class A Common Stock. An additional 868,114 shares are held indirectly through the Michalek 2007 Family Trust, where he and his spouse act as trustees.

What does the tax-withholding transaction mean in the Affirm (AFRM) Form 4?

The Form 4 shows 1,089 shares of Class A Common Stock were withheld to satisfy Michalek’s tax obligation on RSUs vesting May 1, 2026. This F-code event is a tax payment mechanism, not an open-market sale of shares.

How do the RSUs in the Affirm (AFRM) filing convert into shares?

Each Restricted Stock Unit (RSU) represents a contingent right to receive one share of Affirm Class A Common Stock. When RSUs vest, they settle into shares, as reflected by the 2,336-share exercise recorded on May 1, 2026 in this Form 4.

What is the vesting schedule for Libor Michalek’s RSUs at Affirm (AFRM)?

The RSU grant vests in 48 equal monthly installments beginning on October 1, 2022, contingent on Michalek’s continuous service with Affirm on each vesting date. The filing notes this RSU grant has no expiration date attached to it.

How are indirect holdings reported in the Affirm (AFRM) Form 4 for Michalek?

Indirect holdings are shown as 868,114 shares of Class A Common Stock owned by the Michalek 2007 Family Trust. The filing states that Michalek and his spouse are trustees of this trust, which is why these shares appear as indirect ownership.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

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Accepted by SEC EDGAR 05/05/2026 - 04:34 PM

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^*

Michalek Libor

(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)

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

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Class A Common Stock	05/01/2026		M		2,336	A	$0	218,113	D
Class A Common Stock	05/01/2026		F		1,089⁽¹⁾	D	$67.54	217,024	D
Class A Common Stock								868,114	I	Michalek 2007 Trust dated March 21, 2007⁽²⁾

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Restricted Stock Units	⁽³⁾	05/01/2026		M			2,336	⁽⁴⁾	⁽⁴⁾	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. The shares are held by the Michalek 2007 Family Trust dated March 21, 2007. The Reporting Person and his spouse are trustees of the trust.

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

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	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)

Source: View Original Filing on SEC EDGAR