Affirm (NASDAQ: AFRM) CLO nets shares after RSU vesting and tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Affirm Holdings, Inc. Chief Legal Officer Katherine Adkins reported routine equity compensation activity involving restricted stock units on May 1, 2026. She acquired 1,401 shares of Class A Common Stock upon settlement of vested RSUs and had 5,607 RSUs remaining afterward.
To cover related tax obligations, 634 shares of Class A Common Stock were withheld, classified as a tax-withholding disposition rather than an open‑market sale at $67.54 per share. Following these transactions, Adkins directly held 139,943 shares of Class A Common Stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1,401 shares exercised/converted
Mixed
3 txns
Insider
Adkins Katherine
Role
Chief Legal Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 1,401 | $0.00 | -- |
| Exercise | Class A Common Stock | 1,401 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 634 | $67.54 | $43K |
Holdings After Transaction:
Restricted Stock Units — 5,607 shares (Direct, null);
Class A Common Stock — 139,943 shares (Direct, null)
Footnotes (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. 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 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
RSU shares settled: 1,401 shares
Shares withheld for taxes: 634 shares
Tax withholding price: $67.54 per share
+3 more
6 metrics
RSU shares settled
1,401 shares
Class A Common Stock from RSU settlement on May 1, 2026
Shares withheld for taxes
634 shares
Tax-withholding disposition at $67.54 per share
Tax withholding price
$67.54 per share
Value used for 634 withheld shares of Class A Common Stock
Shares held after transactions
139,943 shares
Direct Class A Common Stock holding following Form 4 events
RSUs remaining
5,607 RSUs
Restricted Stock Units outstanding after the May 1, 2026 vesting
RSU vesting schedule
48 monthly installments
Vesting from October 1, 2022, contingent on continuous service
Key Terms
Restricted Stock Unit (RSU), tax obligation, Class A Common Stock, vesting
4 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
"shares of Common Stock withheld to satisfy the Reporting Person's tax obligation"
Class A Common Stock financial
"shares of the Issuer's Common Stock withheld to satisfy the Reporting Person's tax obligation"
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.
vesting financial
"RSUs vest in 48 equal monthly installments beginning October 1, 2022"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
FAQ
What insider transactions did AFRM Chief Legal Officer Katherine Adkins report?
Katherine Adkins reported RSU-related transactions on May 1, 2026. She acquired 1,401 shares of Affirm Class A Common Stock from vested RSUs, while 634 shares were withheld to satisfy tax obligations tied to that vesting event.
Did the AFRM insider sale by Katherine Adkins involve open-market selling?
The disposition did not involve open-market selling. Instead, 634 shares of Affirm Class A Common Stock were withheld automatically to cover Katherine Adkins’ tax obligation from RSU vesting, a common non-discretionary mechanism in equity compensation plans.
What RSU vesting terms apply to the AFRM grant reported for Katherine Adkins?
The RSUs vest in 48 equal monthly installments beginning October 1, 2022, contingent on continued service. This means a portion vests each month over four years, and the grant has no expiration date according to the disclosure footnotes.