4//SEC Filing
Levchin Max R 4
Accession 0001628280-25-042655
CIK 0001820953other
Filed
Sep 23, 8:00 PM ET
Accepted
Sep 24, 6:00 PM ET
Size
16.2 KB
Accession
0001628280-25-042655
Insider Transaction Report
Form 4
Levchin Max R
DirectorChief Executive Officer10% Owner
Transactions
- Sale
Class A Common Stock
2025-09-22$89.23/sh−259,705$23,173,477→ 206,176 total - Sale
Class A Common Stock
2025-09-22$90.02/sh−202,582$18,236,432→ 3,594 total - Exercise/Conversion
Class A Common Stock
2025-09-22$49.00/sh+651,713$31,933,937→ 651,713 total - Sale
Class A Common Stock
2025-09-22$90.98/sh−3,594$326,982→ 0 total - Exercise/Conversion
Performance Based Stock Options
2025-09-22−651,713→ 11,166,668 totalExercise: $49.00Exp: 2031-01-12→ Class A Common Stock (651,713 underlying) - Sale
Class A Common Stock
2025-09-22$88.46/sh−185,832$16,438,699→ 465,881 total
Holdings
- 735,294(indirect: By Trust)
Class A Common Stock
Footnotes (7)
- [F1]The transactions reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on March 17, 2025.
- [F2]Represents the weighted average sale price of the shares sold from $87.75 to $88.7493 per share. The Reporting Person will provide, upon request by the Commission staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- [F3]Represents the weighted average sale price of the shares sold from $88.75 to $89.745 per share. The Reporting Person will provide, upon request by the Commission staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- [F4]Represents the weighted average sale price of the shares sold from $89.75 to $90.71 per share. The Reporting Person will provide, upon request by the Commission staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- [F5]Represents the weighted average sale price of the shares sold from $90.825 to $91.02 per share. The Reporting Person will provide, upon request by the Commission staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- [F6]As joint settlors of the Levchin 2012 Irrevocable Trust, the Reporting Person and his spouse jointly have the right to acquire the shares held by the trust but do not have voting or investment power over such shares. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose.
- [F7]The Reporting Person was granted a multi-year performance-based stock option (the "Value Creation Award") on January 12, 2021. The Value Creation Award is divided into ten tranches which the Reporting Person may earn by satisfying a performance condition within a five-year period from the date of grant, subject to the Reporting Person's continued service to the Issuer. The earned tranches of the Value Creation Award becomes vested and exercisable upon the satisfaction of a time condition. Any portion of the Value Creation Award that has not been earned by the fifth anniversary of the grant date will be forfeited. As of September 22, 2025, the Reporting Person has earned 4,000,000 stock options, all of which have vested.
Documents
Issuer
Affirm Holdings, Inc.
CIK 0001820953
Entity typeother
Related Parties
1- filerCIK 0001539853
Filing Metadata
- Form type
- 4
- Filed
- Sep 23, 8:00 PM ET
- Accepted
- Sep 24, 6:00 PM ET
- Size
- 16.2 KB