Linford Michael 4

4 · Affirm Holdings, Inc. · Filed Jan 30, 2026

AI-generated summary of this filing

Updated Jan 30, 2026

Affirm (AFRM) COO Michael Linford Exercises Stock Options

What Happened

Michael Linford, COO of Affirm Holdings (AFRM), exercised stock options on 2026-01-30 to acquire 20,000 shares at $49.00 per share, paying $980,000 in total. The filing also records the conversion/disposition of 20,000 derivative instruments in connection with the exercise; this was a non-market exercise-and-hold transaction (no open‑market sale).

Key Details

Transaction date: 2026-01-30
Acquired: 20,000 shares at $49.00 each (total cash paid: $980,000)
Disposed (derivative): 20,000 units at $0.00 (represents conversion of the options)
Shares were acquired via a non-market exercise and held (not sold immediately) — see footnote.
Vesting note: the options/shares remain subject to the issuer’s vesting schedule (initial 5% at six months from Jan 1, 2021, then quarterly vesting over four years with annual aggregates of 15%, 20%, 30%, 30%), and the reporting person may exercise early provided the shares remain subject to vesting.
Filing timeliness: no late filing indicator in the provided record.

Context

This was an options exercise (transaction code M), not an open‑market purchase or sale. It is a conversion of derivative rights into common stock and the shares were held rather than sold immediately. Such exercises can reflect routine option exercises or tax/compensation planning; they are not, by themselves, proof of a view on the company’s near‑term stock direction.

Form 4

Period: 2026-01-30

Chief Operating Officer

Transactions

Exercise/Conversion
Class A Common Stock
2026-01-30$49.00/sh+20,000$980,000→ 78,562 total
Exercise/Conversion
Stock Option (Right to Buy)
[F1][F2]
2026-01-30−20,000→ 283,751 total
Exercise: $49.00Exp: 2031-01-11→ Class A Common Stock (20,000 underlying)

Footnotes (2)

[F1]The reporting person executed a non-market exercise and hold transaction with respect to these stock options and the underlying shares.
[F2]Stock options vest with respect to 5% of the shares of Class A Common Stock underlying the stock option on the six-month anniversary of January 1, 2021, the vesting commencement date, and the remainder of the grant will vest in quarterly installments over a period of four years, in annual aggregate amounts equal to 15%, 20%, 30% and 30%, respectively, subject to the Reporting Person's continued employment with the Issuer as of each vesting date. The Reporting Person can elect to exercise the stock options at any time, provided that the shares acquired upon exercise remain subject to the applicable vesting schedule.

Signature

/s/ Josh Samples, Attorney-in-Fact|2026-01-30

1 file