Michalek Libor 4
4 · Affirm Holdings, Inc. · Filed Feb 3, 2026
Research Summary
AI-generated summary of this filing
Affirm (AFRM) President Libor Michalek Receives RSUs; Shares Withheld
What Happened Libor Michalek, President and Director of Affirm (AFRM), had 2,335 restricted stock units (RSUs) vest and convert into shares on Feb 1, 2026. The RSUs converted at no exercise cost (listed $0.00); 838 of the resulting shares were withheld to cover tax obligations at $60.30 per share (total withheld = $50,531). The remaining 1,497 shares were issued and are held by the Michalek 2007 Family Trust.
Key Details
- Transaction date: February 1, 2026. Form filed Feb 3, 2026 (appears timely — within the 2-business-day Form 4 window).
- Converted/received: 2,335 shares (conversion of RSUs, code M) — implied market value ≈ $140,800 at $60.30/share.
- Tax withholding: 838 shares surrendered/withheld (code F) at $60.30/share for $50,531.
- Net delivered to trust: 2,335 − 838 = 1,497 shares delivered to the Michalek 2007 Family Trust (Reporting Person and spouse are trustees).
- Footnotes: F1–tax withholding for vested RSUs; F2–shares held by family trust; F3–each RSU equals one share; F4–RSUs vest in 48 equal monthly installments starting Oct 1, 2022 (ongoing schedule).
- Shares owned after transaction: not specified on this Form 4.
Context This was a routine RSU vesting and tax-withholding event, not an open-market buy or discretionary sale. RSU conversions show the issuance of shares (no cash paid to acquire them) and the withholding is a common way to satisfy tax obligations — it should not be interpreted as a market sentiment signal on its own.
Insider Transaction Report
- Exercise/Conversion
Class A Common Stock
2026-02-01+2,335→ 207,835 total - Tax Payment
Class A Common Stock
[F1]2026-02-01$60.30/sh−838$50,531→ 206,997 total - Exercise/Conversion
Restricted Stock Units
[F3][F4]2026-02-01−2,335→ 16,351 total→ Class A Common Stock (2,335 underlying)
- 868,114(indirect: By Trust)
Class A Common Stock
[F2]
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 February 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.