Michalek Libor 4

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.