Linford Michael 4

What Happened
Michael Linford, Chief Operating Officer of Affirm Holdings (AFRM), had 2,335 restricted stock units (RSUs) convert into shares on February 1, 2026. Of those vested shares, 628 were withheld to satisfy the tax withholding obligation at a reported price of $60.30 per share (withholding value ~$37,868). The filing shows the RSU conversion (derivative exercise) and the tax-withholding share disposition; net shares delivered to Linford were 1,707 (2,335 vested − 628 withheld).

Key Details

• Transaction date: February 1, 2026; Form 4 filed Feb 3, 2026 (reporting the Feb 1 event).
• Converted/issued: 2,335 shares from RSUs (coded M — exercise/conversion of derivative).
• Tax withholding: 628 shares withheld/disposed (coded F) at $60.30 per share = $37,868 (approx).
• Net shares received: 1,707 shares after withholding.
• Footnotes: RSUs represent a contingent right to one share each (F2). The grant vests in 48 equal monthly installments beginning Oct 1, 2022, subject to continued service (F3). Footnote F1 confirms the withheld shares were to satisfy tax obligations on the vested RSUs.
• No indication this was an open-market sale; the withheld shares are a tax-withholding event (routine).

Context

• This was an RSU vesting/tax-withholding event — common when equity awards vest; it is not an open-market sale or a directional trade signal.
• The RSUs have no exercise price; the reported $60.30 is the per-share price used for withholding calculations on the vesting date.
• For retail investors: withholding of shares to cover taxes is routine and should not be interpreted as management selling stock for diversification or lack of confidence.