Adkins Katherine 4

What Happened

• Katherine Adkins, Chief Legal Officer of Affirm (AFRM), had 1,401 restricted stock units (RSUs) convert to common shares on Feb 1, 2026. Of those, 648 shares were withheld to satisfy tax withholding obligations, valued at $39,074 based on a $60.30/share price. Net shares delivered to Adkins were 753.

Key Details

• Transaction date: February 1, 2026; filing date: February 3, 2026 (filed within the standard 2-business-day window).
• Reported actions: conversion/settlement of RSUs (transaction code M) and tax withholding (code F).
• Withheld shares: 648 @ $60.30 each = $39,074.
• RSUs vested: 1,401 (1 RSU = right to 1 share).
• Net shares received by reporting person: 1,401 − 648 = 753 shares.
• Shares beneficially owned after the transaction: not specified in the provided filing.
• Footnotes: RSUs vest in 48 equal monthly installments beginning Oct 1, 2022, subject to continued service; this grant has no expiration.

Context

• This was a routine RSU vesting and tax-withholding transaction, not an open-market purchase or discretionary sale. Withholding of shares to cover taxes is common and does not necessarily indicate a change in insider sentiment. The filing shows conversion/settlement of RSUs rather than an option exercise followed by an immediate sale.