Linford Michael 4
4 · Affirm Holdings, Inc. · Filed Mar 3, 2026
Research Summary
AI-generated summary of this filing
Affirm (AFRM) COO Michael Linford Receives RSUs; Shares Withheld
What Happened
Michael Linford, Chief Operating Officer of Affirm Holdings (AFRM), had restricted stock units (RSUs) vest and convert into 11,717 shares of Class A common stock on March 1, 2026. To satisfy tax withholding associated with the vested RSUs, 3,775 shares were withheld and treated as a disposition at $46.98 per share (total ≈ $177,350). The Form 4 shows the RSU-to-stock conversions (derivative code M) and the tax withholding disposition (code F).
Key Details
- Transaction date: March 1, 2026; Form 4 filed March 3, 2026 (timely).
- Conversions: 11,717 shares acquired via RSU conversion (derivative exercise/conversion, code M) shown in groupings of 2,336; 5,674; and 3,707 shares (these groupings sum to 11,717).
- Tax withholding: 3,775 shares disposed at $46.98 per share, proceeds ≈ $177,350 (code F — shares withheld to satisfy tax obligation).
- Footnotes: F1–F5 explain that the shares are RSUs (each RSU = 1 share) and describe multiple RSU grants with varying vesting schedules (monthly or quarterly vesting beginning Oct 1, 2022; Sept 1, 2025; Dec 1, 2025).
- Shares owned after the transactions are not stated in the provided excerpt of the filing.
Context
These entries reflect routine award vesting and tax withholding, not an open-market sale or a new purchase. The derivative code M indicates conversion/exercise of RSUs into common shares; the F code indicates shares were withheld to cover taxes (a common cashless/withholding settlement). This type of filing documents compensation vesting rather than a director/insider indicating a bullish or bearish market action.
Insider Transaction Report
- Exercise/Conversion
Class A Common Stock
2026-03-01+11,717→ 111,986 total - Tax Payment
Class A Common Stock
[F1]2026-03-01$46.98/sh−3,775$177,350→ 108,211 total - Exercise/Conversion
Restricted Stock Units
[F2][F3]2026-03-01−2,336→ 14,015 total→ Class A Common Stock (2,336 underlying) - Exercise/Conversion
Restricted Stock Units
[F2][F4]2026-03-01−5,674→ 56,741 total→ Class A Common Stock (5,674 underlying) - Exercise/Conversion
Restricted Stock Units
[F2][F5]2026-03-01−3,707→ 37,074 total→ Class A Common Stock (3,707 underlying)
Footnotes (5)
- [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 March 1, 2026.
- [F2]Each Restricted Stock Unit (RSU) represents a contingent right to receive one share of the Issuer's Class A Common Stock.
- [F3]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.
- [F4]The RSUs vest in 16 equal quarterly installments beginning September 1, 2025, subject to the Reporting Person's continuous service with the Issuer as of each vesting date. This grant has no expiration date.
- [F5]RSUs vest in equal quarterly installments for a period of three years beginning December 1, 2025, the vesting commencement date, subject to the Reporting Person's continued employment with the Issuer as of each vesting date. This grant has no expiration date.