Linford Michael 4

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.