Jiyane Siphelele 4

What Happened

• Jiyane Siphelele, Chief Accounting Officer of Affirm Holdings (AFRM), had RSUs convert into 11,547 shares on March 1, 2026 (reported March 3, 2026). To satisfy tax withholding, 4,666 of those shares were withheld at $46.98/share for a cash value of $219,209. The net shares issued to the reporting person were 6,881 (11,547 vested − 4,666 withheld).
• Transaction codes: M = exercise/conversion of a derivative (here, RSU settlement); F = shares withheld to pay tax obligations. No cash purchase or open-market sale was reported.

Key Details

• Transaction date: March 1, 2026; Form 4 filed March 3, 2026 (appears timely).
• Withholding price: $46.98 per share; withholding value: $219,209 for 4,666 shares.
• Gross shares vested/converted: 11,547; shares withheld for taxes: 4,666; net shares received: 6,881.
• Footnotes indicate these shares come from multiple RSU grants with various quarterly vesting schedules (see F2–F8); each RSU represents a right to one share.
• Shares owned after the transaction are not specified in the provided filing.

Context

• This was a routine RSU vesting and settlement, not an open-market purchase or discretionary sale. The withholding of shares to cover taxes is common and is similar to a cashless settlement — it does not necessarily indicate a bullish or bearish view by the insider.
• For retail investors: purchases are often more informative as signals; here the insider received shares via vesting and paid taxes by withholding shares, which is administrative rather than directional trading.