Michalek Libor 4
4 · Affirm Holdings, Inc. · Filed Mar 3, 2026
Research Summary
AI-generated summary of this filing
Affirm (AFRM) President Libor Michalek Receives Award; 4,079 Shares Withheld
What Happened
Libor Michalek, President and a director of Affirm Holdings (AFRM), had restricted stock units (RSUs) vest and convert into 11,362 shares on March 1, 2026 (reported on Form 4 filed Mar 3, 2026). To satisfy tax withholding on the settlement, 4,079 of those shares were withheld at $46.98 per share for a withholding value of $191,631. The filing shows conversion/settlement entries for the underlying RSU awards (M codes) and a tax withholding entry (F code). Net of the withholding, approximately 7,283 shares were added to his holdings.
Key Details
- Transaction date: March 1, 2026; Form 4 filed March 3, 2026 (timely filing).
- What the codes mean: M = exercise/conversion of a derivative (RSU settlement into shares); F = shares withheld to pay tax liability.
- Shares converted/received: 11,362 shares (total RSU settlement).
- Shares withheld for taxes: 4,079 shares at $46.98 each, total $191,631.
- Net shares added (approx.): 11,362 − 4,079 = 7,283 shares.
- Holding: Some shares are held by the Michalek 2007 Family Trust (the reporting person and spouse are trustees).
- Footnotes: RSUs represent one share each; several RSU grants with differing vest schedules are referenced (monthly and quarterly vesting schedules per footnotes F4–F6).
- Amount owned following the transaction is not provided in the excerpt.
Context
- This was not an open‑market purchase or a sale; it was the routine vesting/settlement of RSU awards with shares withheld to cover taxes (a common, administrative action).
- RSUs are contingent awards that convert to shares upon vesting; the M entries reflect conversion of the derivative award into shares and the F entry reflects tax withholding.
- Such withholding transactions are standard and do not necessarily indicate a change in insider sentiment.
Insider Transaction Report
Form 4
Michalek Libor
DirectorPresident
Transactions
- Exercise/Conversion
Class A Common Stock
2026-03-01+11,362→ 218,359 total - Tax Payment
Class A Common Stock
[F1]2026-03-01$46.98/sh−4,079$191,631→ 214,280 total - Exercise/Conversion
Restricted Stock Units
[F3][F4]2026-03-01−2,336→ 14,015 total→ Class A Common Stock (2,336 underlying) - Exercise/Conversion
Restricted Stock Units
[F3][F5]2026-03-01−3,707→ 37,074 total→ Class A Common Stock (3,707 underlying) - Exercise/Conversion
Restricted Stock Units
[F3][F6]2026-03-01−5,319→ 53,195 total→ Class A Common Stock (5,319 underlying)
Holdings
- 868,114(indirect: By Trust)
Class A Common Stock
[F2]
Footnotes (6)
- [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]The shares are held by the Michalek 2007 Family Trust dated March 21, 2007. The Reporting Person and his spouse are trustees of the trust.
- [F3]Each Restricted Stock Unit (RSU) represents a contingent right to receive one share of the Issuer's Class A Common Stock.
- [F4]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.
- [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.
- [F6]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.
Signature
/s/ Josh Samples, Attorney-in-Fact|2026-03-03