Michalek Libor 4

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.