O'Hare Robert 4

What Happened
Robert O'Hare, Chief Financial Officer of Affirm (AFRM), had restricted stock units (RSUs) convert into 18,430 shares of Class A common stock on March 1, 2026 (reported on a Form 4 filed March 3, 2026). To cover tax withholding tied to the vesting, 9,380 shares were withheld/sold at $46.98 per share, generating proceeds of $440,672. The remaining shares (net +9,050 shares) were retained by O'Hare.

Key Details

• Transaction date: March 1, 2026; Form 4 filed March 3, 2026.
• Conversion/exercise code: M (exercise/conversion of derivative — here, RSUs converting to stock).
• Tax withholding/sale code: F — 9,380 shares disposed at $46.98 for $440,672 to satisfy tax obligations.
• Gross shares converted: 18,430 RSU shares; net shares retained after withholding: 9,050.
• Shares owned after transaction: not specified in the provided filing excerpt.
• Footnotes: F1 confirms shares were withheld to satisfy tax obligations on vested RSUs; F2–F9 describe the RSU award terms and vesting schedules (monthly/quarterly vesting, no expiration).
• Timeliness: Filing date is March 3, 2026 (covers the March 1 transaction); no late-filing flag noted in the supplied data.

Context
This was a routine RSU vesting and associated tax-withholding sale rather than an open-market decision to take profits or buy shares. Code explanations: M = conversion/exercise of a derivative (RSUs settled into shares); F = shares withheld/sold to pay taxes. Such withholding sales are common on vesting and do not necessarily indicate a change in insider sentiment.