Linford Michael 4
4 · Affirm Holdings, Inc. · Filed Apr 2, 2026
Research Summary
AI-generated summary of this filing
Affirm (AFRM) COO Michael Linford Exercises RSUs, Sells Shares
What Happened
Michael Linford, Chief Operating Officer of Affirm (AFRM), had 2,335 restricted stock units (RSUs) convert to shares on April 1, 2026 (transaction code M). To satisfy tax withholding obligations, 975 of those shares were withheld/disposed at $45.54 per share, generating $44,402 (transaction code F). The net shares issued to him from this vesting were 1,360 (2,335 − 975). This was a routine RSU vesting and withholding, not an open‑market sale.
Key Details
- Transaction date: April 1, 2026; Form 4 filed April 2, 2026 (timely — within the typical 2‑business‑day window).
- Reported entries: 2,335 RSUs converted/settled (M) at $0; 975 shares withheld for taxes (F) at $45.54, total value $44,402. The filing also lists the derivative conversion/disposition entries associated with settlement.
- Net shares received from this vesting: 1,360 shares (2,335 vested − 975 withheld).
- Shares owned after transaction: not disclosed in the provided excerpt.
- Footnotes: F1 confirms 975 shares were withheld to satisfy tax obligations on the RSU settlement; F2 notes each RSU equals one Class A common share; F3 explains these RSUs vest in 48 equal monthly installments beginning Oct 1, 2022 (subject to continued service) and have no expiration.
Context
This was a scheduled RSU vesting with share withholding for taxes (a common payroll/tax settlement), not an open‑market sale or separate cash purchase. Such withholdings are administrative and do not necessarily indicate a change in insider sentiment.
Insider Transaction Report
- Exercise/Conversion
Class A Common Stock
2026-04-01+2,335→ 110,546 total - Tax Payment
Class A Common Stock
[F1]2026-04-01$45.54/sh−975$44,402→ 109,571 total - Exercise/Conversion
Restricted Stock Units
[F2][F3]2026-04-01−2,335→ 11,680 total→ Class A Common Stock (2,335 underlying)
Footnotes (3)
- [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 April 1, 2026.
- [F2]Each Restricted Stock Unit (RSU) represents a contingent right to receive one share of the Issuer's Class A Common Stock.
- [F3]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.