Linford Michael 4

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.