Adkins Katherine 4
4 · Affirm Holdings, Inc. · Filed Apr 2, 2026
Research Summary
AI-generated summary of this filing
Affirm (AFRM) CLO Katherine Adkins Receives 1,401 Shares (RSU Vest)
What Happened Katherine Adkins, Chief Legal Officer of Affirm (AFRM), had 1,401 restricted stock units (RSUs) vest on April 1, 2026. The RSUs converted into 1,401 shares; 634 of those shares were withheld to satisfy tax withholding at $45.54 per share (total $28,872), leaving a net 767 shares delivered to her. The Form 4 shows the conversion of the derivative RSUs (transaction code M) and the tax withholding (code F).
Key Details
- Transaction date: April 1, 2026; Form 4 filed April 2, 2026 (timely).
- Conversion: 1,401 RSUs converted to 1,401 shares (M).
- Tax withholding: 634 shares withheld at $45.54/share to cover taxes (F) — $28,872 reported.
- Net shares delivered to insider: 767 shares (1,401 issued − 634 withheld).
- Shares owned after transaction: not specified in the provided filing excerpt.
- Footnotes: F1–F3 indicate the withheld shares satisfied tax on RSUs that vested April 1, 2026; each RSU equals one share; the RSU grant vests in 48 equal monthly installments starting Oct 1, 2022 and has no expiration.
Context This is a routine RSU vesting and tax-withholding transaction, not an open-market sale or purchase. RSU conversions and share-withholding for taxes are common compensation events and do not, by themselves, indicate a buy or sell signal about the insider’s view on the company.
Insider Transaction Report
- Exercise/Conversion
Class A Common Stock
2026-04-01+1,401→ 139,176 total - Tax Payment
Class A Common Stock
[F1]2026-04-01$45.54/sh−634$28,872→ 138,542 total - Exercise/Conversion
Restricted Stock Units
[F2][F3]2026-04-01−1,401→ 7,008 total→ Class A Common Stock (1,401 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.