Adkins Katherine 4

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.