Quarles Christa S 4
4 · Affirm Holdings, Inc. · Filed Apr 3, 2026
Research Summary
AI-generated summary of this filing
Affirm (AFRM) Director Christa Quarles Transfers Shares
What Happened
Christa S. Quarles, a director of Affirm Holdings, transferred a total of 63,907 shares of Affirm stock to her former spouse pursuant to a divorce settlement. The filing shows a transfer of 3,462 shares on 2026-04-01 for $0 and the conversion and subsequent transfer of 60,445 Class B shares on 2026-04-02; all transfers were for no consideration (no proceeds).
Key Details
- Transaction dates: 2026-04-01 (3,462 shares) and 2026-04-02 (60,445 shares converted and transferred).
- Prices/values: Transfers reported at $0 (no consideration); conversion entry shows Class B → Class A conversion (no cash amount).
- Shares transferred: 63,907 total.
- Shares owned after transaction: The reporting person states she no longer beneficially owns the securities transferred.
- Footnotes: F1 — transfers were to former spouse pursuant to a divorce settlement, for no consideration. F2 — each Class B share is convertible 1:1 into Class A common stock and has no expiration.
- Filing timeliness: Form 4 filed 2026-04-03; appears to have been filed timely relative to the reported transaction dates.
Context
These were transfers as part of a divorce settlement, not open-market sales or purchases, so they do not necessarily indicate a change in the director’s view of the company. The transaction included a conversion of Class B shares into Class A shares (1:1) before the transfer; no proceeds or option exercises were reported.
Insider Transaction Report
- Other
Class A Common Stock
[F1]2026-04-01−3,462→ 122,358 total - Conversion
Class A Common Stock
[F2]2026-04-02+60,445→ 182,803 total - Other
Class A Common Stock
[F1]2026-04-02−60,445→ 122,358 total - Conversion
Class B Common Stock
[F2]2026-04-02−60,445→ 60,445 total→ Class A Common Stock (60,445 underlying)
Footnotes (2)
- [F1]Represents a transfer of shares to the reporting person's former spouse pursuant to a divorce settlement agreement. The transfer was for no consideration. The reporting person no longer beneficially owns the securities transferred.
- [F2]Each share of the Issuer's Class B common stock, par value $0.00001 per share ("Class B Common Stock"), is convertible at any time into one share of the Issuer's Class A common stock, par value $0.00001 per share. The Class B Common Stock has no expiration date.