Quarles Christa S 4
Research Summary
AI-generated summary
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.