Linford Michael 4

What Happened
Michael Linford, Chief Operating Officer of Affirm (AFRM), had 2,336 restricted stock units (RSUs) settle on May 1, 2026. The RSUs converted into 2,336 shares (transaction code M). To cover tax withholding, 974 of those shares were surrendered (transaction code F) at an implied value of $67.54 per share (total withheld ≈ $65,784), leaving a net 1,362 shares delivered to Linford.

Key Details

• Transaction date: May 1, 2026; Form filed May 5, 2026.
• Actions reported: conversion/settlement of 2,336 RSUs (M) and withholding of 974 shares for taxes (F) at $67.54/share (total ≈ $65,784).
• Net shares received: 2,336 − 974 = 1,362 shares.
• Shares owned after transaction: not disclosed in this Form 4.
• Footnotes: F1–F3 indicate these were RSUs that vested and converted to Class A common stock; RSUs vest monthly (48 monthly installments beginning Oct 1, 2022) and this grant has no expiration.
• No indication in the filing that this was part of a 10b5-1 plan or that the report was late.

Context
This was a routine RSU settlement with shares withheld to satisfy tax obligations — a common administrative event rather than an open-market buy or sell. The derivative code M here reflects conversion/settlement of RSUs (not a cash exercise of stock options). Tax-withholding dispositions (code F) typically do not signal a change in insider sentiment.