Jiyane Siphelele 4
4 · Affirm Holdings, Inc. · Filed Jun 3, 2026
Research Summary
AI-generated summary of this filing
Affirm (AFRM) CAO Jiyane Siphelele Exercises RSUs, Sells Shares
What Happened
Jiyane Siphelele, Chief Accounting Officer of Affirm (AFRM), had a set of restricted stock units (RSUs) vest and convert into 11,547 shares on June 1, 2026. Of those, 4,546 shares were withheld to satisfy tax obligations at a value of $72.91 per share, totaling about $331,449. The 11,547 shares include 361 shares purchased under Affirm’s employee stock purchase plan; after withholding, Siphelele received approximately 7,001 shares net. These were vesting/conversion events (non‑cash), not open‑market purchases or discretionary sales except for the tax withholding.
Key Details
- Transaction date: June 1, 2026; Form 4 filed June 3, 2026 (timely).
- Main entries: 11,547 shares issued on conversion/vesting (code M); 4,546 shares withheld for tax payment (code F) at $72.91/share = $331,449.
- Net shares delivered to insider: ~7,001 shares (11,547 issued − 4,546 withheld).
- Footnotes: includes 361 ESPP shares (exempt purchase). Multiple footnotes (F3–F9) indicate these were RSU grants with various vesting schedules; F2 confirms the withheld shares were for tax withholding on RSU settlement.
- Shares owned after transaction: not specified in the provided filing excerpt.
- Filing timeliness: filed within the normal Form 4 window (no late filing indicated).
Context
These entries reflect routine RSU vesting and tax withholding (derivative conversion), not an open‑market investment decision. Transaction codes: M = exercise/conversion of derivative (RSU settlement here), F = payment of tax liability via share withholding. Withheld shares to cover taxes are common and do not necessarily signal a change in insider sentiment; no market sale beyond withholding was reported.
Insider Transaction Report
- Exercise/Conversion
Class A Common Stock
[F1]2026-06-01+11,547→ 239,757 total - Tax Payment
Class A Common Stock
[F2]2026-06-01$72.91/sh−4,546$331,449→ 235,211 total - Exercise/Conversion
Restricted Stock Units
[F3][F4]2026-06-01−1,667→ 0 total→ Class A Common Stock (1,667 underlying) - Exercise/Conversion
Restricted Stock Units
[F3][F5]2026-06-01−2,083→ 4,167 total→ Class A Common Stock (2,083 underlying) - Exercise/Conversion
Restricted Stock Units
[F3][F6]2026-06-01−3,334→ 10,000 total→ Class A Common Stock (3,334 underlying) - Exercise/Conversion
Restricted Stock Units
[F3][F7]2026-06-01−2,500→ 10,000 total→ Class A Common Stock (2,500 underlying) - Exercise/Conversion
Restricted Stock Units
[F3][F8]2026-06-01−842→ 0 total→ Class A Common Stock (842 underlying) - Exercise/Conversion
Restricted Stock Units
[F3][F9]2026-06-01−1,121→ 8,975 total→ Class A Common Stock (1,121 underlying)
Footnotes (9)
- [F1]Includes 361 shares of common stock purchased in an exempt transaction under the issuer's employee stock purchase plan.
- [F2]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 June 1, 2026.
- [F3]Each Restricted Stock Unit (RSU) represents a contingent right to receive one share of the Issuer's Class A Common Stock.
- [F4]The RSUs vest in equal quarterly installments for a period of three years beginning September 1, 2023, subject to the Reporting Person's continued employment with the Issuer as of each vesting date. This grant has no expiration date.
- [F5]The RSUs vest in equal quarterly installments for a period of three years beginning March 1, 2024, subject to the Reporting Person's continued employment with the Issuer as of each vesting date. This grant has no expiration date.
- [F6]The RSUs vest in equal quarterly installments for a period of three years beginning June 1, 2024, subject to the Reporting Person's continued employment with the Issuer as of each vesting date. This grant has no expiration date.
- [F7]The RSUs vest in equal quarterly installments for a period of three years beginning September 1, 2024, subject to the Reporting Person's continued employment with the Issuer as of each vesting date. This grant has no expiration date.
- [F8]The RSUs vest in equal quarterly installments for a period of one year beginning September 1, 2025, subject to the Reporting Person's continued employment with the Issuer as of each vesting date. This grant has no expiration date.
- [F9]The RSUs vest in equal quarterly installments for a period of three years beginning September 1, 2025, subject to the Reporting Person's continued employment with the Issuer as of each vesting date. This grant has no expiration date.