Adkins Katherine 4

4 · Affirm Holdings, Inc. · Filed Jun 3, 2026

AI-generated summary of this filing

Updated Jun 3, 2026

Affirm (AFRM) CLO Katherine Adkins Receives RSUs; 4,793 Shares Withheld

What Happened

Katherine Adkins, Chief Legal Officer of Affirm (AFRM), had restricted stock units (RSUs) settle on June 1, 2026, resulting in 10,590 shares issued (transaction code M, exercise/conversion of derivative at $0.00). To cover tax withholding (transaction code F), 4,793 of those shares were withheld at $72.91 per share for a total tax-withholding value of $349,458. Net shares issued to Adkins after withholding: 5,797 shares.
This was not an open-market buy or sell. The $0.00 exercise price indicates RSU settlement (award vesting), with shares withheld to satisfy tax obligations (cashless withholding), a routine administrative step.

Key Details

Transaction date: June 1, 2026; Form 4 filed June 3, 2026 (timely).
Withheld shares: 4,793 @ $72.91 = $349,458 (tax withholding, code F).
Shares issued/settled: 10,590 (code M, conversion of RSUs at $0.00).
Net shares issued to insider after withholding: 5,797.
Shares owned after the transaction: not specified in the filing.
Footnotes: F1 = tax-withholding repurchase; F2 = each RSU = 1 share; F3–F6 = vesting schedules for various RSU grants (monthly and quarterly vesting schedules referenced in the filing). No 10b5-1 plan or late filing indicated.

Context

This was a routine RSU vesting and tax-withholding event (cashless settlement), not a purchase or a market sale that signals a directional bet. For retail investors, vested awards reflect compensation recognition rather than insider buying/selling intent.

Form 4

Period: 2026-06-01

Chief Legal Officer

Transactions

Exercise/Conversion
Class A Common Stock
2026-06-01+10,590→ 149,899 total
Tax Payment
Class A Common Stock
[F1]
2026-06-01$72.91/sh−4,793$349,458→ 145,106 total
Exercise/Conversion
Restricted Stock Units
[F2][F3]
2026-06-01−1,401→ 4,206 total
→ Class A Common Stock (1,401 underlying)
Exercise/Conversion
Restricted Stock Units
[F2][F4]
2026-06-01−5,085→ 25,429 total
→ Class A Common Stock (5,085 underlying)
Exercise/Conversion
Restricted Stock Units
[F2][F5]
2026-06-01−2,482→ 22,342 total
→ Class A Common Stock (2,482 underlying)
Exercise/Conversion
Restricted Stock Units
[F2][F6]
2026-06-01−1,622→ 14,598 total
→ Class A Common Stock (1,622 underlying)

Footnotes (6)

[F1]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.
[F2]Each Restricted Stock Unit (RSU) represents a contingent right to receive one share of the Issuer's Class A Common Stock.
[F3]The RSUs vest in 48 equal monthly installments beginning October 1, 2022, subject to the Reporting Person's continuous service with the Issuer as of each vesting date. This grant has no expiration date.
[F4]The RSUs vest in 16 equal quarterly installments beginning September 1, 2024, subject to the Reporting Person's continuous service with the Issuer as of each vesting date. This grant has no expiration date.
[F5]The RSUs vest in 16 equal quarterly installments beginning September 1, 2025, subject to the Reporting Person's continuous service 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 December 1, 2025, the vesting commencement date, subject to the Reporting Person's continued employment with the Issuer as of each vesting date. This grant has no expiration date.

Signature

/s/ Josh Samples, Attorney-in-Fact|2026-06-03

1 file