Adkins Katherine 4

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.