Linford Michael 4

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

AI-generated summary of this filing

Updated Jun 3, 2026

Affirm (AFRM) COO Michael Linford Receives RSUs; Tax-Withheld Shares

What Happened

Michael Linford, Chief Operating Officer of Affirm Holdings (AFRM), had restricted stock units (RSUs) settle on June 1, 2026. The filing shows 11,717 shares were issued (conversion/exercise of derivative at $0.00 per share), and 4,666 of those shares were withheld to satisfy tax obligations at $72.91 per share (totaling $340,198). Several additional conversion/disposition line items (2,335; 5,674; 3,708) appear in the filing reflecting RSU settlements across grants.

Key Details

Transaction date: June 1, 2026; filing date: June 3, 2026 (appears timely).
Conversion price: $0.00 per share (RSU settlement); tax-withheld price used: $72.91 per share.
Tax withholding: 4,666 shares withheld to satisfy the Reporting Person’s tax liability (value ≈ $340,198) — code F (tax withholding).
Conversion/exercise entries are coded M (exercise/conversion of derivative — here, RSU → common stock); one entry coded F for tax withholding.
Shares owned after the transaction: not specified in the provided excerpt of the filing.
Relevant footnotes: F1 confirms shares were withheld to satisfy tax obligations tied to RSUs vesting June 1, 2026; F2–F5 describe the RSU grants and their vesting schedules (monthly or quarterly vesting from 2022–2025 start dates).

Context

These transactions are compensation-related (RSU settlement) rather than open-market buys or voluntary sales. The $0 exercise price and the withholding indicate a typical “settle-and-withhold” process (similar to a sell-to-cover) to pay taxes on vested RSUs. Such routine vesting/withholding transactions generally reflect compensation events, not a direct buy or bearish sell signal.

Form 4

Period: 2026-06-01

Chief Operating Officer

Transactions

Exercise/Conversion
Class A Common Stock
2026-06-01+11,717→ 122,650 total
Tax Payment
Class A Common Stock
[F1]
2026-06-01$72.91/sh−4,666$340,198→ 117,984 total
Exercise/Conversion
Restricted Stock Units
[F2][F3]
2026-06-01−2,335→ 7,009 total
→ Class A Common Stock (2,335 underlying)
Exercise/Conversion
Restricted Stock Units
[F2][F4]
2026-06-01−5,674→ 51,067 total
→ Class A Common Stock (5,674 underlying)
Exercise/Conversion
Restricted Stock Units
[F2][F5]
2026-06-01−3,708→ 33,366 total
→ Class A Common Stock (3,708 underlying)

Footnotes (5)

[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, 2025, 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 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.

Signature

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

1 file