Linford Michael 4

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.