Adkins Katherine 4

4 · Affirm Holdings, Inc. · Filed Jul 6, 2026

AI-generated summary of this filing

Updated Jul 6, 2026

Affirm (AFRM) CLO Katherine Adkins Receives RSUs; 635 Shares Withheld

What Happened

Katherine Adkins, Chief Legal Officer of Affirm (AFRM), had 1,402 restricted stock units (RSUs) convert into 1,402 shares on July 1, 2026 (reported as exercise/conversion of a derivative, code M). To satisfy tax withholding, 635 of those shares were withheld/disposed at $83.85 per share, a withholding value of $53,245. The RSU settlement itself shows no exercise price.

Key Details

Transaction date: 2026-07-01; Filing accession date: 2026-07-06.
Shares converted/received: 1,402 RSUs → 1,402 shares (conversion reported at $0.00 exercise price).
Shares withheld for taxes (disposed): 635 shares at $83.85 each; total withholding value reported $53,245.
Footnotes: F1 = shares withheld to satisfy tax obligations on RSU settlement; F2 = each RSU equals one share; F3 = the RSU grant vests in 48 equal monthly installments beginning Oct 1, 2022 (no expiration).
Shares owned after the transaction: not specified in the filing.
Timing: The Form 4 was filed on 2026-07-06 for a 2026-07-01 transaction (the filing occurred several days after the vesting date).

Context

This was a routine RSU vesting and tax-withholding event, not an open-market sale or purchase. Withholding shares to cover taxes (code F) is common and does not necessarily indicate a change in the insider's view of the company. The conversion of RSUs into shares is reported under derivative exercise rules (code M) because RSUs are contingent rights that convert into stock.

Form 4

Period: 2026-07-01

Chief Legal Officer

Transactions

Exercise/Conversion
Class A Common Stock
2026-07-01+1,402→ 146,508 total
Tax Payment
Class A Common Stock
[F1]
2026-07-01$83.85/sh−635$53,245→ 145,873 total
Exercise/Conversion
Restricted Stock Units
[F2][F3]
2026-07-01−1,402→ 2,804 total
→ Class A Common Stock (1,402 underlying)

Footnotes (3)

[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 July 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.

Signature

/s/ Josh Samples, Attorney-in-Fact|2026-07-06

1 file