Linford Michael 4

What Happened

• Michael Linford, COO of Affirm Holdings (AFRM), had 2,336 restricted stock units (RSUs) vest on July 1, 2026. The RSUs converted into common shares (reported as derivative conversion, code M).
• To satisfy tax withholding obligations (code F), 972 of those shares were withheld at a per-share rate of $83.85, generating $81,502 in withholding. That leaves approximately 1,364 net shares delivered to Linford. The reported exercise/conversion price is $0.00 because these were RSU settlements rather than option purchases.

Key Details

• Transaction date: July 1, 2026.
• Vested/converted: 2,336 RSUs -> 2,336 shares (reported as M, conversion of derivative).
• Tax withholding: 972 shares withheld @ $83.85/share = $81,502 (reported as F).
• Net shares delivered: ~1,364 shares (2,336 − 972), valued at ~ $83.85/share ≈ $114,370 (approx.).
• Shares owned after transaction: Not disclosed in this filing.
• Footnotes: F1–F3 state these were RSUs that vested and that each RSU equals one share; the grant vests in 48 equal monthly installments beginning Oct 1, 2022, and has no expiration.
• Filing/timeliness: Report filed July 6, 2026; the report does not indicate a late-filing flag.

Context

• This was a routine equity award vesting (RSU settlement) rather than an open-market buy or sale. The withholding of shares to cover taxes is common for RSU settlements and does not by itself indicate a buy/sell signal.
• Transaction codes: M = exercise/conversion of a derivative (here, RSU settlement), F = payment of exercise price or tax liability (here, share withholding for taxes).