Quarles Christa S 4

What Happened

• Christa S. Quarles, a director of Affirm Holdings, Inc. (AFRM), received a grant of 655 restricted stock units (RSUs) on July 1, 2026. The RSUs were granted at $0.00 (no cash paid) and represent contingent rights to receive shares in the future. The award will vest in full on July 1, 2027. Each RSU converts into one share of the issuer’s Class A common stock upon settlement.

Key Details

• Transaction date: July 1, 2026; Transaction code: A (award/grant).
• Price: $0.00 per RSU (typical for RSU awards); total cash paid = $0.
• Vesting: RSUs vest in full on July 1, 2027 (one-year cliff as disclosed).
• Conversion: Each RSU equals one share of Class A common stock (per filing). Separately, the filing notes Class B shares are convertible 1:1 into Class A shares.
• Shares owned after transaction: Not specified in the reported data.
• Filing date on SEC: July 6, 2026 (the Form 4 reports the July 1 grant).

Context

• RSU grants are a form of equity compensation for directors and typically do not require an immediate cash outlay; they become shares only if/when they vest. Such awards are routine compensation and do not necessarily signal a personal buy or sell decision. For retail investors, outright purchases or sales by insiders are often more directly informative about sentiment than time‑based awards.