Affirm (AFRM) CLO Katherine Adkins Receives RSU Shares

What Happened

• Katherine Adkins, Chief Legal Officer of Affirm Holdings (AFRM), had 1,401 restricted stock units (RSUs) vest on August 1, 2026. The RSUs converted into 1,401 shares of Class A common stock (reported as an exercise/conversion of a derivative).
• To satisfy tax withholding, 634 of those shares were withheld (disposed) at $71.51 per share, totaling $45,337. Net shares delivered to Adkins were 767 shares (1,401 vested − 634 withheld). The gross value of the 1,401 shares at $71.51 is about $100,187.

Key Details

• Transaction date: August 1, 2026; Form 4 filed August 4, 2026 (no late-filing notation in the filing).
• Reported transactions: conversion of 1,401 RSUs into common shares (code M) and withholding of 634 shares to cover tax obligations (code F).
• Withholding amount: 634 shares × $71.51 = $45,337.
• Net shares retained: 767 shares.
• Shares owned after transaction: not disclosed in this filing.
• Footnotes: F1 confirms the 634 shares were withheld to satisfy tax obligations on vested RSUs; F2 notes each RSU equals one common share; F3 shows the RSUs vest in 48 equal monthly installments beginning Oct 1, 2022 (this grant has no expiration).

Context

• This was a standard RSU vesting and tax-withholding event (routine for equity-compensated executives), not a market purchase or open-market sale. The conversion of RSUs to shares and the withholding to cover taxes are common and do not by themselves indicate a buy/sell signal.
• For clarity: the Form 4 reports the derivative conversion (RSU → shares) and the shares withheld for taxes (disposition).