Affirm (AFRM) Chief Accounting Officer Exercises RSUs; Shares Withheld

What Happened Jiyane Siphelele, Chief Accounting Officer of Affirm (AFRM), had restricted stock units (RSUs) convert into common shares on September 1, 2026. The filing shows 9,038 shares acquired upon conversion (reported as derivative exercise/conversion at $0.00). To satisfy tax withholding, 3,558 of those shares were withheld and reported as disposed at $69.94 per share, totaling $248,847. Additional conversion/disposition lines (2,083; 3,333; 2,500; 1,122 shares) were recorded as derivative exercises/conversions at $0.00 and marked disposed in the filing (these entries reflect the conversion/settlement of vested RSUs).

Key Details

• Transaction date: September 1, 2026; Form 4 filed September 3, 2026 (appears within the typical two-business-day reporting window).
• Main entries: 9,038 shares acquired via RSU conversion (M); 3,558 shares withheld for taxes (F) at $69.94/share = $248,847.
• Other derivative conversion/disposition lines: 2,083; 3,333; 2,500; 1,122 shares (each reported as exercise/conversion, $0.00).
• Shares owned after the transactions: not specified in the provided filing details.
• Footnotes of note:
  • F1: 3,558 shares withheld to satisfy tax obligations on vested RSUs.
  • F2–F6: Describe that each RSU equals one share and vest in equal quarterly installments over three years from various commencement dates (March 1, 2024; June 1, 2024; Sept 1, 2024; Sept 1, 2025), subject to continued employment.

Context This filing documents vesting/settlement of RSUs (a compensation event) and the routine tax withholding of shares — not an open-market sale initiated by the insider. The $0.00 exercise price lines reflect that RSUs convert to shares without an exercise payment; the withholding (F) is a common cashless mechanism to cover tax liability. No 10b5-1 plan or gift/10%‑owner flags are indicated in the items provided.