Form 4: Affirm Holdings CFO Michael Linford Reports Stock Transactions
SEC Form 4 Filing
Affirm Holdings' CFO, Michael Linford, reports the vesting and subsequent tax withholding of Class A Common Stock and Restricted Stock Units.
Summary
- On April 1, 2024, Michael Linford, CFO of Affirm Holdings, Inc., engaged in transactions involving Class A Common Stock and Restricted Stock Units (RSUs).
- Linford acquired 8,947 shares of Class A Common Stock through the vesting of RSUs at a price of $0.
- Simultaneously, 2,573 shares were withheld to cover tax obligations at a price of $34.83 per share.
- Following these transactions, Linford directly owns 114,962 shares of Class A Common Stock.
- Additionally, 2,335 and 6,612 Restricted Stock Units vested, resulting in a decrease of the amount of derivative securities beneficially owned.
- After the reported transactions, Linford directly owns 67,733 and 33,062 Restricted Stock Units respectively.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock transactions, with no inherent positive or negative sentiment.
Industry Context
Form 4 filings are standard practice for reporting transactions by company insiders, providing transparency to investors.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect standard executive compensation practices.
Key Dates
| Date | Description |
|---|---|
| 01/01/2021 | Vesting commencement date for one of the RSU grants. |
| 10/01/2022 | Start date for monthly vesting of 2,335 RSUs. |
| 04/01/2024 | Date of the reported stock transactions, including vesting of RSUs and tax withholding. |
| 04/03/2024 | Date of the signature on the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.