Form 4: Affirm Holdings CFO Robert O'Hare Reports Stock Transactions
SEC Form 4 Filing
Robert O'Hare, CFO of Affirm Holdings, reports the vesting and subsequent tax withholding of Class A Common Stock.
Summary
- On April 1, 2025, Robert O'Hare, the Chief Financial Officer of Affirm Holdings, Inc., engaged in transactions involving Class A Common Stock and Restricted Stock Units (RSUs).
- O'Hare acquired 3,802 shares of Class A Common Stock upon the vesting of Restricted Stock Units.
- Simultaneously, 1,931 shares were withheld to cover tax obligations at a price of $45.51 per share.
- Following these transactions, O'Hare directly owns 10,789 shares of Class A Common Stock.
- O'Hare also directly owns 3,803 Restricted Stock Units.
- The RSUs vest over four and one-half years, starting January 1, 2021, with the remaining shares vesting quarterly over the following four years, subject to continued employment.
Sentiment
Score: 5
Explanation: This is a neutral, regulatory filing detailing stock transactions. It doesn't inherently indicate positive or negative sentiment about the company's performance.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their transactions in the company's stock. It's a standard practice for publicly traded companies.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies and their insiders, such as executives and directors.
- Similar filings are made by executives at companies like Block (SQ), PayPal (PYPL), and Upstart (UPST) when they trade their company's stock.
- The vesting schedules and tax withholding practices are also common across the industry.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect insider activity related to compensation and tax obligations.
- Employees holding RSUs are indirectly affected as this shows the vesting process and tax implications.
Key Dates
| Date | Description |
|---|---|
| January 1, 2021 | Vesting commencement date for Restricted Stock Units. |
| April 1, 2025 | Date of transaction involving Class A Common Stock and Restricted Stock Units. |
| April 3, 2025 | Date of signature for the Form 4 filing. |
| January 13, 2028 | Expiration date of the Restricted Stock Units. |
Keywords
Affirm Holdings, AFRM, Robert O'Hare, CFO, Class A Common Stock, Restricted Stock Units, RSU, Form 4, SEC Filing, Beneficial Ownership, Insider Trading
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