Form 4: Affirm Holdings Chief Legal Officer Reports Stock Transactions
SEC Form 4 Filing
Katherine Adkins, Chief Legal Officer of Affirm Holdings, reports the acquisition and disposal of Class A Common Stock and Restricted Stock Units on November 1, 2024.
Summary
- On November 1, 2024, Katherine Adkins, Chief Legal Officer of Affirm Holdings, engaged in transactions involving the company's Class A Common Stock and Restricted Stock Units (RSUs).
- Adkins acquired 1,873 shares of Class A Common Stock at $0 and disposed of 850 shares at $43.22 to cover tax obligations.
- She also exercised RSUs, converting them into Class A Common Stock: 166 RSUs from a grant vesting monthly after June 1, 2021, 305 RSUs from a grant vesting monthly after February 1, 2022, and 1,402 RSUs from a grant vesting monthly after October 1, 2022.
- Following these transactions, Adkins directly owns 93,545 shares of Class A Common Stock and holds 36,258 RSUs.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by a company executive. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities in the company's stock.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in beneficial ownership of the company's stock.
Key Dates
| Date | Description |
|---|---|
| June 1, 2021 | Start date for monthly vesting of 166 RSUs. |
| February 1, 2022 | Start date for monthly vesting of 305 RSUs. |
| October 1, 2022 | Start date for monthly vesting of 1,402 RSUs. |
| November 1, 2024 | Date of stock and RSU transactions. |
| November 5, 2024 | Date of Form 4 signature. |
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