Form 4: Affirm Holdings COO Michael Linford Reports Stock Transactions
SEC Form 4 Filing
Chief Operating Officer Michael Linford reports stock transactions involving Affirm Holdings, including the vesting and tax withholding of restricted stock units.
Summary
- Michael Linford, the Chief Operating Officer of Affirm Holdings, reported transactions involving the company's stock on April 1, 2025.
- These transactions included the vesting of 8,948 Class A Common Stock shares from Restricted Stock Units (RSUs).
- Linford also had 3,314 shares withheld to cover tax obligations related to the RSU settlement at a price of $45.51 per share.
- Following these transactions, Linford directly owns 100,690 shares of Class A Common Stock.
- He also holds 6,613 RSUs from one grant and 39,706 RSUs from another grant.
Sentiment
Score: 5
Explanation: This is a neutral report of stock transactions, with no inherent positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their stock transactions. It's a standard practice for executives to receive and vest stock options and RSUs as part of their compensation.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect routine executive compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 01/01/2021 | Vesting commencement date for one RSU grant. |
| 10/01/2022 | Start date for monthly vesting installments for another RSU grant. |
| 04/01/2025 | Date of stock transactions (vesting and tax withholding). |
| 04/03/2025 | Date of signature on the Form 4 filing. |
Keywords
Affirm Holdings, AFRM, Michael Linford, Form 4, SEC Filing, Stock Transactions, Restricted Stock Units, RSUs, Beneficial Ownership, Chief Operating Officer
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