Form 4: Affirm Holdings President Libor Michalek Reports Stock Transactions
SEC Form 4 Filing
Affirm Holdings' President, Libor Michalek, filed a Form 4 detailing stock transactions including the vesting of restricted stock units and shares withheld for tax obligations.
Summary
- On February 1, 2025, Libor Michalek, President of Affirm Holdings, reported transactions involving Class A Common Stock.
- These transactions included the vesting of 2,336 Restricted Stock Units (RSUs) which converted into Class A Common Stock.
- 836 shares were withheld to cover tax obligations related to the RSU vesting at a price of $61.07 per share.
- Following these transactions, Michalek directly owns 168,886 shares of Class A Common Stock.
- Additionally, 868,114 shares are held indirectly through the Michalek 2007 Trust dated March 21, 2007, for which Michalek and his spouse serve as trustees.
- Michalek also directly owns 44,377 Restricted Stock Units.
Sentiment
Score: 5
Explanation: This is a neutral document detailing routine stock transactions. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, which is standard practice for publicly traded companies. It provides transparency into the executive's holdings and transactions in the company's stock.
Comparison to Industry Standards
- Form 4 filings are a standard requirement for officers and directors of publicly traded companies in the United States, as mandated by the Securities and Exchange Commission (SEC).
- Similar filings are made by executives at companies like Block (SQ), PayPal (PYPL), and Upstart (UPST) when they engage in transactions involving their company's stock.
- The level of detail provided in this Form 4 is consistent with SEC regulations and industry norms for such disclosures.
Stakeholder Impact
- The filing provides transparency to shareholders regarding executive compensation and stock ownership.
- The transactions themselves are unlikely to have a significant impact on other stakeholders.
Key Dates
| Date | Description |
|---|---|
| March 21, 2007 | Date of the Michalek 2007 Family Trust |
| October 1, 2022 | Start date for monthly vesting of Restricted Stock Units |
| February 1, 2025 | Date of reported stock transactions, including RSU vesting and tax withholding |
| February 4, 2025 | Date of signature on the Form 4 filing |
Keywords
Form 4, Affirm Holdings, Libor Michalek, Stock Transactions, Restricted Stock Units, Class A Common Stock, Beneficial Ownership
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