Form 4: Affirm Holdings VP Siphelele Jiyane Reports Stock Transactions
SEC Form 4
Affirm Holdings' Vice President and Controller, Siphelele Jiyane, reports the vesting and subsequent tax withholding of Class A Common Stock and Restricted Stock Units.
Summary
- On March 1, 2024, Siphelele Jiyane, Vice President and Controller of Affirm Holdings, Inc., reported transactions involving Class A Common Stock and Restricted Stock Units (RSUs).
- Jiyane acquired 9,495 shares of Class A Common Stock through the vesting of RSUs.
- 3,790 shares were withheld to satisfy tax obligations at a price of $38.01 per share.
- Following these transactions, Jiyane directly owns 197,775 shares of Class A Common Stock.
- The transactions also involved the vesting of various tranches of RSUs, resulting in adjustments to the number of RSUs beneficially owned.
- The RSUs vest in monthly or quarterly installments, contingent upon continued employment with Affirm Holdings.
Sentiment
Score: 5
Explanation: This is a neutral report on stock transactions by a company insider, with no inherent positive or negative implications.
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.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect routine insider activity related to compensation.
Key Dates
| Date | Description |
|---|---|
| 03/01/2024 | Date of transactions involving Class A Common Stock and Restricted Stock Units. |
| 03/05/2024 | Date of signature by Attorney-in-Fact. |
| 10/01/2020 | Start date of monthly vesting for some RSUs. |
| 07/01/2021 | Start date of monthly vesting for some RSUs. |
| 09/01/2022 | Start date of monthly vesting for some RSUs. |
| 08/01/2023 | End date of monthly vesting for some RSUs. |
| 09/01/2023 | Start date of quarterly vesting for some RSUs. |
| 10/26/2027 | Expiration date for some Restricted Stock Units. |
| 07/14/2028 | Expiration date for some Restricted Stock Units. |
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