Form 4 for AFRM Affirm Holdings, Inc.
Accepted 2026-01-07 00:00:00 ET · period of report 2026-01-05 · accession 0001628280-26-001248 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2026-01-07 | 2026-01-05 | AFRM | Levchin Max R | CEO, Dir, 10% | M - OptEx | $49.00 | +666.7K | 666.7K | New | +$32.67M |
| DM | 2026-01-07 | 2026-01-05 | AFRM | Levchin Max R | CEO, Dir, 10% | S - Sale+OE | $80.62 | -666.7K | 0 | -100% | -$53.75M |
| D | 2026-01-07 | 2026-01-05 | AFRM | Levchin Max R | CEO, Dir, 10% | M - OptEx | $0.00 | -666.7K | 10.50M | -6% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Class A Common Stock | 2026-01-05 | M | A | 666,666 | $49.00 | 666,666 | D | — | — | (F1) The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on March 17, 2025. |
| 2 | Common | Class A Common Stock | 2026-01-05 | S | D | 553,554 | $80.52 | 113,112 | D | — | — | (F1) The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on March 17, 2025. (F2) Represents the weighted average sale price of the shares sold from $80.00 to $80.997 per share. The Reporting Person will provide, upon request by the Commission staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. |
| 3 | Common | Class A Common Stock | 2026-01-05 | S | D | 113,112 | $81.12 | 0 | D | — | — | (F1) The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on March 17, 2025. (F3) Represents the weighted average sale price of the shares sold from $81.00 to $81.40 per share. The Reporting Person will provide, upon request by the Commission staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. |
| 4 | Derivative | Performance Based Stock Options | 2026-01-05 | M | D | 666,666 | $0.00 | 10,500,002 | D | $49.00 · — to 2031-01-12 | 666,666 Class A Common Stock | (F1) The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on March 17, 2025. (F5) The Reporting Person was granted a multi-year performance-based stock option (the "Value Creation Award") on January 12, 2021. The Value Creation Award is divided into ten tranches which the Reporting Person may earn by satisfying a performance condition within a five-year period from the date of grant, subject to the Reporting Person's continued service to the Issuer. The earned tranches of the Value Creation Award becomes vested and exercisable upon the satisfaction of a time condition. Any portion of the Value Creation Award that has not been earned by the fifth anniversary of the grant date will be forfeited. As of January 5, 2026, the Reporting Person has earned 4,000,000 stock options, all of which have vested. |