Affirm Holdings Inc
For the period ended Dec 31, 2023. Filed Feb 8, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Dec 31, 2023 · Filed Feb 8, 2024
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Item 5. Other Information
Rule 10b5-1 Trading Plans
During the quarter ended December 31, 2023, the following directors and officers, as defined in Rule 16a-1(f) of the Exchange Act, adopted a “Rule 10b5-1 trading arrangement” as defined in Regulation S-K Item 408, as follows:
On December 13, 2023, Libor Michalek, our President and a member of our Board of Directors, adopted a Rule 10b5-1 trading arrangement that is intended to satisfy the affirmative defense conditions of Exchange Act Rule
10b5-1(c) (a “Rule 10b5-1 Trading Plan”). Mr. Michalek’s Rule 10b5-1 Trading Plan provides for the exercise of up to 600,000 employee stock options and sale of the underlying shares of our Class A common stock pursuant to one or more limit orders from March 13, 2024 until January 31, 2025, or earlier if all transactions under the trading arrangement are completed.
On December 14, 2023, Katherine Adkins, our Chief Legal Officer and Chief Compliance Officer, adopted a Rule 10b5-1 Trading Plan. Ms. Adkins’ Rule 10b5-1 Trading Plan provides for the sale of up to 335,000 shares of our Class A common stock, including the sale of underlying shares upon the exercise of employee stock options, pursuant to one or more limit orders from March 14, 2024 until July 31, 2024, or earlier if all transactions under the trading arrangement are completed.
On December 14, 2023, Keith Rabois, amember of our Board of Directors, adopted a Rule 10b5-1 Trading Plan. Mr. Rabois’ Rule 10b5-1 Trading Plan provides for the sale of up to 55,655 shares of our Class A common stock from March 14, 2024 until August 30, 2024, or earlier if all transactions under the trading arrangement are completed.
No other directors or officers, as defined in Rule 16a-1(f), adopted and/orterminated a “Rule 10b5-1 trading arrangement” or a “non-Rule 10b5-1 trading arrangement,” as defined in Regulation S-K Item 408, during the quarter ended December 31, 2023.
On December 15, 2023, the Company entered into a Rule 10b5-1 Trading Plan. The Company’s 10b5-1 Trading Plan provides for the repurchase of up to $400 million aggregate principal amount of the Company’s 0% Senior Convertible Notes due 2026 from February 1, 2024 until April 30, 2024, or earlier if all transactions under the trading arrangement are completed.
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