Levchin Max R's Form 4 filing
Affirm Holdings, Inc.AFRM · filed Sep 24, 2025
- Accession no.
- 0001628280-25-042655
- Filed
- Sep 24, 2025
- Trade date
- Sep 22, 2025
- Filing delay
- 2 days
- Rule 10b5-1 plan
- Checked
This filing lists 5 non-derivative transactions and 1 derivative transaction. Open-market sales total $58.2M. It was filed 2 days after the trade.
Reporting owners
A Form 4 can have several reporting owners, such as a person and a fund they control. Trade tables show the first one.
| Owner | Relationship to the company |
|---|---|
| Levchin Max RCIK 0001539853 | Director, Officer (Chief Executive Officer), 10% Owner |
Non-derivative securities (Table I)
Acquisitions and disposals of common stock and similar shares, one row per line on the filing.
| Trade date | Security | Transaction | Shares | Price | Value | Shares after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Sep 22, 2025 | Class A Common Stock | MOption exerciseAcquired | +651,713 | $49.00 | +$31,933,937 | 651,713 | Direct | |
| Sep 22, 2025 | Class A Common Stock | SSaleDisposed | −185,832 | $88.46F2 | −$16,438,698.72 | 465,881 | Direct | |
| Sep 22, 2025 | Class A Common Stock | SSaleDisposed | −259,705 | $89.23F3 | −$23,173,477.15 | 206,176 | Direct | |
| Sep 22, 2025 | Class A Common Stock | SSaleDisposed | −202,582 | $90.02F4 | −$18,236,431.64 | 3,594 | Direct | |
| Sep 22, 2025 | Class A Common Stock | SSaleDisposed | −3,594 | $90.98F5 | −$326,982.12 | 0 | Direct |
Derivative securities (Table II)
Options, warrants, restricted stock units and similar. Shares are the underlying shares; price and value are for the derivative itself, and the holding after is in derivative units.
| Trade date | Security | Transaction | Underlying shares | Unit price | Value | Held after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Sep 22, 2025 | Class A Common Stock | MOption exerciseDisposed | −651,713 | $0.00 | $0 | 11,166,668 | Direct |
Footnotes and remarks
Livermore keeps the footnotes that transaction prices refer to, all footnotes of amendments (Form 4/A) and the filing's remarks. Other footnotes, such as how indirect holdings are held or the details of a trading plan, are only in the original on SEC EDGAR.
- F2
Represents the weighted average sale price of the shares sold from $87.75 to $88.7493 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.
Referenced by the price of 1 transaction in Table I.
- F3
Represents the weighted average sale price of the shares sold from $88.75 to $89.745 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.
Referenced by the price of 1 transaction in Table I.
- F4
Represents the weighted average sale price of the shares sold from $89.75 to $90.71 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.
Referenced by the price of 1 transaction in Table I.
- F5
Represents the weighted average sale price of the shares sold from $90.825 to $91.02 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.
Referenced by the price of 1 transaction in Table I.