Affirm Holdings, Inc. Reports Equity Award Grant to CEO Max Levchin

Summary

Affirm Holdings, Inc. (the "Company") reported that its Board of Directors approved a grant of 333,667 performance stock units (PSUs) to Max Levchin, its Founder and Chief Executive Officer, on January 13, 2026. This equity award, under the Company's Amended and Restated 2012 Stock Plan, is subject to time-based, service-based, and Company financial performance-based conditions. The PSUs may be earned based on financial performance over a three-year period starting July 1, 2025, using annual growth rates of revenue less transaction costs and adjusted operating income. - The grant consisted of 333,667 PSUs. - Performance measures include revenue less transaction costs (50%) and adjusted operating income (50%). - The performance period commenced on July 1, 2025. - Earned shares range from 50% to 200% of granted PSUs based on performance.

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Key Quote

“The shares of Class A Common Stock subject to the PSUs may be earned, if at all, based on Company financial performance during a three-year performance period (the "Performance Period") that commenced on July 1, 2025.”

— From Item 5.02

Filing Details