secwatch.observer — SEC 8-K summary
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Issuer:     Affirm Holdings, Inc. (AFRM)
CIK:        0001820953
Form:       8-K
Filed at:   2026-01-16T23:59:59+00:00
Accession:  0001628280-26-002442
Event type: other_material
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Affirm grants 333,667 PSUs to CEO Max Levchin with three-year performance period
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- Grant of 333,667 PSUs to founder/CEO Max Levchin under Amended 2012 Stock Plan.
- Performance measures: growth in revenue less transaction costs (50%) and adjusted operating income (50%).
- Three-year performance period starting July 1, 2025; shares earned based on average annual growth vs targets.
- Earned PSUs range from 50% (threshold) to 200% (maximum) of grant; vest at end of period subject to continued service.
- Follows expiration of prior value creation award granted Jan 2021 with five-year period ending Jan 11, 2026.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1820953/000162828026002442/0001628280-26-002442-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1820953/000162828026002442/afrm-20260113.htm
  HTML page:      https://secwatch.observer/filing/0001628280-26-002442

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer