Company: AFRM
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001628280-25-050295
Chunk: 56

Company: Affirm Holdings, Inc.
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 1
Chunk 56
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 authorized but unissued. Our policy for share retirements is to deduct the par value from common stock and to reflect any excess of cost over par value as a deduction from additional paid-in capital. 

There were no share repurchases during the three month periods ended September 30, 2025 and 2024. 

 14.   Equity Incentive Plans

2012 Stock PlanUnder our Amended and Restated 2012 Stock Plan (the “Plan”), we may grant incentive and nonqualified stock options, restricted stock, restricted stock units (“RSUs”), and performance stock units (“PSUs”) to employees, officers, directors, and consultants. As of September 30, 2025, the maximum number of shares of common stock which may be issued under the Plan is 192,859,800 Class A shares and there were 65,963,471 shares of Class A common stock  available for future grants under the Plan.Stock OptionsStock option awards generally vest over a period of four years, with some awards vesting 25% on the 12 month anniversary of the vesting commencement date and the remaining 75% vesting ratably over the next three years. The contractual term is 10 years from the date of grant, or three months after termination of employment. 

51

The following table summarizes our stock option activity for the three months ended September 30, 2025:Number of OptionsWeighted Average Exercise PriceWeighted Average Remaining Contractual Term (Years)Aggregate Intrinsic Value (in thousands)Balance as of June 30, 202512,955,978 $19.12 5.18Exercised(1,686,317)17.65 Forfeited, expired or canceled(31,617)35.89 Balance as of September 30, 202511,238,044 19.29 5.01Vested and exercisable, September 30, 20259,392,988 $17.55 4.42$522,816 Vested and exercisable, and expected to vest thereafter(1) September 30, 202511,236,193 $19.31 5.01$605,384 (1)Options expected to vest reflect the application of an estimated forfeiture rate.There were no options granted during the three months ended September 30, 2025. As of September 30, 2025, unrecognized compensation expense related to un