Company: AFRM
Filing Date: 2025-10-24
Form Type: DEF 14A
Source: 0001628280-25-046264
Chunk: 35

Company: Affirm Holdings, Inc.
Filing Date: 2025-10-24
Form: DEF 14A
Chunk 35
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-term incentives for our named executive officers (other than our CEO), we used a mix of 50% options and 50% time-vesting RSU awards that settle in shares of our Class A common stock. We believe that because options provide for an economic benefit only in the event that our stock price increases over the exercise price of the option, these awards effectively align the interests of these named executive officers with those of our stockholders and provide these named executive officers with a significant incentive to manage our business from the perspective of an owner with an equity stake in the business. In addition, because the intrinsic value of RSU awards increases in tandem with any increase in the value of the underlying shares (and, conversely, decreases in tandem with any decrease in the value of the underlying shares), RSU awards can also provide incentives that are aligned with the interests of our stockholders.

In determining the size of the equity awards to be granted to our named executive officers, the Compensation Committee considers various factors, including a competitive market analysis prepared by Semler Brossy, the outstanding equity holdings of each named executive officer (including the current economic value of his or her unvested equity holdings and the ability of these unvested holdings to satisfy our retention objectives), the projected impact of the proposed awards on our earnings, the proportion of our total shares outstanding used for annual employee long-term incentive compensation awards (our “burn rate”) in relation to the annual burn rate ranges of the companies in our compensation peer group and the other factors described in “ Compensation-Setting Process—Setting Base Salaries and Long-Term Incentive Compensation Opportunities ” above. Based upon these factors, the Compensation Committee determines the size of each award at levels it considers appropriate to create a meaningful opportunity for reward predicated on the creation of long-term stockholder value.

#### Total Equity Awards Granted in Fiscal 2025
| Named Executive Officer |     | Option Shares 
           (#) |     |   RSUs 
    (#) |
| Max Levchin             |     |             — |     |      — |
| Rob O’Hare              |     |        78,015 |     | 55,749 |
| Michael Linford         |     |       127,877 |     | 90,785 |
| Libor Michalek          |     |       119,884 |     | 85,111 |
| Katherine Adkins        |     |        55,946 |     | 39,718 |

The equity awards granted