Company: AFRM
Filing Date: 2025-10-24
Form Type: DEF 14A
Source: 0001628280-25-046264
Chunk: 4

Company: Affirm Holdings, Inc.
Filing Date: 2025-10-24
Form: DEF 14A
Chunk 4
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 and executive officers                 |

### Executive Compensation and Financial Highlights

#### Compensation Philosophy and Design
We strive to compensate our named executive officers in a manner that is competitive, rewards achievement of our business objectives, and aligns the interests of our named executive officers with those of our stockholders. Generally, we structure the annual compensation of our named executive officers using three principal elements: base salary, annual cash incentive opportunities, and long-term incentive compensation opportunities in the form of equity awards. We have designed our executive compensation program to achieve the following primary objectives:

| Provide market competitive compensation and benefit levels to attract, motivate, reward and retain key members of our management team                                                                                      |
| Establish a direct link between our financial and operational objectives and our compensation                                                                                                                              |
| Align the interests and objectives of our named executive officers with our stockholders by linking long-term incentive compensation opportunities to stockholder value creation and cash incentives to annual performance |

### Financial Highlights
| GMV*          
 $36.7B↑38%**  |     | Total             
 Revenue           
 $3.2B↑39%**       |     | Revenue Less       
 Transaction Costs* 
 $1.5B↑49%**        |
| Operating     
 Income (Loss) 
 ($87)M        |     | Adjusted          
 Operating Income* 
 $778M             |     | Net                
 Income             
 $52.2M             |

* Please refer to Appendix A for a discussion of GMV, which is a key operating metric. In addition, refer to Appendix A for a discussion of total revenue less transaction costs and adjusted operating loss, which are non-GAAP financial measures, as well as reconciliations to the most directly comparable GAAP measures.

** All comparisons are to the comparable figure for fiscal 2024 unless otherwise noted.

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TABLE OF CONTENTS

### BOARD OF DIRECTORS AND CORPORATE GOVERNANCE
Our business is managed under the direction of our Board, which is currently composed of nine members. Six of our nine directors are independent within the meaning of the independent director requirements of the Nasdaq Stock Market LLC (“Nasdaq”). Our Board is divided into three classes with staggered three-year terms. At each Annual Meeting of stockholders, a class of directors will be elected for a three-year term to succeed the same class whose term is then expiring.

Upon the recommendation of our Nominating and Governance Committee, we are nominating Richard Galanti, Christa S. Quarles and Manolo S