Company: AFRM
Filing Date: 2025-10-24
Form Type: DEF 14A
Source: 0001628280-25-046264
Chunk: 23

Company: Affirm Holdings, Inc.
Filing Date: 2025-10-24
Form: DEF 14A
Chunk 23
---
 those officers with the opportunity to earn cash incentive payments based on achievement of short-term financial and operational performance targets set by the Compensation Committee to align with the Company's strategic objectives. We believe that achievement of the performance measures and funding gate applicable to our cash incentive plan in fiscal 2025, which are described more fully below, has a strong correlation to increases in shareholder value.

• Second, for our named executive officers (other than our CEO), we grant time-vesting options to purchase shares of our Class A common stock and time-vesting RSUs that will settle in shares of our Class A common stock. The equity awards granted in fiscal 2025 to our named executive officers (other than our CEO) included a mix of 50% options and 50% RSUs. The options granted in fiscal 2025 (other than those granted to Mr. O’Hare upon his promotion to Chief Financial Officer) vest with respect to 1/4 of the shares on the one-year anniversary of the vesting commencement date and the remaining 3/4 of the shares vest in equal monthly installments over the subsequent three years, and the RSUs granted in fiscal 2025 (other than those granted to Mr. O’Hare upon his promotion to Chief Financial Officer) vest with respect to 1/4 of the shares on the one-year anniversary of the vesting commencement date and the remaining 3/4 of the shares vest in equal quarterly installments over the subsequent three years, subject to the recipient’s continued service as of each vesting date. The value of these awards is closely linked to the value of our Class A common stock, thereby aligning the interests of our named executive officers with those of our stockholders.

We believe that this design provides balanced incentives for our named executive officers to drive both short-term financial performance and long-term growth.

#### Executive Compensation Policies and Practices
We endeavor to maintain sound governance standards consistent with our executive compensation policies and practices. The Compensation Committee evaluates our executive compensation program on a regular basis to ensure that it is consistent with our short-term and long-term goals, given the dynamic nature of our business and the market in which we compete for executive talent. The following summarizes our key executive compensation-related policies and practices:

<div align='center'>23</div>

TABLE OF CONTENTS

| What We Do |     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
| ü          |     | Maintain an Independent Compensation Committee.Following the departure of Ms. Reses from the Compensation Committee