Company: AFRM
Filing Date: 2025-10-24
Form Type: DEF 14A
Source: 0001628280-25-046264
Chunk: 36

Company: Affirm Holdings, Inc.
Filing Date: 2025-10-24
Form: DEF 14A
Chunk 36
---
 to our named executive officers during fiscal 2025 are also set forth in the “ Fiscal 2025 Summary Compensation Table ” and the “ Fiscal 2025 Grants of Plan-Based Awards Table ” below.

Changes to Long-Term Equity Awards for Fiscal 2026

In September 2025, the Compensation Committee approved the introduction of performance-based equity awards in lieu of options for our named executive officers (other than our CEO) beginning in fiscal 2026. This change is designed to further strengthen alignment between executive pay, Company performance, and long-term stockholder value creation, consistent with our pay-for-performance philosophy.

In implementing that change, the Compensation Committee approved grants of Fiscal 2026 equity awards to our named executive officers (other than our CEO), with each such award consisting of 50% of time-vesting RSUs and 50% of performance stock units (“PSUs”) that settle in shares of Class A common stock. The shares of Class A common stock subject to the PSUs may be earned based on Company financial performance during a three-year performance period that commenced on July 1, 2025. The Compensation Committee selected annual growth rates of revenue less transaction costs (weighted at 50%) and adjusted operating income (weighted at 50%) as the financial performance measures for the PSUs. Performance targets for each of the three Company fiscal years occurring during the performance period were approved by the Compensation Committee at the time of grant, with each annual performance target expressed in terms of growth over the level of actual performance achieved during the preceding fiscal year. Actual Company performance against the applicable targets will be measured at the end of each of the three fiscal years during the performance period and averaged at the end of the performance period such that no shares of Class A common stock may be earned until the end of the performance period. If the average performance over the performance period represents at least a threshold level of performance, the number of shares of Class A common stock earned will range from 50% (threshold

<div align='center'>32</div>

TABLE OF CONTENTS

performance) to 200% (maximum performance) of the number of PSUs granted, with target performance set at 100%. Once earned based on the satisfaction of the applicable performance conditions, as determined and certified by the Compensation Committee, the earned PSUs will vest in full, if at all, at the end of the performance period subject to the executive officer’s continued service with the Company through the end of that period.

#### Health and Welfare Benefits
During fiscal