Company: AFRM
Filing Date: 2025-02-28
Form Type: 424B7
Source: 0001820953-25-000029
Chunk: 2

Company: Affirm Holdings, Inc.
Filing Date: 2025-02-28
Form: 424B7
Chunk 2
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 and becomes exercisable quarterly during its term based on the number of unique Amazon customers, including business customers, that use Affirm products for the first time on Amazon.com (and any additional websites determined by the Company and Amazon) during such calendar quarter, subject to certain adjustments as set forth in the Second Warrant. The Second Warrant expires on May 9, 2029. As of the date of this prospectus supplement, the selling securityholder has exercised 3,500,000 First Warrant Shares.

The selling securityholder may not exercise the Warrants to the extent such exercise would cause it to beneficially own more than 4.999% of the number of shares of Class A common stock outstanding immediately after giving effect to such exercise (excluding any unvested portion of the Warrants) (the “Beneficial Ownership Limitation”). The selling securityholder may, however, waive or modify the Beneficial Ownership Limitation by providing written notice to the Company sixty-one days before such waiver or modification becomes effective (or immediately upon written notice to the Company to the extent the Company is subject to certain acquisition transactions pursuant to a tender or exchange offer). Except as described herein and as set forth under “—Commercial Relationship with the Selling Securityholder,” the selling securityholder has not had any material relationship with us within the past three years.

The information in the below table (other than the percentages of our outstanding Class A common stock beneficially owned) in respect of the selling securityholder was furnished by or on behalf of the selling securityholder and is as of February 14, 2025. In computing the number of shares of Class A common stock beneficially owned by the selling securityholder and the percentage ownership of the selling securityholder, we included outstanding shares of Class A common stock subject to the Warrants that are currently exercisable or exercisable within 60 days of February 14, 2025.

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The selling securityholder is not obligated to sell any of the Class A common stock offered by this prospectus supplement. Because the selling securityholder may sell some or all of the Class A common stock owned by it that are included in this prospectus supplement, and because there are currently no agreements, arrangements or understandings with respect to the sale of any such Class A common stock, no estimate can be given as to the number of shares covered by this prospectus supplement that will be held by the selling securityholder upon termination of this offering. Therefore, for the purposes of