Affirm Holdings Grants Equity Award to CEO

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announced that its Board of Directors approved the grant of 333,667 performance stock units (PSUs) to its Founder and Chief Executive Officer, Max Levchin. These PSUs are subject to vesting based on the company's financial performance over a three-year period, aligning with performance metrics used for other executive officers. The PSUs may result in the issuance of Class A Common Stock ranging from 50% to 200% of the number of PSUs granted, contingent upon the company's achievement of specified performance targets.

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About Affirm Holdings Inc.

Affirm Holdings Inc. is a financial technology company that offers a flexible and transparent alternative to traditional credit. Its primary function is to provide consumers with installment loans at the point of sale to finance purchases. This service allows customers to split the cost of large purchases into manageable payments over time, often without hidden fees or compounding interest, which is a distinctive feature in the credit space. Affirm is widely used in e-commerce sectors, partnering with a vast array of retailers to simplify the purchasing process online. Founded in 2012 and headquartered in San Francisco, California, Affirm leverages advanced data analytics to perform credit checks and approve loans quickly, positioning itself as a leader in the "buy now, pay later" market. Through these partnerships, retailers can increase their conversion rates by providing shoppers with more purchasing options, thus enhancing customer satisfaction. As a prominent player in the fintech industry, Affirm Holdings Inc. significantly influences consumer spending behaviors, impacting sectors ranging from retail and travel to wellness and automotive services.