Sandeep Bhandari

AFRM

CHIEF RISK & STRATEGY OFFICER · AFFIRM HOLDINGS, INC. · CIK 0001651479

FILING MIX · LIFETIME30%/70%

BUYS

SELLS

TOTAL VALUE

$8.31M

COMPANIES

ACTIVE SINCE

Feb 2021

HOLDINGS NOW

63,334

AVG SELL PX

$88.19

Trades · vs SPY

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Performance · forward returns vs SPY

3 backtested trades · 8 horizons

Forward-return performance of every backtestable P/S trade by Sandeep Bhandari, measured at 8 horizons from 7 days to 2 years. Deduped per economic event so co-filings count once. Excess return = trade return minus SPY return over the same window.

HORIZON	TRADES	WIN RATE	INSIDER RETURN	SPY RETURN	MEAN EXCESS	MEDIAN EXCESS	T-STAT
7d	3	+100.00%	-6.43%	+2.14%	-8.57%	-8.57%	—
14d	3	+100.00%	-6.05%	+4.16%	-10.20%	-10.20%	—
30d	3	+100.00%	-17.22%	+5.38%	-22.59%	-22.59%	—
60d	3	+100.00%	-22.63%	+10.00%	-32.63%	-32.63%	—
90d	3	+100.00%	-27.56%	+10.39%	-37.95%	-37.95%	—
180d	3	+0.00%	+15.39%	+19.34%	-3.96%	-3.96%	—
1y	3	+100.00%	-54.70%	+15.76%	-70.46%	-70.46%	—
2y	3	+100.00%	-84.21%	+9.13%	-93.34%	-93.34%	—

How to read this: Insider Returnis the average raw return of the filer's trades over the horizon. SPY Return is what SPY did over those same windows — reference only, not a comparison. The headline alpha number is Mean Excess = Insider − SPY; green means the filer beat SPY, red means they trailed it. Win rate is the share of individual trades where the filer beat SPY. T-statvalues above 2 mean the alpha is unlikely to be chance given the sample size. "Pending" counts trades where the horizon hasn't elapsed yet; their stats are not included in the row average.

Holdings over time

AFRM · 63,334 shares · as of Jun 1, 2021

Trading cadence · quarterly flow

BUY ● SELL ●

2021

FLOW · 6 buys / 14 sellsCOVERAGE · 2 quarters

Form 4 filings · all activity

COMPANY	TYPE	SHARES	PRICE	VALUE	HELD AFTER	TRADE DATE	FILED
AFRM AFFIRM HOLDINGS, INC.	SALE Chief Risk & Strategy Officer	1,653	$62.52	$103.3K	59,227	Jun 1, 2021	Jun 3, 2021 ↗
AFRM AFFIRM HOLDINGS, INC.	PURCHASE Chief Risk & Strategy Officer	3,333	—	—	60,880	Jun 1, 2021	Jun 3, 2021 ↗
AFRM AFFIRM HOLDINGS, INC.	SALE Chief Risk & Strategy Officer	3,333	—	—	63,334	Jun 1, 2021	Jun 3, 2021 ↗
AFRM AFFIRM HOLDINGS, INC.	SALE Chief Risk & Strategy Officer	3,333	—	—	66,667	May 1, 2021	May 4, 2021 ↗
AFRM AFFIRM HOLDINGS, INC.	SALE Chief Risk & Strategy Officer	1,653	$70.50	$116.5K	57,547	May 1, 2021	May 4, 2021 ↗
AFRM AFFIRM HOLDINGS, INC.	PURCHASE Chief Risk & Strategy Officer	3,333	—	—	59,200	May 1, 2021	May 4, 2021 ↗
AFRM AFFIRM HOLDINGS, INC.	SALE Chief Risk & Strategy Officer	3,334	—	—	70,000	Apr 1, 2021	Apr 5, 2021 ↗
AFRM AFFIRM HOLDINGS, INC.	PURCHASE Chief Risk & Strategy Officer	3,334	—	—	57,520	Apr 1, 2021	Apr 5, 2021 ↗
AFRM AFFIRM HOLDINGS, INC.	SALE Chief Risk & Strategy Officer	1,653	$71.45	$118.1K	55,867	Apr 1, 2021	Apr 5, 2021 ↗
AFRM AFFIRM HOLDINGS, INC.	SALE Chief Risk & Strategy Officer	31,684	$88.46	$2.80M	107,292	Mar 3, 2021	Mar 5, 2021 ↗
AFRM AFFIRM HOLDINGS, INC.	SALE Chief Risk & Strategy Officer	1,980	$91.22	$180.6K	54,186	Mar 3, 2021	Mar 5, 2021 ↗
AFRM AFFIRM HOLDINGS, INC.	PURCHASE Chief Risk & Strategy Officer	84,790	$2.04	$173.0K	138,976	Mar 3, 2021	Mar 5, 2021 ↗
AFRM AFFIRM HOLDINGS, INC.	SALE Chief Risk & Strategy Officer	84,790	—	—	1,039,210	Mar 3, 2021	Mar 5, 2021 ↗
AFRM AFFIRM HOLDINGS, INC.	SALE Chief Risk & Strategy Officer	51,126	$89.29	$4.57M	56,166	Mar 3, 2021	Mar 5, 2021 ↗
AFRM AFFIRM HOLDINGS, INC.	PURCHASE Chief Risk & Strategy Officer	3,333	—	—	55,433	Mar 1, 2021	Mar 3, 2021 ↗
AFRM AFFIRM HOLDINGS, INC.	SALE Chief Risk & Strategy Officer	3,333	—	—	73,334	Mar 1, 2021	Mar 3, 2021 ↗
AFRM AFFIRM HOLDINGS, INC.	SALE Chief Risk & Strategy Officer	1,247	$91.44	$114.0K	54,186	Mar 1, 2021	Mar 3, 2021 ↗
AFRM AFFIRM HOLDINGS, INC.	PURCHASE Chief Risk & Strategy Officer	3,333	—	—	53,333	Feb 1, 2021	Mar 3, 2021 ↗
AFRM AFFIRM HOLDINGS, INC.	SALE Chief Risk & Strategy Officer	1,233	$107.61	$132.7K	52,100	Feb 1, 2021	Mar 3, 2021 ↗
AFRM AFFIRM HOLDINGS, INC.	SALE Chief Risk & Strategy Officer	3,333	—	—	76,667	Feb 1, 2021	Mar 3, 2021 ↗

Other insiders · AFRM

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About this filer

CIK 0001651479

ROLE

Chief Risk & Strategy Officer

PRIMARY

AFRM

COMPANIES

ACTIVE SINCE

Feb 2021

MARKETPEEL · /INSIDER/0001651479DATA · SEC EDGAR · FORM 4 · CONSOLIDATED TAPE

Sandeep Bhandari

The morning brief, before the bell.