Baseline Ventures 2009 Llc - Jul 6, 2021 Form 4 Insider Report for Stitch Fix, Inc. (SFIX)

Role: 10%+ Owner
Signature: By Stephanie Malkowski, Authorized Person Acting on behalf of Baseline Ventures 2009 Associates, LLC the general partner of Baseline Ventures 2009, LLC, /s/ Stephanie Malkowski
Stock symbol: SFIX
Transactions as of: Jul 6, 2021
Transactions value $: $0
Form type: 4
Date filed: 7/8/2021, 04:44 PM
Previous filing: Jun 11, 2021
Next filing: Aug 4, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SFIX	Class A Common Stock	Conversion of derivative security	$0	+826K		$0.00	826K	Jul 6, 2021	See Footnotes	F1, F2, F3, F4
transaction	SFIX	Class A Common Stock	Other	$0	-826K	-100%	$0.00^*	0	Jul 6, 2021	See Footnotes	F1, F2, F3, F4

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	SFIX	Class B Common Stock	Conversion of derivative security	$0	-826K	-7.26%	$0.00	10.6M	Jul 6, 2021	Class A Common Stock	826K		See Footnotes	F1, F2, F3, F4, F5, F6, F7, F8
transaction	SFIX	Class B Common Stock	Other	$0	-377K	-3.58%	$0.00	10.2M	Jul 6, 2021	Class A Common Stock	377K		See Footnotes	F1, F2, F5, F6, F7, F8

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	On July 6, 2021: (i) Baseline Ventures 2009, LLC ("BV 2009") distributed Class A common stock to its non-managing members and Class B common stock to its managing member (Baseline Ventures 2009 Associates, LLC ("BVA 2009")). BVA 2009 is the managing member of BV 2009. Steven Anderson is the sole member of BVA 2009. (ii) Baseline Increased Exposure Fund, LLC ("BIE") distributed Class A common stock to its non-managing members and Class B common stock to its managing member (Baseline Increased Exposure Fund Associates, LLC ("BIEA")). Steven Anderson is the sole member of BIEA. (iii) BVA 2009 and BIEA in turn distributed Class B common stock to Steven Anderson. Steven Anderson has separately filed a Form 4.
F2	Following the distribution, the shares held by Reporting Persons are follows: (i) 3,168,447 shares of Class B common stock directly held by BIE; (ii) 6,463,175 shares of Class B common stock directly held by BV 2009; (iii) 277,911 shares of Class B common stock held directly by Baseline Cable Car, LLC; (iv) 265,400 shares of Class B common stock held by Baseline Encore, L.P. ("BE"). Baseline Encore Associates, LLC ("BEA") is the general partner of BE. Steven Anderson is the sole member of BCC and BEA. Steven Anderson is a Member of BIE and through such Membership interest indirectly owns up to 54,893 shares of Class B common stock through such membership interest in BIE (out of the shares that BIE owns referenced in (i)). Each Reporting Person disclaims beneficial ownership of the securities except to the extent of its pecuniary interest therein.
F3	BV 2009 converted 554,731 shares from Class B to Class A common stock prior to the distribution of the Class A shares to the non-managing members of BV 2009.
F4	BIE converted 271,720 shares from Class B to Class A common stock prior to their distribution of the Class A shares to the non-managing members of BIE.
F5	Each share of Class B Common Stock is convertible at any time at the option of the Reporting Person into one share of Class A Common Stock and has no expiration date. Class B Common Stock will convert automatically into Class A Common Stock on the earlier of (i) the date on which the number of outstanding shares of Class B Common Stock represents less than 10% of the aggregate combined number of outstanding shares of Class A Common Stock and Class B Common Stock; (ii) ten years following the effective date of the Issuer's initial public offering; or (iii) the date specified by vote of the holders of a majority of the outstanding shares of Class B Common Stock, voting as a single class.
F6	In addition, each share of Class B Common Stock will convert automatically into one share of Class A Common Stock (i) upon any transfer, whether or not for value (subject to certain exceptions), or (ii) in the event of the death or disability (as defined in the amended and restated certificate of incorporation of the Issuer) of the reporting person, shares of Class B Common Stock held by the reporting person or the reporting person's permitted estate planning entities will convert into Class A Common Stock.
F7	Not Applicable.
F8	These Class B shares were distributed to BVA 2009 and BIEA, and then distributed to, and are held directly by, Steven Anderson. Row 1, Column 9 includes Class B shares distributed to, and held directly by, Steven Anderson.