Katrina Lake - 16 Jul 2024 Form 4 Insider Report for Stitch Fix, Inc. (SFIX)

Role
Director
Signature
/s/ Casey O'Connor, Attorney-in-Fact for Katrina Lake
Issuer symbol
SFIX
Transactions as of
16 Jul 2024
Net transactions value
-$2,689,905
Form type
4
Filing time
17 Jul 2024, 19:56:43 UTC
Previous filing
10 Jan 2023
Next filing
13 Dec 2024
SEC
View on sec.gov

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 +49,998 +523% $0.000000 59,555 16 Jul 2024 John C. Clifford and Katrina M. Lake Revocable Trust dated May 23, 2016 F1, F2, F3
transaction SFIX Class A Common Stock Conversion of derivative security $0 +487,009 $0.000000 487,009 16 Jul 2024 Katrina M. Lake Revocable Trust F1, F2, F4
transaction SFIX Class A Common Stock Sale $249,990 -49,998 -84% $5.00 9,557 16 Jul 2024 John C. Clifford and Katrina M. Lake Revocable Trust dated May 23, 2016 F5, F6
transaction SFIX Class A Common Stock Sale $2,439,915 -487,009 -100% $5.01 0 16 Jul 2024 Katrina M. Lake Revocable Trust F5, F7

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 -49,998 -26% $0.000000 141,650 16 Jul 2024 Class A Common Stock 49,998 John C. Clifford and Katrina M. Lake Revocable Trust dated May 23, 2016 F1, F2
transaction SFIX Class B Common Stock Conversion of derivative security $0 -487,009 -5.2% $0.000000 8,891,888 16 Jul 2024 Class A Common Stock 487,009 Katrina M. Lake Revocable Trust F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 Represents the conversion of Class B Common Stock into Class A Common Stock held of record by the Reporting Person.
F2 Each share of Class B Common Stock is convertible into one share of Class A Common Stock at the option of the holder and has no expiration date.
F3 The shares are held by John C. Clifford and Katrina M. Lake, Trustees of the John C. Clifford and Katrina M. Lake Revocable Trust dated May 23, 2016.
F4 The shares are held by Katrina M. Lake, Trustee of The Katrina M. Lake Revocable Trust dated May 23, 2016.
F5 Shares disposed of pursuant to a previously established Rule 10b5-1 plan effective September 27, 2023.
F6 The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $5.00 to $5.005 per share. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F7 The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $5.00 to $5.045 per share. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.