Marka Hansen - Aug 5, 2021 Form 4 Insider Report for Stitch Fix, Inc. (SFIX)

Role
Director
Signature
/s/ Scott Darling, Attorney-in-Fact for Marka Hansen
Stock symbol
SFIX
Transactions as of
Aug 5, 2021
Transactions value $
-$478,300
Form type
4
Date filed
8/9/2021, 04:58 PM
Previous filing
Jul 8, 2021
Next filing
Dec 16, 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 +10K $0.00 10K Aug 5, 2021 Direct F1, F2
transaction SFIX Class A Common Stock Sale -$478K -10K -100% $47.83 0 Aug 5, 2021 Direct F3

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 Non-qualified Stock Option (Right to Buy) Options Exercise $0 -10K -36.53% $0.00 17.4K Aug 5, 2021 Class B Common Stock 10K $4.94 Direct F4, F5, F6
transaction SFIX Class B Common Stock Options Exercise $0 +10K $0.00 10K Aug 5, 2021 Class A Common Stock 10K $4.94 Direct F2
transaction SFIX Class B Common Stock Conversion of derivative security $0 -10K -100% $0.00* 0 Aug 5, 2021 Class A Common Stock 10K Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

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 Shares disposed of pursuant to a previously established Rule 10b5-1 plan.
F4 The stock option vests monthly over four years from October 24, 2017, subject to the individual's continued service through each vesting date.
F5 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.
F6 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.