Steven M. Spurlock - 22 Jun 2021 Form 4 Insider Report for Stitch Fix, Inc. (SFIX)

Footnote F1

Shares are held by Benchmark Capital Partners VII, L.P. ("BCP VII"), as nominee for BCP VII, Benchmark Founders' Fund VII, L.P. ("BFF VII"), Benchmark Founders' Fund VII-B, L.P. ("BFF VII-B") and related persons. Benchmark Capital Management Co. VII, L.L.C. ("BCMC VII"), the general partner of each of BCP VII, BFF VII and BFF VII-B, may be deemed to have sole voting and investment power over such shares. Matthew R. Cohler, Bruce W. Dunlevie, Peter H. Fenton, J. William Gurley, Kevin R. Harvey, Mitchell H. Lasky, Steven M. Spurlock and Eric H. Vishria, the managing members of BCMC VII, may be deemed to share voting and investment power over these shares beneficially held by such entities. Each such person and entity disclaims the existence of a "group" and disclaims beneficial ownership of any securities (except to the extent such person's or entity's pecuniary interest in such securities).

Footnote F2

Shares are held by Benchmark Capital Partners VI, L.P. ("BCP VI"), as nominee for BCP VI, Benchmark Founders' Fund VI, L.P. ("BFF VI"), Benchmark Founders' Fund VI-B, L.P. ("BFF VI-B") and related persons. Benchmark Capital Management Co. VI, L.L.C. ("BCMC VI"), the general partner of each of BCP VI, BFF VI and BFF VI-B, may be deemed to have sole voting and investment power over such shares. Alexandre Balkanski, Matthew R. Cohler, Bruce W. Dunlevie, Peter H. Fenton, J. William Gurley, Kevin R. Harvey, Robert C. Kagle, Mitchell H. Lasky and Steven M. Spurlock, the managing members of BCMC VI, may be deemed to share voting and investment power over these shares beneficially held by such entities. Each such person and entity disclaims the existence of a "group" and disclaims beneficial ownership of any securities (except to the extent such person's or entity's pecuniary interest in such securities).

Footnote F3

Represents a pro-rata, in-kind distribution by BCP VII and its affiliated funds and associated persons, without additional consideration, to their respective partners, members and assigns.

Footnote F4

Represents a pro-rata, in-kind distribution by BCP VI and its affiliated funds and associated persons, without additional consideration, to their respective partners, members and assigns.

Footnote F5

Represents a pro-rata, in-kind distribution by BCP VI, BCP VII and their affiliated funds and associated persons, without additional consideration, to their respective partners, members and assigns.

Footnote F6

Shares are held by Steven M. Spurlock's family trust.

Footnote F7

Shares are held by limited partnerships controlled by Alexandre Balkanski.

Footnote F8

Shares are held by Alexandre Balkanski's family trust.

Footnote F9

Shares are held by Matthew R. Cohler's trust entity.

Footnote F10

Shares are held by a limited liability company controlled by Matthew R. Cohler.

Footnote F11

Shares are held by entities controlled by Bruce W. Dunlevie.

Footnote F12

Shares are held by Bruce W. Dunlevie's family trust.

Footnote F13

Shares are held by Peter H. Fenton's trust entities.

Footnote F14

Shares are held by entities controlled by Kevin R. Harvey.

Footnote F15

Shares are held by Kevin R. Harvey's family trust.

Footnote F16

Shares are held directly by Robert C. Kagle.

Footnote F17

Shares are held by a limited partnership controlled by Robert C. Kagle.

Footnote F18

Shares are held by Mitchell H. Lasky's family trust.

Footnote F19

Shares are held by an entity controlled by Mitchell H. Lasky.

Footnote F20

Shares are held directly by Eric H. Vishria.

Footnote F21

Shares are held by Benchmark Capital Partners IX, L.P. ("BCP IX"), as nominee for BCP IX, Benchmark Founders' Fund IX, L.P. ("BFF IX"), Benchmark Founders' Fund IX-A, L.P. ("BFF IX-A"), Benchmark Founders' Fund IX-B, L.P. ("BFF IX-B") and related persons. Benchmark Capital Management Co. IX, L.L.C. ("BCMC IX"), the general partner of each of BCP IX, BFF IX, BFF IX-A and BFF IX-B, may be deemed to have sole voting and investment power over such shares. Peter H. Fenton, J. William Gurley, Chetan Puttagunta, Steven M. Spurlock, Sara E. Tavel and Eric H. Vishria, the managing members of BCMC IX, may be deemed to share voting and investment power over these shares beneficially held by such entities. Each such person and entity disclaims the existence of a "group" and disclaims beneficial ownership of any securities (except to the extent such person's or entity's pecuniary interest in such securities).

Footnote F22

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.

Footnote F23

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 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.

Footnote F24

Not applicable.