0001576942-21-000004.txt : 20210111
0001576942-21-000004.hdr.sgml : 20210111
20210111161530
ACCESSION NUMBER: 0001576942-21-000004
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20210107
FILED AS OF DATE: 20210111
DATE AS OF CHANGE: 20210111
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Darling Scott
CENTRAL INDEX KEY: 0001558259
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-38291
FILM NUMBER: 21520965
MAIL ADDRESS:
STREET 1: C/O STITCH FIX, INC.
STREET 2: 1 MONTGOMERY STREET, SUITE 1500
CITY: SAN FRANCISCO
STATE: CA
ZIP: 94104
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: Stitch Fix, Inc.
CENTRAL INDEX KEY: 0001576942
STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-CATALOG & MAIL-ORDER HOUSES [5961]
IRS NUMBER: 275026540
STATE OF INCORPORATION: DE
FISCAL YEAR END: 0731
BUSINESS ADDRESS:
STREET 1: 1 MONTGOMERY STREET
STREET 2: SUITE 1500
CITY: SAN FRANCISCO
STATE: CA
ZIP: 94104
BUSINESS PHONE: 415-882-7765
MAIL ADDRESS:
STREET 1: 1 MONTGOMERY STREET
STREET 2: SUITE 1500
CITY: SAN FRANCISCO
STATE: CA
ZIP: 94104
4
1
wf-form4_161039971475815.xml
FORM 4
X0306
4
2021-01-07
0
0001576942
Stitch Fix, Inc.
SFIX
0001558259
Darling Scott
C/O STITCH FIX, INC.
1 MONTGOMERY STREET, SUITE 1500
SAN FRANCISCO
CA
94104
0
1
0
0
Chief Legal Officer & Secr.
Class A Common Stock
2021-01-07
4
C
0
18742
0
A
88439
D
Class A Common Stock
2021-01-07
4
S
0
17850
59.8354
D
70589
D
Class A Common Stock
2021-01-07
4
S
0
6876
60.3396
D
63713
D
Employee Stock Option (Right to Buy)
4.94
2021-01-07
4
M
0
18742
0
D
2026-10-28
Class B Common Stock
18742.0
0
D
Class B Common Stock
4.94
2021-01-07
4
M
0
18742
0
A
Class A Common Stock
18742.0
18742
D
Class B Common Stock
2021-01-07
4
C
0
18742
0
D
Class A Common Stock
18742.0
0
D
Represents the conversion of Class B Common Stock into Class A Common Stock held of record by the Reporting Person.
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.
Shares disposed of pursuant to a previously established Rule 10b5-1 plan.
The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $59.25 to $60.215 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.
The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $60.26 to $60.44 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.
The stock option vests over four years, with 25% of the securities vesting on October 28, 2017 and the balance vesting in equal monthly installments over the remaining three years, subject to the individual's continued service through each vesting date.
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.
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.
/s/ Scott Darling
2021-01-11