Stitch Fix Announces New Employee Inducement Grant

The award’s payout depends on fiscal 2027 performance, with continued service required through each vesting date.

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SAN FRANCISCO--(BUSINESS WIRE)-- Stitch Fix, Inc. (NASDAQ:SFIX), the leading online personal styling service, today announced that on October 20, 2026, the compensation committee of the company’s board of directors granted performance stock units (PSUs) to acquire, if earned at target, 555,556 shares of the company’s Class A common stock to Sree Sreedhararaj, who began his employment as the company’s Chief Product and Technology Officer in June 2026.

The PSUs will vest based upon achievement of the company’s performance metrics for the 2027 fiscal year, as determined and certified by the compensation committee of the company’s board of directors, up to a maximum of 150% of the target number of PSUs, subject to continued service through each vesting date, as follows: one third of the shares subject to the PSUs will vest no later than 15 days following the completion of the audit for the company’s 2027 fiscal year, and the remaining shares subject to the PSUs shall vest in equal quarterly installments of 8.33% of the shares subject to the PSUs over the next eight subsequent quarterly vesting dates. The PSUs were granted to Mr. Sreedhararaj pursuant to, and are subject to the terms of, the Stitch Fix, Inc. Amended and Restated 2019 Inducement Plan and forms of PSU agreements thereunder, which were approved by the company's board of directors in April 2022, and further amended in October 2026, under Rule 5635(c)(4) of the Nasdaq Global Market for equity grants as an inducement material to entering into employment with the company.

About Stitch Fix, Inc.

Stitch Fix (NASDAQ: SFIX) is the leading online personal styling service that helps people discover the styles they will love that fit perfectly so they always look – and feel – their best. Few things are more personal than getting dressed, but finding clothing that fits and looks great can be a challenge. Stitch Fix solves that problem. By pairing expert stylists with best-in-class AI and recommendation algorithms, the company leverages its assortment of exclusive and national brands to meet each client’s individual tastes and needs, making it convenient for clients to express their personal style without having to spend hours in stores or sifting through endless choices online. Stitch Fix, which was founded in 2011, is headquartered in San Francisco. For more information, please visit https://www.stitchfix.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20261026082687/en/

IR Contact:
ir@stitchfix.com

PR Contact:
media@stitchfix.com

Source: Stitch Fix, Inc.

Key Terms

performance stock units financial

Performance stock units are a type of company award that grants employees shares of stock only if certain performance goals are met. They motivate employees to work toward specific company achievements, aligning their interests with those of shareholders. For investors, they can influence a company's future stock supply and reflect management’s confidence in reaching key targets.