SFIX Form 4: CEO Matthew Baer 63,598 Shares Withheld at $5.48
Matthew Baer, Chief Executive Officer and Director of Stitch Fix, Inc. (SFIX), reported a non-derivative disposition of Class A common stock on 09/17/2025.
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Rhea-AI Filing Summary
Matthew Baer, Chief Executive Officer and Director of Stitch Fix, Inc. (SFIX), reported a non-derivative disposition of Class A common stock on 09/17/2025. The filing shows 63,598 shares were disposed of at an average price of $5.48 per share, reducing his direct holdings to 1,285,528 shares. The form states these shares were withheld by the company to satisfy tax withholding obligations related to the vesting of restricted stock units. The Form 4 was signed by an attorney-in-fact on 09/22/2025 and is filed as a single reporting person submission.
Insights
TL;DR: A routine tax-withholding share disposition after RSU vesting; reduces insider's share count but appears procedural, not a strategic sale.
The Form 4 documents a disposal of 63,598 Class A shares at $5.48 each, explicitly identified as shares withheld to cover tax obligations on vested restricted stock units. This is a common administrative action after RSU vesting and does not indicate a market-directed sale by the insider. The reporting person remains a large direct holder with 1,285,528 shares, so the transaction's quantitative impact on insider ownership is small relative to typical executive holdings. Timing and price are disclosed, meeting SEC Section 16 reporting requirements.
TL;DR: Disclosure is complete and timely; the transaction is administrative tax withholding tied to equity compensation vesting.
The filing clearly identifies the reporting person as both CEO and director and records the transaction code and nature: shares withheld for tax withholding upon RSU vesting. The Form 4 was executed by an attorney-in-fact and filed as by one reporting person. From a governance perspective, this is standard equity-compensation administration. The document contains the requisite explanatory remark noting the withholding purpose, supporting transparency about insider changes in beneficial ownership.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Class A Common Stock | 63,598 | $5.48 | $349K |
Footnotes (1)
- F1. Represents shares that have been withheld by the Company to satisfy tax withholding obligation in connection with the vesting of restricted stock units.
FAQ
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