Stitch Fix (NASDAQ: SFIX) CFO nets shares after PSU and RSU vesting
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Stitch Fix, Inc. Chief Financial Officer David Aufderhaar exercised performance stock units and settled related taxes using shares. He exercised 43,895 Performance Stock Units into an equal number of Class A Common Stock shares at a conversion price of $0.00 per share. To cover tax withholding obligations tied to restricted stock unit vesting, 52,011 Class A shares were withheld at $3.19 per share rather than sold on the open market. After these compensation-related transactions, he directly owned 1,243,746 shares of Class A Common Stock, indicating this was a routine equity award vesting and tax settlement rather than discretionary market buying or selling.
Positive
- None.
Negative
- None.
Insider Trade Summary
43,895 shares exercised/converted
Mixed
3 txns
Insider
Aufderhaar David
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Performance Stock Unit | 43,895 | $0.00 | -- |
| Exercise | Class A Common Stock | 43,895 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 52,011 | $3.19 | $166K |
Holdings After Transaction:
Performance Stock Unit — 263,477 shares (Direct);
Class A Common Stock — 1,295,757 shares (Direct)
Footnotes (1)
- Each Performance Stock Unit ("PSU") represents a contingent right to receive one share of the Issuer's Class A Common Stock. Represents shares that have been withheld by the Company to satisfy tax withholding obligation in connection with the vesting of restricted stock units. The PSU performance condition has been achieved and will vest based upon the following service conditions: 5/12 vested on December 17, 2025 and the remainder will vest in quarterly installments of 1/12 over the next 7 quarterly vesting dates.
FAQ
What did Stitch Fix (SFIX) CFO David Aufderhaar report in this Form 4?
He reported exercising 43,895 Performance Stock Units into Class A Common Stock and using 52,011 shares to satisfy tax withholding. These actions reflect equity award vesting and tax settlement, not open-market buying or selling activity.
Were Stitch Fix (SFIX) CFO’s transactions open-market purchases or sales?
No. The filing shows a derivative exercise and tax withholding, not open-market trades. Performance Stock Units converted into shares at $0.00, and 52,011 shares were withheld at $3.19 solely to satisfy tax obligations on equity vesting.
How do Performance Stock Units work in this Stitch Fix (SFIX) filing?
Each Performance Stock Unit represents a contingent right to receive one Class A share. After performance conditions were achieved, 43,895 PSUs converted into the same number of shares at $0.00 per share as part of the CFO’s equity compensation.