Stitch Fix CFO exercises PSUs, covers tax with shares
Stitch Fix, Inc. Chief Financial Officer David Aufderhaar exercised performance stock units and settled related taxes using shares.
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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.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Performance Stock Unit | 43,895 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 43,895 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Class A Common Stock | 52,011 | $3.19 | $166K |
Footnotes (3)
- F1. Each Performance Stock Unit ("PSU") represents a contingent right to receive one share of the Issuer's Class A Common Stock.
- F2. Represents shares that have been withheld by the Company to satisfy tax withholding obligation in connection with the vesting of restricted stock units.
- F3. 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
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Stitch Fix (SFIX) CFO David Aufderhaar report in this Form 4?
Were Stitch Fix (SFIX) CFO’s transactions open-market purchases or sales?
How do Performance Stock Units work in this Stitch Fix (SFIX) filing?
AI-generated analysis. How Rhea-AI works. Not financial advice.