Stitch Fix (SFIX) CEO exercises 61,454 PSUs and withholds 107,594 shares for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Stitch Fix, Inc. Chief Executive Officer Matt Baer reported equity compensation-related transactions involving Class A Common Stock and Performance Stock Units (PSUs). On June 17, 2026, 61,454 PSUs were exercised into the same number of Class A shares at a stated price of $0.00 per share. To cover tax obligations tied to vesting of restricted stock units, 107,594 Class A shares were withheld by the company at $4.16 per share, a non‑market, tax-withholding disposition. After these events, Baer directly held 2,117,334 Class A shares, while 787,030 PSUs remained outstanding subject to service-based vesting conditions.
Positive
- None.
Negative
- None.
Insider Trade Summary
61,454 shares exercised/converted
Mixed
3 txns
Insider
Baer Matt
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Performance Stock Unit | 61,454 | $0.00 | -- |
| Exercise | Class A Common Stock | 61,454 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 107,594 | $4.16 | $448K |
Holdings After Transaction:
Performance Stock Unit — 787,030 shares (Direct, null);
Class A Common Stock — 2,117,334 shares (Direct, null)
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.
Key Figures
Tax-withheld shares: 107,594 shares at $4.16
PSUs exercised: 61,454 units at $0.00
Post-transaction holdings: 2,117,334 shares
+1 more
4 metrics
Tax-withheld shares
107,594 shares at $4.16
Shares withheld to satisfy tax obligations on June 17, 2026
PSUs exercised
61,454 units at $0.00
Performance Stock Units converted to Class A shares on June 17, 2026
Post-transaction holdings
2,117,334 shares
Class A Common Stock directly held after reported transactions
Remaining PSUs
787,030 units
Performance Stock Units outstanding after 61,454-unit conversion
Key Terms
Performance Stock Unit, tax withholding obligation, derivative security, restricted stock units, +1 more
5 terms
Performance Stock Unit financial
"Each Performance Stock Unit ("PSU") represents a contingent right to receive one share of the Issuer's Class A Common Stock."
A performance stock unit is a type of reward companies give to employees, usually managers, that depends on how well the company performs over time. If the company hits specific goals, the employee earns shares of stock, like earning a prize for reaching certain levels in a game. It motivates employees to work hard because their rewards are tied to the company's success.
tax withholding obligation financial
"Represents shares that have been withheld by the Company to satisfy tax withholding obligation in connection with the vesting of restricted stock units."
derivative security financial
"Transaction code "M" is described as Exercise or conversion of derivative security."
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
restricted stock units financial
"Represents shares that have been withheld by the Company to satisfy tax withholding obligation in connection with the vesting of restricted stock units."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
vesting financial
"The PSU performance condition has been achieved and will vest based upon the following service conditions."
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
FAQ
What insider transactions did Stitch Fix (SFIX) CEO Matt Baer report?
Matt Baer reported exercising 61,454 Performance Stock Units into Class A shares and a separate tax-withholding disposition of 107,594 Class A shares. These actions are compensation-related, reflecting PSU vesting and associated tax obligations rather than open-market buying or selling activity.
What are Performance Stock Units (PSUs) in the Stitch Fix (SFIX) filing?
Each Performance Stock Unit represents a contingent right to receive one share of Stitch Fix Class A Common Stock. In this case, 61,454 PSUs were converted into Class A shares after a performance condition was achieved, with remaining PSUs continuing to vest based on service conditions over time.
What vesting conditions apply to the CEO’s Stitch Fix (SFIX) PSUs?
The PSU performance condition has been achieved. According to the disclosure, 5/12 of the award vested on December 17, 2025, and the remaining portion vests in 1/12 increments over the next seven quarterly vesting dates, subject to continued service requirements.
How many Performance Stock Units remain for the Stitch Fix (SFIX) CEO?
After converting 61,454 Performance Stock Units into Class A Common Stock, 787,030 PSUs remain outstanding for Matt Baer. These units are still subject to the specified service-based vesting schedule outlined in the disclosure and may convert into additional shares over future vesting dates.