Stitch Fix (NASDAQ: SFIX) CEO Exercises PSUs, Shares Withheld for Taxes
Rhea-AI Filing Summary
Stitch Fix, Inc. Chief Executive Officer Matt Baer exercised 61,454 Performance Stock Units, receiving an equal number of Class A common shares at $0 per share. On the same date, 107,594 shares were delivered to the company at $4.16 per share to satisfy tax withholding obligations arising from restricted stock unit vesting. After these transactions, Baer directly holds 2,009,740 Class A common shares. Footnotes state the PSU performance condition has been achieved, with remaining service-based vesting through quarterly installments following December 17, 2025.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Performance Stock Unit | 61,454 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 61,454 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Class A Common Stock | 107,594 | $4.16 | $448K |
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.
Key Figures
Key Terms
Performance Stock Unit financial
restricted stock units financial
tax withholding obligation financial
vesting financial
FAQ
What insider transaction did Stitch Fix (SFIX) CEO Matt Baer report?
Matt Baer exercised 61,454 Performance Stock Units, receiving an equal number of Class A common shares. He also disposed of 107,594 shares to the company to satisfy tax withholding obligations related to restricted stock unit vesting. All transactions occurred on June 17, 2026.
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. The filing notes that the PSU performance condition has been achieved, so vesting now depends on ongoing service-based vesting schedules.
How will the remaining Stitch Fix (SFIX) PSUs for Matt Baer vest over time?
The performance condition for Baer’s PSUs has been achieved; 5/12 vested on December 17, 2025. The remainder will vest in quarterly 1/12 installments over the next seven quarterly vesting dates, subject to continued service.
Were Stitch Fix (SFIX) CEO Matt Baer’s transactions under a Rule 10b5-1 plan?
The Form 4 indicates the Rule 10b5-1 checkbox is not marked, and no footnote describes a trading plan. These transactions therefore were not reported as executed under a pre-arranged Rule 10b5-1 trading plan.
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