Form 4: Stitch Fix CEO Matt Baer Reports Share Disposal for Tax Obligations
SEC Form 4 Filing
Stitch Fix CEO Matt Baer disposed of 54,183 shares to cover tax obligations related to vesting restricted stock units.
Summary
- On March 12, 2025, Matt Baer, the CEO of Stitch Fix, Inc., disposed of 54,183 shares of Class A Common Stock.
- The transaction was executed to satisfy tax withholding obligations related to the vesting of restricted stock units.
- The price per share was $4.23.
- Following the transaction, Baer directly owns 1,403,130 shares of Stitch Fix.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to stock transactions for tax purposes, indicating a neutral sentiment.
Industry Context
Form 4 filings are standard practice for company insiders to report transactions in their company's stock, providing transparency to investors.
Stakeholder Impact
- The transaction may have a minor impact on shareholders due to the change in the CEO's holdings, but it is primarily related to tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/12/2025 | Date of share disposal transaction |
| 03/17/2025 | Date of signature for the Form 4 filing |
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