Form 4: Stitch Fix CEO Matt Baer Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
CEO Matt Baer disposed of 32,707 shares of Stitch Fix, Inc. to cover tax obligations related to vesting restricted stock units.
Summary
- On June 12, 2024, Matt Baer, the CEO of Stitch Fix, Inc., disposed of 32,707 shares of Class A Common Stock.
- The transaction was executed to satisfy tax withholding obligations related to the vesting of restricted stock units.
- The shares were disposed of at a price of $3.92 per share.
- Following the transaction, Matt Baer directly owns 1,017,999 shares of Stitch Fix, Inc.
Sentiment
Score: 5
Explanation: Neutral sentiment as the transaction is a routine sale to cover tax obligations and doesn't necessarily reflect a change in the executive's outlook on the company.
Industry Context
This is a routine transaction for executives to cover tax obligations when stock options or restricted stock units vest. It doesn't necessarily indicate a change in the executive's confidence in the company.
Key Dates
| Date | Description |
|---|---|
| 06/12/2024 | Date of transaction: Matt Baer disposed of shares. |
| 06/14/2024 | Date of signature on the report. |
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