Form 4: Stitch Fix CFO Exercises PSUs, Covers Taxes

Stitch Fix CFO David Aufderhaar reported exercising performance stock units and having shares withheld for tax obligations on December 17, 2025.

Summary

• Stitch Fix CFO David Aufderhaar reported transactions involving Class A Common Stock on December 17, 2025.
• Aufderhaar acquired 219,580 shares of Class A Common Stock through the exercise of Performance Stock Units (PSUs) at an exercise price of $5.34 per share.
• Concurrently, 161,760 shares of Class A Common Stock were disposed of by the company to satisfy tax withholding obligations related to the vesting of restricted stock units, also at a price of $5.34 per share.
• Following these transactions, Aufderhaar directly beneficially owns 1,275,976 shares of Class A Common Stock.
• Aufderhaar also beneficially owns 307,372 Performance Stock Units.

Sentiment

Score: 6

Explanation: This is a routine insider transaction related to executive compensation. The vesting of PSUs indicates that performance conditions were met, which is a positive signal, but the overall impact is neutral as it's an expected part of compensation.

Positives

• The performance condition for 219,580 Performance Stock Units (PSUs) was achieved, leading to their vesting and conversion into Class A Common Stock.
• The vesting of PSUs indicates that specific company performance targets were met.

Negatives

• 161,760 shares were withheld by the company to cover tax obligations, which is a standard practice for equity compensation vesting and not inherently negative.

Future Outlook

The remaining 307,372 Performance Stock Units will continue to vest based on service conditions, with 5/12 having vested on December 17, 2025, and the remainder vesting in quarterly installments of 1/12 over the next seven quarterly vesting dates.

Industry Context

This is a routine insider transaction related to executive compensation and does not provide broader industry context.

Stakeholder Impact

• Shareholders: Minor dilution from the conversion of PSUs into common stock, which is an expected part of executive compensation plans.
• Management (David Aufderhaar): Realization of equity compensation, aligning interests with shareholders.

Next Steps

• Continued vesting of the remaining 307,372 Performance Stock Units in quarterly installments over the next seven quarterly vesting dates.

Key Dates

Keywords

Stitch Fix, SFIX, Form 4, insider trading, executive compensation, equity compensation, Performance Stock Units, CFO