Form 4: Stitch Fix Chief Legal Officer Sells Shares Under 10b5-1 Plan
SEC Form 4 Filing
Casey O'Connor, Chief Legal Officer of Stitch Fix, sold 3,045 shares of Class A Common Stock at an average price of $4.96 on July 17, 2024, under a pre-arranged Rule 10b5-1 trading plan.
Summary
- On July 17, 2024, Casey O'Connor, the Chief Legal Officer of Stitch Fix, sold 3,045 shares of Class A Common Stock.
- The sale was executed at a weighted average price of $4.96 per share, with individual transactions ranging from $4.95 to $4.96.
- The transaction was conducted under a pre-existing Rule 10b5-1 trading plan established on April 7, 2023.
- Following the reported transaction, O'Connor directly owns 447,175 shares of Stitch Fix Class A Common Stock.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it reports a routine stock sale under a pre-arranged plan. It doesn't inherently indicate positive or negative prospects for the company.
Industry Context
Sales by executives are a normal part of corporate governance. The use of a 10b5-1 plan suggests the sales were pre-planned and not based on any inside information.
Key Dates
| Date | Description |
|---|---|
| April 7, 2023 | Date the Rule 10b5-1 plan was entered into. |
| July 17, 2024 | Date of the stock sale transaction. |
| July 18, 2024 | Date of the Form 4 filing. |
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