O'Connor Casey 4
Research Summary
AI-generated summary
Stitch Fix CLO Casey O'Connor Exercises Options, Sells Shares
What Happened
- Casey O'Connor, Chief Legal Officer at Stitch Fix (SFIX), exercised 19,347 stock options on Jan 27, 2026 at $3.80 per share (exercise cost $73,519) and sold those 19,347 shares in an open-market sale the same day at $5.68 per share for proceeds of $109,891 (pre-tax net ≈ $36,372). The transactions were executed under a Rule 10b5-1 plan.
Key Details
- Transaction dates and prices: 2026-01-27 — exercised 19,347 options @ $3.80 (acquired; $73,519); sold 19,347 shares @ $5.68 (disposed; $109,891). The filing also shows the related derivative (the option) disposed at $0, reflecting conversion on exercise.
- Shares owned after transaction: The filing shows the acquired shares were sold the same day (net zero change from these transactions). The report does not disclose total shares owned after the transactions.
- Footnotes: Exercise and sale were made pursuant to 10b5-1 plans entered into on Jan 9, 2025. The option grants were fully vested as described in the filing.
- Filing timeliness: Form 4 was filed Jan 29, 2026; no late filing flag is indicated in the report.
Context
- This was an exercise of options followed by an immediate sale (a common cashless-style transaction), executed under a pre-arranged 10b5-1 trading plan. Such transactions are routine compliance-driven events and do not, by themselves, indicate an insider's change in view about the company.