Lake Katrina 4
4 · Stitch Fix, Inc. · Filed Feb 4, 2026
Research Summary
AI-generated summary of this filing
Stitch Fix (SFIX) Director Katrina Lake Sells 8,835 Shares
What Happened
Katrina Lake, a director of Stitch Fix (SFIX), converted 8,835 shares of Class B common stock into Class A common stock and immediately sold those 8,835 Class A shares in an open-market transaction on February 2, 2026. The shares were sold at a weighted-average price of $5.01 per share (range $5.00–$5.025), generating approximately $44,232 in proceeds. The conversion is a non-cash reclassification (each Class B converts 1:1 to Class A).
Key Details
- Transaction date: February 2, 2026 (Form 4 filed Feb 4, 2026). Filing appears timely.
- Sale: 8,835 shares disposed; weighted-average price $5.01; price range $5.00–$5.025; gross proceeds ~$44,232. (Footnote F4 provides per-price breakdown on request.)
- Conversion: 8,835 Class B shares converted to Class A (no cash paid) — each Class B convertible to one Class A with no expiry (F1, F5).
- Plan/ownership notes: Shares sold pursuant to a Rule 10b5-1 trading plan entered Jan 7, 2025 (F3). Shares are held of record by Katrina M. Lake, Trustee of The Katrina M. Lake Revocable Trust dated May 23, 2016 (F2).
- Shares owned after transaction: not disclosed in this filing.
Context
This filing reflects a routine, pre-arranged sale under a 10b5-1 plan following a conversion of dual-class shares to the publicly traded Class A shares. Conversions of Class B to Class A are bookkeeping events (no cash); the economically material action here is the sale. Sales by insiders can be routine (e.g., diversification, trust management) and do not by themselves indicate company performance.
Insider Transaction Report
- Conversion
Class A Common Stock
[F1][F2]2026-02-02+8,835→ 8,835 total(indirect: By Trust) - Sale
Class A Common Stock
[F3][F4][F2]2026-02-02$5.01/sh−8,835$44,232→ 0 total(indirect: By Trust) - Conversion
Class B Common Stock
[F5][F1][F2]2026-02-02−8,835→ 7,196,553 total(indirect: By Trust)→ Class A Common Stock (8,835 underlying)
Footnotes (5)
- [F1]Represents the conversion of Class B Common Stock into Class A Common Stock held of record by the Reporting Person.
- [F2]The shares are held by Katrina M. Lake, Trustee of The Katrina M. Lake Revocable Trust dated May 23, 2016.
- [F3]Shares were disposed of pursuant to a Rule 10b5-1 plan entered into on January 7, 2025.
- [F4]The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $5.00 to $5.0250 per share. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- [F5]Each share of Class B Common Stock is convertible into one share of Class A Common Stock at the option of the holder and has no expiration date.