Lake Katrina 4

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.