Bacos Anthony 4

What Happened
Anthony Bacos, Chief Product & Technology Officer at Stitch Fix (SFIX), converted 43,895 performance-based stock units (PSUs) into the company's Class A common shares on March 18, 2026. To satisfy the tax withholding obligation, the company withheld 37,824 of those shares at $3.19 each, totaling $120,659. That leaves a net delivery of 6,071 shares to Bacos (43,895 acquired − 37,824 withheld). This was not an open-market sale; the withheld shares were surrendered to cover taxes.

Key Details

• Transaction date: March 18, 2026; Form 4 filed March 20, 2026 (appears timely).
• Conversion: 43,895 PSUs converted to common stock (transaction code M — exercise/conversion of derivative).
• Tax/tax-withholding: 37,824 shares withheld/disposed at $3.19 per share for $120,659 (transaction code F).
• Exercise/Conversion price: PSUs convert with no cash exercise price listed ($0.00 reported for derivative disposition).
• Net shares delivered to insider: 6,071 shares (43,895 − 37,824).
• Shares owned after transaction: not reported in the provided filing details.
• Relevant footnotes:
  • F1: Each PSU represents a contingent right to one share.
  • F2: Withholding represents shares retained to satisfy tax withholding on vesting.
  • F3: The PSU performance condition was met; vesting schedule noted (5/12 vested Dec 17, 2025; remaining vests in 1/12 quarterly installments over the next 7 quarters).

Context
PSUs are performance-based awards that convert to stock when performance and service conditions are met. The withholding of shares to cover taxes is a routine administrative step (not a market sale) and should not be read as a directional trade by the insider. This filing documents a conversion/vesting event rather than a purchase or a voluntary sale on the open market.