Aufderhaar David 4

What Happened

• David Aufderhaar, Chief Financial Officer of Stitch Fix, converted/exercised 43,895 performance-based derivative awards (PSUs) into common stock on March 18, 2026. To satisfy tax withholding obligations, 52,011 shares were withheld by the company at $3.19 per share, totaling $165,915. The filing also records the derivative conversion lines at $0, reflecting the non-cash conversion of PSUs into shares rather than an open-market sale.

Key Details

• Transaction date: March 18, 2026; Form 4 filed March 20, 2026 (filed within the typical two‑business‑day window).
• Converted/received: 43,895 shares from exercise/conversion of PSUs (transaction code M).
• Withheld/disposed for taxes: 52,011 shares at $3.19/share, value $165,915 (transaction code F — company withholding to satisfy tax liability).
• Shares owned after transaction: Not specified in the provided filing excerpts.
• Relevant footnotes:
  • F1: Each PSU represents a contingent right to one share of Class A common stock.
  • F2: The 52,011 shares were withheld by the company to satisfy tax withholding on vesting.
  • F3: PSU performance condition was achieved; vesting schedule: 5/12 vested Dec 17, 2025, remainder vests in quarterly 1/12 installments over the next 7 quarters.
• Transaction codes explained: M = exercise/conversion of derivative (PSU); F = payment of exercise price or tax liability (share withholding).

Context

• This was not an open‑market sale by the CFO but a routine conversion/vesting of performance stock units with company withholding to cover taxes (a common practice). The $0 disposal lines reflect conversion of derivative awards rather than a cash transaction. Purchases or open‑market buys generally carry more interpretive weight for bullish signals; this filing primarily documents vesting and tax withholding.