Stitch Fix (SFIX) CLO Casey O'Connor Receives Award; Shares Withheld

What Happened
Casey O'Connor, Chief Legal Officer of Stitch Fix (SFIX), had performance-based awards convert into shares on March 18, 2026. A total of 25,284 shares were issued on conversion/exercise of derivative awards (PSUs) at $0.00 (these were awards, not purchases). To satisfy tax withholding obligations, 27,021 shares were withheld by the company at $3.19 per share, resulting in a withholding value of approximately $86,197. This is a compensation-related issuance and routine tax withholding rather than an open-market sale or purchase.

Key Details

• Transaction date: March 18, 2026; Form 4 filed March 20, 2026 (timely filing).
• Award conversion: 25,284 shares recorded as exercise/conversion of derivatives (PSUs) at $0.00 (no cash paid).
• Tax withholding: 27,021 shares withheld at $3.19 per share for taxes, value ≈ $86,197 (disposition code F).
• Shares owned after transaction: Not specified in the filing.
• Footnotes: F1—each PSU converts to one share; F2—shares were withheld to satisfy tax withholding on vesting of restricted stock units; F3—PSU performance condition achieved; vesting schedule noted (5/12 vested Dec 17, 2025; remainder vesting in 1/12 quarterly installments over next 7 quarters).
• Filing status: Appears timely (filed within two business days of the reported transaction date).

Context
The M-code entries indicate conversion/settlement of performance stock units into shares (award/vesting), and the F-code entry reflects routine withholding of shares to cover tax liability. This is a compensation/vesting event and does not necessarily indicate a personal cash sale or purchase intention by the insider.