Aufderhaar David 4

What Happened
David Aufderhaar, Chief Financial Officer of Stitch Fix (SFIX), had performance-based equity convert into shares on 2026-06-17. The filing shows conversion/exercise of 43,895 derivative units (PSUs) that resulted in shares issued (derivative entries show $0 exercise price). Separately, 51,603 shares were withheld/disposed to satisfy tax withholding at $4.16 per share, producing $214,668 in consideration. These transactions reflect equity vesting and tax withholding rather than an open-market purchase or investment sale.

Key Details

• Transaction date: June 17, 2026; Form 4 filed June 22, 2026 (appears a few days after the trade date).
• Conversion/exercise: 43,895 shares from PSUs (derivative code M); some entries show $0.00 exercise price (shares issued upon vesting).
• Tax withholding/disposition: 51,603 shares withheld/disposed at $4.16 per share, total $214,668 (transaction code F).
• Shares owned after transaction: Not specified in the filing.
• Relevant footnotes:
  • F1: Each PSU converts to one Class A common share upon vesting.
  • F2: Withheld shares were used to satisfy tax withholding for vested RSUs.
  • F3: PSU performance condition was met; vesting schedule included partial vesting (5/12 on Dec 17, 2025) with remaining amounts vesting quarterly.

Context
This was a vesting/conversion of performance stock units with a net share-withholding to cover tax obligations (a common, routine corporate practice). The filing shows conversion of derivative awards and net share settlement for taxes rather than an open-market sale or buy. Because the Form 4 was filed several days after the transaction date, investors tracking insider timing should note the filing lag.