Bacos Anthony 4

What Happened
Anthony Bacos, Chief Product & Technology Officer at Stitch Fix (SFIX), had 43,895 performance-based awards (PSUs) convert into shares on June 17, 2026. Of those shares, 37,010 were withheld by the company to satisfy tax withholding at $4.16 per share (~$153,962). The PSU conversion reported an exercise/conversion price of $0.00, resulting in a net delivery of 6,885 shares to Bacos after withholding.

Key Details

• Transaction date (period of report): June 17, 2026; filing date: June 22, 2026 (filed after the transaction date).
• Derivative conversion: 43,895 PSUs converted into shares (transaction code M). Reported $0.00 per-share exercise price for the conversion.
• Tax withholding: 37,010 shares were withheld (transaction code F) at $4.16/share for total withholding of $153,962.
• Net shares delivered to insider: 6,885 shares (43,895 converted minus 37,010 withheld).
• Footnotes: PSUs represent contingent rights to one share each; the PSU performance condition was met and vesting is tied to prior and future service schedule (5/12 vested Dec 17, 2025; remaining vest in quarterly 1/12 installments across seven quarters).
• Shares owned after transaction: not specified in the provided filing excerpt.
• Filing timeliness: Reported June 22 for a June 17 transaction — this appears to be filed late relative to the Form 4 two-business-day rule.

Context

• This was a settlement of performance awards (PSUs) rather than an open-market purchase or sale. The company used share withholding to cover required tax liabilities (a common, non-market activity).
• Because this is a conversion/settlement with most shares withheld for taxes (a cashless/share-withheld settlement), it is generally considered routine compensation-related activity rather than a forward-looking bullish or bearish signal.