Bacos Anthony 4

What Happened

• Anthony Bacos, Stitch Fix’s Chief Product & Technology Officer, exercised options and sold shares on June 22, 2026. He exercised 50,000 options at $2.48/share (cost $124,000) and sold 70,000 shares in open-market transactions for total proceeds of approximately $282,452 (50,000 shares at a weighted avg $4.03 and 20,000 shares at $4.04). The filing also reports a 50,000-share derivative disposition at $0.00 (listed as an exercise/conversion disposal).

Key Details

• Transaction date: 2026-06-22.
• Exercises: 50,000 shares acquired at $2.48 each (total $124,000).
• Sales: 50,000 shares sold at a weighted avg $4.03 (proceeds $201,580; prices ranged $3.89–$4.115) and 20,000 shares sold at weighted avg $4.04 (proceeds $80,872; prices ranged $3.905–$4.115). Total sale proceeds ≈ $282,452.
• Derivative disposal: 50,000 shares reported as disposed at $0.00 (listed as exercise/conversion).
• Footnotes: Sales were made under a Rule 10b5-1 trading plan entered March 17, 2026 (F1). Weighted-average sale prices and price ranges are provided (F2, F3). Vesting schedule for the option series is described (F4).
• Shares owned after the transactions: not specified in the provided excerpt.
• Filing timeliness: no late-filing indication in the provided data.

Context

• Because the exercise and sales occurred the same day, this effectively looks like a cashless exercise followed by immediate open-market sales (exercise funded by sale proceeds is common and does not necessarily indicate a change in view of the company).
• The $0.00 derivative disposition likely reflects shares forfeited, withheld, or cancelled in connection with the option exercise or tax withholding; the filing lists it as an exercise/conversion disposal.