Stitch Fix (SFIX) CFO David Aufderhaar Converts PSUs; Shares Withheld

What Happened

• David Aufderhaar, Chief Financial Officer of Stitch Fix (SFIX), had performance stock units (PSUs) convert into company shares on 2026-09-16. The filing reports 43,895 shares issued upon conversion/exercise of derivative awards. To satisfy tax withholding obligations, the company withheld 62,665 shares at $2.94 per share, producing proceeds of $184,235. The derivative conversion entries show $0 exercise price for the converted PSUs (typical for vested unit-to-share settlements).

Key Details

• Transaction date: September 16, 2026; Form 4 filed September 18, 2026 (timely filing).
• Converted/exercised: 43,895 shares (PSUs converted to common stock; reported as derivative exercise).
• Withholding for taxes: 62,665 shares withheld at $2.94/share, proceeds $184,235 (reported as disposition for tax withholding).
• Shares owned after transaction: Not disclosed in the excerpt of the filing.
• Relevant footnotes: F1—each PSU equals one contingent share; F2—shares withheld to satisfy tax obligations; F3—PSU performance condition achieved; vesting schedule noted (5/12 vested Dec 17, 2025, remainder vests 1/12 quarterly over next 7 quarters).

Context

• This was not an open-market sale by the insider; the company withheld shares to cover taxes on vesting (a common, administrative "cashless" settlement) rather than the insider actively selling shares for cash. PSUs are awards that convert to shares when performance and service conditions are met; the filing indicates the PSU performance condition was achieved and vesting is being satisfied per the stated schedule. This type of transaction is routine and typically reflects compensation vesting rather than a directional bet by the insider.