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Stitch Fix, Inc. — Director's Dealing 2017
Nov 16, 2017
32646_dirs_2017-11-16_2cf5e8c4-946b-42eb-8d94-f5eb8a0c6c73.zip
Director's Dealing
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SEC Form 3 — Initial Statement of Beneficial Ownership
Issuer: Stitch Fix, Inc. (SFIX)
CIK: 0001576942
Period of Report: 2017-11-16
Reporting Person: Yee Paul (Chief Financial Officer)
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Employee Stock Option (Right to Buy) | $16.98 | 2027-06-29 | Class B Common Stock (357000) | Direct | |
| Class B Common Stock | $ | Class A Common Stock (18000) | Direct |
Footnotes
F1: Total stock option was originally granted for 375,000 shares, of which 18,000 shares were early exercised. The stock option vests over four years, with 25% vesting on June 12, 2018 and the balance vesting in equal monthly installments over the remaining three years, subject to the individual's continued service through each vesting date.
F2: Each share of Class B Common Stock is convertible at any time at the option of the Reporting Person into one share of Class A Common Stock and has no expiration date. Class B Common Stock will convert automatically into Class A Common Stock on the earlier of (i) the date on which the number of outstanding shares of Class B Common Stock represents less than 10% of the aggregate combined number of outstanding shares of Class A Common Stock and Class B Common Stock; (ii) ten years following the effective date of the Issuer's initial public offering; or (iii) the date specified by vote of the holders of a majority of the outstanding shares of Class B Common Stock, voting as a single class.
F3: In addition, each share of Class B Common Stock will convert automatically into one share of Class A Common Stock (i) upon any transfer, whether or not for value (subject to certain exceptions), or (ii) in the event of the death or disability (as defined in the amended and restated certificate of incorporation of the Issuer) of the reporting person, shares of Class B Common Stock held by the reporting person or the reporting person's permitted estate planning entities will convert into Class A Common Stock.
F4: Not applicable.