SEC Form 4 · accession 0001209191-18-037568
Stitch Fix, Inc. · SFIX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
A later amendment supersedes this filing — read the amendment. The figures below are kept as originally reported (version chain, not an overwrite).
Reporting owners
Mitchell Lasky
10% Owner
Robert Kagle
10% Owner
Alexandre Balkanski
10% Owner
Steven M Spurlock
10% Owner
Bruce Dunlevie
10% Owner
Kevin Harvey
10% Owner
Peter H Fenton
10% Owner
Matt Cohler
10% Owner
Eric Vishria
10% Owner
Period of report
Jun 11, 2018
Accepted (ET)
Jun 13, 2018 · 6:53 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001576942
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class A Common StockF1 | Jun 11, 2018 | C | 2,595,045 | $0.00 | A | 2,595,045 | I | See footnote |
| Class A Common StockF2 | Jun 11, 2018 | C | 404,955 | $0.00 | A | 404,955 | I | See footnote |
| Class A Common StockF1 | Jun 11, 2018 | J | 2,595,045 | $0.00 | D | 0 | I | See footnote |
| Class A Common StockF2 | Jun 11, 2018 | J | 404,955 | $0.00 | D | 0 | I | See footnote |
| Class A Common StockF6 | Jun 11, 2018 | J | 39,124 | $0.00 | A | 39,124 | I | See footnote |
| Class A Common StockF7,F6 | Jun 11, 2018 | S | 1,201 | $24.566 | D | 37,923 | I | See footnote |
| Class A Common StockF8 | Jun 11, 2018 | J | 1,990 | $0.00 | A | 1,990 | I | See footnote |
| Class A Common StockF9,F8 | Jun 12, 2018 | S | 95 | $24.9132 | D | 1,895 | I | See footnote |
| Class A Common StockF10,F8 | Jun 13, 2018 | S | 1,895 | $25.0316 | D | 0 | I | See footnote |
| Class A Common StockF11 | Jun 11, 2018 | J | 33,581 | $0.00 | A | 33,581 | I | See footnote |
| Class A Common StockF9,F11 | Jun 12, 2018 | S | 1,605 | $24.9132 | D | 31,976 | I | See footnote |
| Class A Common StockF10,F11 | Jun 13, 2018 | S | 31,976 | $25.0316 | D | 0 | I | See footnote |
| Class A Common StockF12 | Jun 11, 2018 | J | 125,743 | $0.00 | A | 125,743 | I | See footnote |
| Class A Common StockF7,F12 | Jun 11, 2018 | S | 4,008 | $24.566 | D | 121,735 | I | See footnote |
| Class A Common StockF13 | Jun 11, 2018 | J | 36,415 | $0.00 | A | 36,415 | I | See footnote |
| Class A Common StockF14,F13 | Jun 12, 2018 | S | 29,492 | $24.0981 | D | 6,923 | I | See footnote |
| Class A Common StockF13 | Jun 12, 2018 | G | 6,923 | $0.00 | D | 0 | I | See footnote |
| Class A Common StockF15 | Jun 11, 2018 | J | 130,501 | $0.00 | A | 130,501 | I | See footnote |
| Class A Common StockF14,F15 | Jun 12, 2018 | S | 6,667 | $24.0981 | D | 123,834 | I | See footnote |
| Class A Common StockF16 | Jun 11, 2018 | J | 126,610 | $0.00 | A | 126,610 | I | See footnote |
| Class A Common StockF7,F16 | Jun 11, 2018 | S | 4,008 | $24.566 | D | 122,602 | I | See footnote |
| Class A Common StockF17 | Jun 11, 2018 | J | 18,799 | $0.00 | A | 18,799 | I | See footnote |
| Class A Common StockF18 | Jun 11, 2018 | J | 132,997 | $0.00 | A | 132,997 | I | See footnote |
| Class A Common Stock | Jun 11, 2018 | J | 56,725 | $0.00 | A | 56,725 | D | |
| Class A Common StockF19 | Jun 11, 2018 | J | 22,343 | $0.00 | A | 22,343 | I | See footnote |
| Class A Common StockF20 | Jun 11, 2018 | J | 121,692 | $0.00 | A | 121,692 | I | See footnote |
| Class A Common StockF7,F20 | Jun 11, 2018 | S | 4,008 | $24.566 | D | 117,684 | I | See footnote |
| Class A Common StockF21 | Jun 11, 2018 | J | 2,458 | $0.00 | A | 2,458 | I | See footnote |
| Class A Common Stock | Jun 11, 2018 | J | 466 | $0.00 | A | 466 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Class B Common StockF1,F22,F23,F24 | — | Jun 11, 2018 | C | 2,595,045 | D | — | — | Class A Common Stock | 2,595,045 | 15,287,195 | I |
| Class B Common StockF2,F22,F23,F24 | — | Jun 11, 2018 | C | 404,955 | D | — | — | Class A Common Stock | 404,955 | 2,621,710 | I |
Explanation of responses
- F1Shares are held by Benchmark Capital Partners VII, L.P. ("BCP VII"), as nominee for BCP VII, Benchmark Founders' Fund VII, L.P. ("BFF VII"), Benchmark Founders' Fund VII-B, L.P. ("BFF VII-B") and related persons. Benchmark Capital Management Co. VII, L.L.C. ("BCMC VII"), the general partner of each of BCP VII, BFF VII and BFF VII-B, may be deemed to have sole voting and investment power over such shares. Matthew R. Cohler, Bruce W. Dunlevie, Peter H. Fenton, J. William Gurley, Kevin R. Harvey, Mitchell H. Lasky, Steven M. Spurlock and Eric Vishria, the managing members of BCMC VII, may be deemed to share voting and investment power over these shares beneficially held by such entities. Each such person and entity disclaims the existence of a "group" and disclaims beneficial ownership of any securities (except to the extent such person's or entity's pecuniary interest in such securities).
- F10The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $24.95 to $25.22, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- F11Shares are held by Alexandre Balkanski's family trust.
- F12Shares are held by Matthew R. Cohler's family trust.
- F13Shares are held by limited partnerships controlled by Bruce W. Dunlevie.
- F14The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $24.00 to $24.26, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- F15Shares are held by Bruce W. Dunlevie's family trust.
- F16Shares are held by Peter H. Fenton's family trusts.
- F17Shares are held by limited partnerships controlled by Kevin R. Harvey.
- F18Shares are held by Kevin R. Harvey's family trust.
- F19Shares are held by a limited partnership controlled by Robert C. Kagle.
- F2Shares are held by Benchmark Capital Partners VI, L.P. ("BCP VI"), as nominee for BCP VI, Benchmark Founders' Fund VI, L.P. ("BFF VI"), Benchmark Founders' Fund VI-B, L.P. ("BFF VI-B") and related persons. Benchmark Capital Management Co. VI, L.L.C. ("BCMC VI"), the general partner of each of BCP VI, BFF VI and BFF VI-B, may be deemed to have sole voting and investment power over such shares. Alexandre Balkanski, Matthew R. Cohler, Bruce W. Dunlevie, Peter H. Fenton, J. William Gurley, Kevin R. Harvey, Robert C. Kagle, Mitchell H. Lasky and Steven M. Spurlock, the managing members of BCMC VI, may be deemed to share voting and investment power over these shares beneficially held by such entities. Each such person and entity disclaims the existence of a "group" and disclaims beneficial ownership of any securities (except to the extent such person's or entity's pecuniary interest in such securities).
- F20Shares are held by Mitchell H. Lasky's family trust.
- F21Shares are held by a limited partnership controlled by Mitchell H. Lasky.
- F22Each 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.
- F23In 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 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.
- F24Not applicable.
- F3Represents a pro-rata, in-kind distribution by BCP VII and its affiliated funds and associated persons, without additional consideration, to their respective partners, members and assigns.
- F4Represents a pro-rata, in-kind distribution by BCP VI and its affiliated funds and associated persons, without additional consideration, to their respective partners, members and assigns.
- F5Represents a pro-rata, in-kind distribution by BCP VI, BCP VII and their affiliated funds and associated persons, without additional consideration, to their respective partners, members and assigns.
- F6Shares are held by Steven M. Spurlock's family trust.
- F7The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $23.82 to $25.575, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- F8Shares are held by a limited partnership controlled by Alexandre Balkanski.
- F9The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $24.90 to $24.95, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
Remarks
This report is one of three reports, each on a separate Form 4, but relating to the same transaction being filed by entities affiliated with Benchmark and their applicable members.