Stitch Fix Announces New Employee Inducement Grant
12 Dezembro 2023 - 7:00PM
Stitch Fix, Inc. (NASDAQ:SFIX), the leading online personal styling
service, today announced that effective December 8, 2023, the
compensation committee of the company’s board of directors granted
Tony Bacos, Chief Product and Technology Officer, the option to
purchase 722,543 shares of the company’s Class A common stock, at a
per share exercise price of $3.99, and restricted stock units
(RSUs) to acquire 361,272 shares of the company’s Class A common
stock. One fourth (25%) of the stock option and RSU will vest on
June 12, 2024. The remaining shares subject to the option and the
RSU shall vest as follows: 12.5% of the shares will vest on each of
the next two quarterly vesting dates; 8.33% will vest on each of
the four subsequent quarterly vesting dates, and 4.17% will vest on
each of the four subsequent quarterly vesting dates, subject to Mr.
Bacos’s continued service on each vesting date. The stock options
and RSUs were granted pursuant to, and are subject to the terms of,
the Stitch Fix, Inc. Amended and Restated 2019 Inducement Plan and
forms of stock option and RSU agreements thereunder, which were
approved by the company's board of directors in April 2022 under
Rule 5635(c)(4) of the Nasdaq Global Market for equity grants to
induce new employees to enter into employment with the company.
About Stitch Fix, Inc.
Stitch Fix combines the human touch of expert
stylists with the precision of advanced data science to make online
personal styling accessible to everyone. Stitch Fix helps millions
of clients across the United States find clothing and accessories
they love through a unique model that can extend far beyond the
closet to define the future of shopping. For more, visit
https://www.stitchfix.com.
IR Contact:Hayden Blairir@stitchfix.com |
PR Contact:Kathryn Hullmedia@stitchfix.com |
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