Stitch Fix Announces New Employee Inducement Grants

SAN FRANCISCO, Dec. 15, 2023 (GLOBE NEWSWIRE) — Stitch Fix, Inc. (NASDAQ:SFIX), the leading online personal styling service, today announced that effective December 15, 2023, the compensation committee of the company’s board of directors granted restricted stock units (RSUs) to two new employees to acquire an aggregate of 283,588 shares of the company’s Class A common stock. One fourth of these restricted stock units will vest on March 13, 2024, and the remainder will vest in 3 equal quarterly installments of 1/4th over the next three subsequent quarterly RSU vesting dates, subject to the recipient’s continuous service on each vesting date. The 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.

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