SEC Form 4
FORM 4 | UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). |
1. Name and Address of Reporting Person*
(Street)
| 2. Issuer Name and Ticker or Trading Symbol Stitch Fix, Inc. [ SFIX ] | 5. Relationship of Reporting Person(s) to Issuer (Check all applicable)
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3. Date of Earliest Transaction (Month/Day/Year) 05/15/2018 | ||||||||||||||||||||||||||
4. If Amendment, Date of Original Filed (Month/Day/Year) | 6. Individual or Joint/Group Filing (Check Applicable Line)
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
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1. Title of Security (Instr. 3) | 2. Transaction Date (Month/Day/Year) | 2A. Deemed Execution Date, if any (Month/Day/Year) | 3. Transaction Code (Instr. 8) | 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) | 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) | 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 7. Nature of Indirect Beneficial Ownership (Instr. 4) | |||
Code | V | Amount | (A) or (D) | Price | ||||||
Class A Common Stock | 05/15/2018 | C(1)(2) | 1,148,686 | A | (1)(2) | 1,148,686 | I | By Lightspeed Venture Partners VIII, L.P.(3)(4) | ||
Class A Common Stock | 05/15/2018 | J(5) | 1,148,686 | D | (5) | 0 | I | By Lightspeed Venture Partners VIII, L.P.(3)(4) | ||
Class A Common Stock | 05/15/2018 | J(5) | 246,031 | A | (5) | 246,031 | I | By Lightspeed General Partner VIII, L.P.(6)(4) | ||
Class A Common Stock | 05/15/2018 | J(7) | 246,031 | D | (7) | 0 | I | By Lightspeed General Partner VIII, L.P.(6)(4) | ||
Class A Common Stock | 05/15/2018 | J(7) | 31,887 | A | (7) | 31,887 | I | By Eggers Investments, L.P. - Fund 1(8) | ||
Class A Common Stock | 05/15/2018 | J(7) | 32,997 | A | (7) | 32,997 | I | By Mhatre Investments LP - Fund 1(9) | ||
Class A Common Stock | 05/15/2018 | J(7) | 31,887 | A | (7) | 32,087(10) | I | By Nieh Family Investments LP - Fund 1(11) | ||
Class A Common Stock | 05/15/2018 | J(7) | 31,887 | A | (7) | 31,887 | I | By Schaepe-Chiu Investments I LP - Fund 1(12) |
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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1. Title of Derivative Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date (Month/Day/Year) | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) | ||||
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Class B Common Stock | (1)(2) | 05/15/2018 | C(1)(2) | 1,148,686 | (1)(2) | (1)(2) | Class A Common Stock | 1,148,686 | $0 | 9,189,484 | I(3)(4) | See Footnotes(3)(4) |
1. Name and Address of Reporting Person*
(Street)
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1. Name and Address of Reporting Person*
(Street)
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1. Name and Address of Reporting Person*
(Street)
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1. Name and Address of Reporting Person*
(Street)
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1. Name and Address of Reporting Person*
(Street)
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1. Name and Address of Reporting Person*
(Street)
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1. Name and Address of Reporting Person*
(Street)
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Explanation of Responses: |
1. Represents conversion of shares of the Issuer's Class B Common Stock into shares of the Issuer's Class A Common Stock on a 1-for-1 basis. Each share of Class B Common Stock is convertible at any time at the option of the holder into one share of Class A Common Stock. Any holder's shares of Class B Common Stock will convert automatically into Class A Common Stock, on a one-to-one basis, upon any of the following: (i) sale or transfer of such share of Class B Common Stock; (ii) the death of a stockholder that is a natural person; or (iii) on the final conversion date, defined as the earlier of (a) the first trading day on or after the date on which the outstanding shares of Class B Common Stock represent less than 10% of the then outstanding Class A and Class B Common Stock; (b) the tenth anniversary of the Issuer's initial public offering; or (c) 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. |
2. Once transferred and converted into Class A Common Stock, the Class B Common Stock may not be reissued. |
3. Shares held by Lightspeed Venture Partners VIII, L.P. ("LVP VIII"). |
4. Lightspeed Ultimate General Partner VIII, Ltd. ("LUGP VIII") is the sole general partner of Lightspeed General Partner VIII, L.P. ("LGP VIII"), which serves as the sole general partner of LVP VIII. Barry Eggers, Ravi Mhatre, Peter Y. Nieh and Christopher J. Schaepe, the directors of LUGP VIII, share voting and dispositive power with respect to the shares held of record by LVP VIII. Each reporting person disclaims beneficial ownership of such shares except to the extent of his or its pecuniary interest therein. |
5. Represents in-kind distribution by LVP VIII without consideration to its partners (including LGP VIII, the general partner of LVP VIII). |
6. Shares held by LGP VIII. |
7. Represents in-kind distribution by LGP VIII without consideration to its partners (including Messrs. Schaepe, Eggers, Mhatre, and Nieh). |
8. Shares held by Eggers Investments, L.P. - Fund 1. Barry Eggers serves as trustee of the general partner of such entity. |
9. Shares held by Mhatre Investments LP - Fund 1. Ravi Mhatre serves as trustee of the general partner of such entity. |
10. Includes 200 shares held by Peter Nieh's wife, who acquired such shares at a per share price of $24.85 on November 28, 2017 in a small acquisition exempt from Form 4 reporting pursuant to Rule 16a-6. |
11. Shares held by Nieh Family Investments LP - Fund 1. Peter Nieh serves as co-trustee of the general partner of such entity. |
12. Shares held by Schaepe-Chiu Investments I LP - Fund 1. Christopher J. Schaepe serves as co-trustee of the general partner of such entity. |
LIGHTSPEED VENTURE PARTNERS VIII, L.P. By: Lightspeed General Partner VIII, L.P., its general partner By: Lightspeed Ultimate General Partner VIII, Ltd., its general partner By: /s/ RAVI MHATRE Duly Authorized Signatory | 05/17/2018 | |
LIGHTSPEED GENERAL PARTNER VIII, L.P. By: Lightspeed Ultimate General Partner VIII, Ltd., its general partner By: /s/ RAVI MHATRE Duly Authorized Signatory | 05/17/2018 | |
LIGHTSPEED ULTIMATE GENERAL PARTNER VIII, LTD. By: /s/ RAVI MHATRE Duly Authorized Signatory | 05/17/2018 | |
BARRY EGGERS By: /s/ BARRY EGGERS | 05/17/2018 | |
RAVI MHATRE By: /s/ RAVI MHATRE | 05/17/2018 | |
PETER NIEH By: /s/ PETER NIEH | 05/17/2018 | |
CHRISTOPHER J. SCHAEPE By: /s/ CHRISTOPHER J. SCHAEPE | 05/17/2018 | |
** Signature of Reporting Person | Date | |
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v). | ||
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). | ||
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. |