Stitch Fix Announces New Employee Inducement Grants
April 22 2022 - 4:05PM
Stitch Fix, Inc. (NASDAQ:SFIX), the leading online personal styling
service, today announced that effective April 22, 2022, the
compensation committee of the company’s board of directors granted
restricted stock units to 41 new employees to acquire an aggregate
of 1,987,941 shares of the company’s Class A common stock. One
sixteenth of the restricted stock units will vest on June 15, 2022,
and the remainder will vest in 15 equal quarterly installments of
1/16th over the next fifteen (15) subsequent quarterly RSU vesting
dates, subject to the recipient's continuous 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. 2019
Inducement Plan and forms of stock option and RSU agreements
thereunder, which were approved by the company's board of directors
in October 2019 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 is the world's leading online
personalized shopping experience. Our unique business model
combines the human touch of expert Stylists with the precision of
advanced data science. Since our founding in 2011, we’ve served as
a trusted style partner to millions of people, helping adults and
kids get dressed every day feeling like their best selves. The
Stitch Fix team is building a transformative and inclusive
ecommerce model, an ecosystem of shopping experiences based on
convenience and guided discovery that makes it radically simple and
delightful for customers to discover and buy what they love. For
more, visit https://www.stitchfix.com.
IR Contact:ir@stitchfix.com |
PR Contact:media@stitchfix.com |
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