Stitch Fix Securities

About this settlement

Retail Wholesale Department Store Union Local 338 Retirement Fund v. Stitch Fix, Inc. (N.D. Cal., No. 5:22-cv-04893-PCP) alleged that Stitch Fix misrepresented how its 'Direct Buy' offering would add to — rather than cannibalize — the core Fix subscription business; the defendants deny wrongdoing. The $32,000,000 cash fund pays purchasers of SFIX common stock from June 9, 2020 through June 9, 2022 a pro-rata share of Recognized Loss under the plan of allocation, estimated at roughly $0.17 per eligible share before fees and costs. Purchases before December 8, 2020 carry only 10% weighting (those claims were dismissed), sellers who exited before March 9, 2021 recover nothing, and distributions under $10 are not paid — so this is most meaningful for members who bought after December 2020 and held into the drawdown. Broker confirmations or statements covering June 8, 2020 through September 7, 2022 document the claim, plus the last four digits of a tax ID. File online or by mail by October 7, 2026; the final approval hearing is September 24, 2026. ClaimBridge readies the trade documentation so your registration takes minutes. What you can claim: a pro-rata share of a $32,000,000 fund, which the administrator estimates at roughly $0.17 per eligible share before fees and about $0.04 a share of those fees. Three rules decide whether filing is worth your time. Shares bought between June 9 and December 7, 2020 count for only 10% of what they'd otherwise be worth, because the Court dismissed that period. Shares sold before the close on March 8, 2021 are worth exactly $0.00. And no distribution under $10.00 is paid at all. So this settlement rewards people who bought after December 2020 and held into the drawdown. A Recognized Loss is calculated only for transactions "listed on the Claim Form and for which adequate documentation is provided" — broker confirmations or statements covering June 8, 2020 through September 7, 2022.

Who is eligible?

• I purchased or acquired Stitch Fix (SFIX) common stock between June 9, 2020 and June 9, 2022
• I held shares through at least one corrective disclosure (the first was March 8, 2021) rather than selling everything before March 9, 2021
• I can get broker confirmations or statements documenting my SFIX trades from June 2020 through September 2022