Form 4 Stitch Fix, Inc. For: Nov 30 Filed by: Baseline Increased Exposure Fund, LLC

December 2, 2020 5:16 PM

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 ^*

BASELINE VENTURES 2009 LLC

(Last)

(First)

(Middle)

C/O BASELINE VENTURES

680 S. CACHE STREET, SUITE 100-10820

(Street)

JACKSON

83001

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
Stitch Fix, Inc. [ SFIX ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

Director	X	10% Owner
Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
11/30/2020

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

	Form filed by One Reporting Person
X	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Class A Common Stock	11/30/2020		C		826,451 ⁽³⁾ ⁽⁴⁾	A	$ 0	826,451	I	See Footnotes ⁽¹⁾ ⁽²⁾
Class A Common Stock	11/30/2020		J⁽¹⁾		826,451 ⁽³⁾ ⁽⁴⁾	D	$ 0	0	I	See Footnotes ⁽¹⁾ ⁽²⁾

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Class B Common Stock	⁽⁵⁾ ⁽⁶⁾	11/30/2020		C			826,451 ⁽³⁾ ⁽⁴⁾	⁽⁵⁾⁽⁶⁾	⁽⁷⁾	Class A Common Stock	826,451	$ 0	20,184,014	I	See Footnotes ⁽¹⁾ ⁽²⁾ ⁽⁸⁾
Class B Common Stock	⁽⁵⁾ ⁽⁶⁾	11/30/2020		J⁽¹⁾⁽⁸⁾			377,497 ⁽⁸⁾	⁽⁵⁾⁽⁶⁾	⁽⁷⁾	Class A Common Stock	377,497 ⁽⁸⁾	$ 0	19,806,517	I	See Footnotes ⁽¹⁾ ⁽²⁾ ⁽⁸⁾

Explanation of Responses:

1. On November 30, 2020: (i) Baseline Ventures 2009, LLC ("BV 2009") distributed Class A common stock to its non-managing members and Class B common stock to its managing member (Baseline Ventures 2009 Associates, LLC ("BVA 2009")). BVA 2009 is the managing member of BV 2009. Steven Anderson is the sole member of BVA 2009. (ii) Baseline Increased Exposure Fund, LLC ("BIE") distributed Class A common stock to its non-managing members and Class B common stock to its managing member (Baseline Increased Exposure Fund Associates, LLC ("BIEA")). Steven Anderson is the sole member of BIEA. (iii) BVA 2009 and BIEA in turn distributed Class B common stock to Steven Anderson. Steven Anderson has separately filed a Form 4.

2. Following the distribution, the shares held by Reporting Persons are follows: (i) 6,336,871 shares of Class B common stock directly held by BIE; (ii) 12,926,335 shares of Class B common stock directly held by BV 2009; (iii) 277,911 shares of Class B common stock held directly by Baseline Cable Car, LLC; (iv) 265,400 shares of Class B common stock held by Baseline Encore, L.P. ("BE"). Baseline Encore Associates, LLC ("BEA") is the general partner of BE. Steven Anderson is the sole member of BCC and BEA. Steven Anderson is a Member of BIE and through such Membership interest indirectly owns up to 54,893 shares of Class B common stock through such membership interest in BIE (out of the shares that BIE owns referenced in (i)). Each Reporting Person disclaims beneficial ownership of the securities except to the extent of its pecuniary interest therein.

3. BV 2009 converted 554,731 shares from Class B to Class A common stock prior to the distribution of the Class A shares to the non-managing members of BV 2009.

4. BIE converted 271,720 shares from Class B to Class A common stock prior to their distribution of the Class A shares to the non-managing members of BIE.

5. Each share of Class B Common Stock is convertible at any time at the option of the Reporting Person into one share of Class A Common Stock and has no expiration date. Class B Common Stock will convert automatically into Class A Common Stock on the earlier of (i) the date on which the number of outstanding shares of Class B Common Stock represents less than 10% of the aggregate combined number of outstanding shares of Class A Common Stock and Class B Common Stock; (ii) ten years following the effective date of the Issuer's initial public offering; or (iii) 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.

6. In addition, each share of Class B Common Stock will convert automatically into one share of Class A Common Stock (i) upon any transfer, whether or not for value (subject to certain exceptions), or (ii) in the event of the death or disability (as defined in the amended and restated certificate of incorporation of the Issuer) of the reporting person, shares of Class B Common Stock held by the reporting person or the reporting person's permitted estate planning entities will convert into Class A Common Stock.

7. Not Applicable.

8. These Class B shares were distributed to BVA 2009 and BIEA, and then distributed to, and are held directly by, Steven Anderson. Row 1, Column 9 includes Class B shares distributed to, and held directly by, Steven Anderson.

	By Stephanie Malkowski, Authorized Person Acting on behalf of Baseline Ventures 2009 Associates, LLC the general partner of Baseline Ventures 2009, LLC, /s/ Stephanie Malkowski	12/02/2020
	** Signature of Reporting Person	Date
	By Stephanie Malkowski, Authorized Person Acting on behalf of Baseline Cable Car , LLC, /s/ Stephanie Malkowski	12/02/2020
	** Signature of Reporting Person	Date
	By Stephanie Malkowski, Authorized Person Acting on behalf of Baseline Encore L.P., LLC the general partner of Baseline Encore, LLC, /s/ Stephanie Malkowski	12/02/2020
	** Signature of Reporting Person	Date
	By Stephanie Malkowski, Authorized Person Acting on behalf of Baseline Increased Exposure Fund Associates, LLC the general partner of Baseline Increased Exposure Fund, LLC, /s/ Stephanie Malkowski	12/02/2020
	** Signature of Reporting Person	Date
	By Stephanie Malkowski, Authorized Person Acting on behalf of Baseline Encore Associates, LLC, /s/ Stephanie Malkowski	12/02/2020
	** Signature of Reporting Person	Date
	By Stephanie Malkowski, Authorized Person Acting on behalf of Baseline Increased Exposure Fund Associates, LLC, /s/ Stephanie Malkowski	12/02/2020
	** Signature of Reporting Person	Date
	By Stephanie Malkowski, Authorized Person Acting on behalf of Baseline Ventures 2009 Associates, LLC, /s/ Stephanie Malkowski	12/02/2020
	** Signature of Reporting Person	Date
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Form 4 Stitch Fix, Inc. For: Nov 30 Filed by: Baseline Increased Exposure Fund, LLC

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