# EDGAR Filing Document

**Accession Number:** 0001576942
**File Stem:** 0001576942-23-000013
**Filing Date:** 2023-2
**Character Count:** 25860
**Document Hash:** acc874f9d518ecc763ef7c1bddece84d
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001576942-23-000013.hdr.sgml**: 20230213

**ACCESSION NUMBER**: 0001576942-23-000013

**CONFORMED SUBMISSION TYPE**: SC 13G/A

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20230213

**DATE AS OF CHANGE**: 20230210

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Stitch Fix, Inc.
- **CENTRAL INDEX KEY:** 0001576942
- **STANDARD INDUSTRIAL CLASSIFICATION:** RETAIL-CATALOG & MAIL-ORDER HOUSES [5961]
- **IRS NUMBER:** 275026540
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0729

**FILING VALUES:**
- **FORM TYPE:** SC 13G/A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-90194
- **FILM NUMBER:** 23614250

**BUSINESS ADDRESS:**
- **STREET 1:** 1 MONTGOMERY STREET
- **STREET 2:** SUITE 1100
- **CITY:** SAN FRANCISCO
- **STATE:** CA
- **ZIP:** 94104
- **BUSINESS PHONE:** 415-882-7765

**MAIL ADDRESS:**
- **STREET 1:** 1 MONTGOMERY STREET
- **STREET 2:** SUITE 1100
- **CITY:** SAN FRANCISCO
- **STATE:** CA
- **ZIP:** 94104
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Lake Katrina
- **CENTRAL INDEX KEY:** 0001661964

**FILING VALUES:**
- **FORM TYPE:** SC 13G/A

**MAIL ADDRESS:**
- **STREET 1:** 111 W. WASHINGTON STREET, SUITE 2100
- **CITY:** CHICAGO
- **STATE:** IL
- **ZIP:** 60602

**SECURITIES AND EXCHANGE COMMISSION**

**WASHINGTON, DC 20549**

**SCHEDULE 13G/A**

**UNDER THE SECURITIES EXCHANGE ACT OF 1934**

(Amendment No. 5)\*

**Stitch Fix, Inc.**

(Name of Issuer)

**Class A Common Stock, par value $0.00002 per share**

(Title of Class of Securities)

**860897107**

(CUSIP Number)

**December 31, 2022**

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

◻&nbsp;&nbsp;&nbsp;&nbsp;Rule 13d-1(b)

◻&nbsp;&nbsp;&nbsp;&nbsp;Rule 13d-1(c)

⌧&nbsp;&nbsp;&nbsp;&nbsp;Rule 13d-1(d)

\*The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

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| | |
|:---|:---|
| **CUSIP No. 860897107** | **13G** |

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| | | | |
|:---|:---|:---|:---|
| 1. | Names of Reporting Persons <br>Katrina Lake | Names of Reporting Persons <br>Katrina Lake | Names of Reporting Persons <br>Katrina Lake |
| 2. | Check the Appropriate Box if a Member of a Group (see instructions) | Check the Appropriate Box if a Member of a Group (see instructions) | Check the Appropriate Box if a Member of a Group (see instructions) |
|  | (a) ◻ | (a) ◻ | (a) ◻ |
|  | (b) ◻ | (b) ◻ | (b) ◻ |
| 3. | SEC USE ONLY | SEC USE ONLY | SEC USE ONLY |
| 4. | Citizenship or Place of Organization <br>United States | Citizenship or Place of Organization <br>United States | Citizenship or Place of Organization <br>United States |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person With: | Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person With: | 5. | Sole Voting Power<br>10,297,422 (1)(2) |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person With: | Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person With: | 6. | Shared Voting Power<br>0 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person With: | Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person With: | 7. | Sole Dispositive Power<br>10,297,422 (1)(2) |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person With: | Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person With: | 8. | Shared Dispositive Power<br>0 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person<br>10,297,422 (1)(2) | Aggregate Amount Beneficially Owned by Each Reporting Person<br>10,297,422 (1)(2) | Aggregate Amount Beneficially Owned by Each Reporting Person<br>10,297,422 (1)(2) |
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (see instructions) ◻ | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (see instructions) ◻ | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (see instructions) ◻ |
| 11. | Percent of Class Represented by Amount in Row 9<br>10.6%(2)(3)(4) | Percent of Class Represented by Amount in Row 9<br>10.6%(2)(3)(4) | Percent of Class Represented by Amount in Row 9<br>10.6%(2)(3)(4) |
| 12. | Type of Reporting Person (see instructions)<br>IN | Type of Reporting Person (see instructions)<br>IN | Type of Reporting Person (see instructions)<br>IN |

---

(1)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Consists of (i) 9,378,897 shares of Class B common stock held by the Katrina M. Lake Revocable Trust dated May 23, 2016, of which Ms. Lake is the trustee, (ii) 191,648 shares of Class B common stock and 9,557 shares of Class A common stock held by the John C. Clifford and Katrina M. Lake Revocable Trust dated May 23, 2016, of which Ms. Lake is a co-trustee (iii) 243,248 shares of Class A common stock issuable under outstanding options exercisable within 60 days of December 31, 2022, and (iv) 474,072 shares of Class B common stock issuable under outstanding options exercisable within 60 days of December 31, 2022.

(2)&nbsp;&nbsp;&nbsp;&nbsp;Each share of Class A common stock is entitled to one vote and each share of Class B common stock is entitled to ten votes. Each share of Class B common stock is convertible into one share of Class A common stock at any time at the option of the holder and upon the occurrence of certain other events as described in the Issuer's Amended and Restated Certificate of Incorporation. In addition, each share of Class B common stock will automatically convert into one share of Class A common stock upon any transfer, except for certain permitted transfers described in the Issuer's Amended and Restated Certificate of Incorporation.

(3)&nbsp;&nbsp;&nbsp;&nbsp;The percent of class was calculated based on 97,281,476 shares of Class A common stock (assuming the conversion of the 9,570,545 shares of Class B common stock held by the reporting person and that the 243,248 shares of Class A common stock and 474,072 shares of Class B common stock underlying stock options referred in footnote (1) above are deemed outstanding) as of December 31, 2022. If the outstanding number of shares included both Class A common stock and Class B common stock, the percentage would be 9.1%.

(4)&nbsp;&nbsp;&nbsp;&nbsp;The percentage reported does not reflect the ten for one voting power of the Class B common stock. The 10,297,422 shares of Class A and Class B common stock held by the reporting person represent 29.1% of the aggregate combined voting power of the Class A common stock and Class B common stock as of December 31, 2022 (assuming that the 243,248 shares of Class A common stock and 474,072 shares of Class B common stock underlying stock options referred in footnote (1) above are deemed outstanding).

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| | |
|:---|:---|
| **CUSIP No. 860897107** | **13G** |

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| | | | |
|:---|:---|:---|:---|
| 1. | Names of Reporting Persons <br>Katrina M. Lake Revocable Trust dated May 23, 2016 | Names of Reporting Persons <br>Katrina M. Lake Revocable Trust dated May 23, 2016 | Names of Reporting Persons <br>Katrina M. Lake Revocable Trust dated May 23, 2016 |
| 2. | Check the Appropriate Box if a Member of a Group (see instructions) | Check the Appropriate Box if a Member of a Group (see instructions) | Check the Appropriate Box if a Member of a Group (see instructions) |
|  | (a) ◻ | (a) ◻ | (a) ◻ |
|  | (b) ◻ | (b) ◻ | (b) ◻ |
| 3. | SEC USE ONLY | SEC USE ONLY | SEC USE ONLY |
| 4. | Citizenship or Place of Organization <br>California | Citizenship or Place of Organization <br>California | Citizenship or Place of Organization <br>California |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person With: | Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person With: | 5. | Sole Voting Power<br>9,378,897 (1)(2) |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person With: | Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person With: | 6. | Shared Voting Power<br>0 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person With: | Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person With: | 7. | Sole Dispositive Power<br>9,378,897 (1)(2) |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person With: | Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person With: | 8. | Shared Dispositive Power<br>0 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person<br>9,378,897 (1)(2) | Aggregate Amount Beneficially Owned by Each Reporting Person<br>9,378,897 (1)(2) | Aggregate Amount Beneficially Owned by Each Reporting Person<br>9,378,897 (1)(2) |
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (see instructions) ◻ | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (see instructions) ◻ | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (see instructions) ◻ |
| 11. | Percent of Class Represented by Amount in Row 9<br>9.7%(2)(3)(4) | Percent of Class Represented by Amount in Row 9<br>9.7%(2)(3)(4) | Percent of Class Represented by Amount in Row 9<br>9.7%(2)(3)(4) |
| 12. | Type of Reporting Person (see instructions)<br>OO | Type of Reporting Person (see instructions)<br>OO | Type of Reporting Person (see instructions)<br>OO |

---

(1)&nbsp;&nbsp;&nbsp;&nbsp;Consists of 9,378,897 shares of Class B common stock held by the Katrina M. Lake Revocable Trust dated May 23, 2016. Ms. Lake retains sole voting and dispositive power over these shares.

(2)&nbsp;&nbsp;&nbsp;&nbsp;Each share of Class A common stock is entitled to one vote and each share of Class B common stock is entitled to ten votes. Each share of Class B common stock is convertible into one share of Class A common stock at any time at the option of the holder and upon the occurrence of certain other events as described in the Issuer's Amended and Restated Certificate of Incorporation. In addition, each share of Class B common stock will automatically convert into one share of Class A common stock upon any transfer, except for certain permitted transfers described in the Issuer's Amended and Restated Certificate of Incorporation.

(3)&nbsp;&nbsp;&nbsp;&nbsp;The percent of class was calculated based on 96,372,508 shares of Class A common stock (assuming the conversion of the 9,378,897 shares of Class B Common Stock held by the reporting person) as of December 31, 2022. If the outstanding number of shares included both Class A common stock and Class B common stock, the percentage would be 8.3%.

(4)&nbsp;&nbsp;&nbsp;&nbsp;The percentage reported does not reflect the ten for one voting power of the Class B common stock. The 9,378,897 shares of Class B common stock held by the reporting person represent 27.5% of the aggregate combined voting power of the Class A common stock and Class B common stock as of December 31, 2022.

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| | |
|:---|:---|
| **CUSIP No. 860897107** | **13G** |

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| | | | |
|:---|:---|:---|:---|
| 1. | Names of Reporting Persons <br>John C. Clifford and Katrina M. Lake Revocable Trust dated May 23, 2016 | Names of Reporting Persons <br>John C. Clifford and Katrina M. Lake Revocable Trust dated May 23, 2016 | Names of Reporting Persons <br>John C. Clifford and Katrina M. Lake Revocable Trust dated May 23, 2016 |
| 2. | Check the Appropriate Box if a Member of a Group (see instructions) | Check the Appropriate Box if a Member of a Group (see instructions) | Check the Appropriate Box if a Member of a Group (see instructions) |
|  | (a) ◻ | (a) ◻ | (a) ◻ |
|  | (b) ◻ | (b) ◻ | (b) ◻ |
| 3. | SEC USE ONLY | SEC USE ONLY | SEC USE ONLY |
| 4. | Citizenship or Place of Organization <br>California | Citizenship or Place of Organization <br>California | Citizenship or Place of Organization <br>California |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person With: | Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person With: | 5. | Sole Voting Power<br>201,205 (1)(2) |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person With: | Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person With: | 6. | Shared Voting Power<br>0 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person With: | Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person With: | 7. | Sole Dispositive Power<br>201,205 (1)(2) |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person With: | Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person With: | 8. | Shared Dispositive Power<br>0 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person<br>201,205 (1)(2) | Aggregate Amount Beneficially Owned by Each Reporting Person<br>201,205 (1)(2) | Aggregate Amount Beneficially Owned by Each Reporting Person<br>201,205 (1)(2) |
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (see instructions) ◻ | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (see instructions) ◻ | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (see instructions) ◻ |
| 11. | Percent of Class Represented by Amount in Row 9<br>0.2%(2)(3)(4) | Percent of Class Represented by Amount in Row 9<br>0.2%(2)(3)(4) | Percent of Class Represented by Amount in Row 9<br>0.2%(2)(3)(4) |
| 12. | Type of Reporting Person (see instructions)<br>OO | Type of Reporting Person (see instructions)<br>OO | Type of Reporting Person (see instructions)<br>OO |

---

(1)&nbsp;&nbsp;&nbsp;&nbsp;Consists of 191,648 shares of Class B common stock and 9,557 shares of Class A common stock held by the John C. Clifford and Katrina M. Lake Revocable Trust dated May 23, 2016. Ms. Lake retains sole voting and dispositive power over these shares.

(2)&nbsp;&nbsp;&nbsp;&nbsp;Each share of Class A common stock is entitled to one vote and each share of Class B common stock is entitled to ten votes. Each share of Class B common stock is convertible into one share of Class A common stock at any time at the option of the holder and upon the occurrence of certain other events as described in the Issuer's Amended and Restated Certificate of Incorporation. In addition, each share of Class B common stock will automatically convert into one share of Class A common stock upon any transfer, except for certain permitted transfers described in the Issuer's Amended and Restated Certificate of Incorporation.

(3)&nbsp;&nbsp;&nbsp;&nbsp;The percent of class was calculated based on 87,185,259 shares of Class A common stock (assuming the conversion of the 191,648 shares of Class B Common Stock held by the reporting person) as of December 31, 2022. If the outstanding number of shares included both Class A common stock and Class B common stock, the percentage would be 0.2%.

(4)&nbsp;&nbsp;&nbsp;&nbsp;The percentage reported does not reflect the ten for one voting power of the Class B common stock. The 201,205 shares of Class A and Class B common stock held by the reporting person represent 0.6% of the aggregate combined voting power of the Class A common stock and Class B common stock as of December 31, 2022.

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| | |
|:---|:---|
| **Item 1(a).** | Name of Issuer: Stitch Fix, Inc. |
| **Item 1(b).** | Address of Issuer's Principal Executive Offices: <br>1 Montgomery Street <br>Suite 1100<br>San Francisco, CA 94104 |
| **Item 2(a).** | Name of Person Filing: <br>Katrina Lake<br>Katrina M. Lake Revocable Trust dated May 23, 2016 ("Lake Trust")<br>John C. Clifford and Katrina M. Lake Revocable Trust dated May 23, 2016 ("Clifford/Lake Trust") |
| **Item 2(b).** | Address of Principal Business Office or, if none, Residence: <br>c/o Stitch Fix, Inc.<br>1 Montgomery Street, <br>Suite 1100<br>San Francisco, CA 94104 |
| **Item 2(c).** | Citizenship:<br>Katrina Lake&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;USA<br>Lake Trust&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;California<br>Clifford/Lake Trust &nbsp;&nbsp;&nbsp;&nbsp;California |
| **Item 2(d).** | Title of Class of Securities: Class A common stock |
| **Item 2(e).** | CUSIP Number: 860897107 |
| **Item 3.** | **If this statement is filed pursuant to §§240.13d-1(b), or 240.13d-2(b) or (c), check whether the person filing is a:** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) | ◻&nbsp;&nbsp;&nbsp;&nbsp;Broker or dealer registered under Section 15 of the Act (15 U.S.C. 78o); |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) | ◻&nbsp;&nbsp;&nbsp;&nbsp;Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c); |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) | ◻&nbsp;&nbsp;&nbsp;&nbsp;Insurance company as defined in section 3(a)19) of the Act (15 U.S.C. 78c); |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) | ◻&nbsp;&nbsp;&nbsp;&nbsp;Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8); |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) | ◻&nbsp;&nbsp;&nbsp;&nbsp;An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E); |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) | ◻&nbsp;&nbsp;&nbsp;&nbsp;An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F); |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) | ◻&nbsp;&nbsp;&nbsp;&nbsp;A parent holding company or control person in accordance with §240.13d-1(b)(1)(ii)(G); |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) | ◻&nbsp;&nbsp;&nbsp;&nbsp;A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) | ◻&nbsp;&nbsp;&nbsp;&nbsp;A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j) | ◻&nbsp;&nbsp;&nbsp;&nbsp;A non-U.S. institution in accordance with §240.13d–1(b)(1)(ii)(J); |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(k) | ◻&nbsp;&nbsp;&nbsp;&nbsp;Group, in accordance with §240.13d–1(b)(1)(ii)(K). |
|  | If filing as a non-U.S. institution in accordance with §240.13d–1(b)(1)(ii)(J), please specify the type of institution: ____ |

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**Item 4.**&nbsp;&nbsp;&nbsp;&nbsp;**Ownership**

The following information with respect to the ownership of Class A common stock by the Reporting Person filing this statement on Schedule 13G is provided as of December 31, 2022:

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;**Reporting Person** | **(a) Amount Beneficially Owned** | **(b) Percent of Class** | **(c) Number of shares as to which such person has:** | **(c) Number of shares as to which such person has:** | **(c) Number of shares as to which such person has:** | **(c) Number of shares as to which such person has:** |
| &nbsp;&nbsp;**Reporting Person** | **(a) Amount Beneficially Owned** | **(b) Percent of Class** | **(i) Sole Voting Power** | **(ii) Shared Voting Power** | **(iii) Sole Dispositive Power** | **(iv) Shared Dispositive Power** |
| &nbsp;&nbsp;Katrina Lake(1)(2)(3) | 10297422 | 10.6% | 10297422 | 0 | 10297422 | 0 |
| &nbsp;&nbsp;Lake Trust(2)(4) | 9378897 | 9.7% | 9378897 | 0 | 9378897 | 0 |
| &nbsp;&nbsp;Clifford/Lake Trust(2)(5) | 201205 | 0.2% | 201205 | 0 | 201205 | 0 |

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(1)&nbsp;&nbsp;&nbsp;&nbsp;Consists of (i) 9,378,897 shares of Class B common stock held by the Katrina M. Lake Revocable Trust dated May 23, 2016, of which Ms. Lake is the trustee, (ii) 191,648 shares of Class B common stock and 9,557 shares of Class A common stock held by the John C. Clifford and Katrina M. Lake Revocable Trust dated May 23, 2016, of which Ms. Lake is a co-trustee, (iii) 243,248 shares of Class A common stock issuable under outstanding options exercisable within 60 days of December 31, 2022, and (iv) 474,072 shares of Class B common stock issuable under outstanding options exercisable within 60 days of December 31, 2022.

(2)&nbsp;&nbsp;&nbsp;&nbsp;Each share of Class A common stock is entitled to one vote and each share of Class B common stock is entitled to ten votes. Each share of Class B common stock is convertible into one share of Class A common stock at any time at the option of the holder and upon the occurrence of certain other events as described in the Issuer's Amended and Restated Certificate of Incorporation. In addition, each share of Class B common stock will automatically convert into one share of Class A common stock upon any transfer, except for certain permitted transfers described in the Issuer's Amended and Restated Certificate of Incorporation.

(3)&nbsp;&nbsp;&nbsp;&nbsp;The percent of class was calculated based on 97,281,476 shares of Class A common stock (assuming the conversion of the 9,570,545 shares of Class B Common Stock held by the reporting person and that the 243,248 shares of Class A common stock and 474,072 shares of Class B common stock underlying stock options referred in footnote (1) above are deemed outstanding) as of December 31, 2022. If the outstanding number of shares included both Class A common stock and Class B common stock, the percentage would be 9.1%. The percentage reported does not reflect the ten for one voting power of the Class B common stock. The 10,297,422 shares of Class A and Class B common stock held by the reporting person represent 29.1% of the aggregate combined voting power of the Class A common stock and Class B common stock as of December 31, 2022 (assuming that the 243,248 shares of Class A common stock and 474,072 shares of Class B common stock underlying stock options referred in footnote (1) above are deemed outstanding).

(4)&nbsp;&nbsp;&nbsp;&nbsp;The percent of class was calculated based on 96,372,508 shares of Class A common stock (assuming the conversion of the 9,378,897 shares of Class B Common Stock held by the reporting person) as of December 31, 2022. If the outstanding number of shares included both Class A common stock and Class B common stock, the percentage would be 8.3%. The percentage reported does not reflect the ten for one voting power of the Class B common stock. The 9,378,897 shares of Class B common stock held by the reporting person represent 27.5% of the aggregate combined voting power of the Class A common stock and Class B common stock as of December 31, 2022.

(5)&nbsp;&nbsp;&nbsp;&nbsp;The percent of class was calculated based on 87,185,259 shares of Class A common stock (assuming the conversion of the 191,648 shares of Class B Common Stock held by the reporting person) as of December 31, 2022. If the outstanding number of shares included both Class A common stock and Class B common stock, the percentage would be 0.2%. The percentage reported does not reflect the ten for one voting power of the Class B common stock. The 191,648 shares of Class B common stock and 9,557 shares of Class A common held by the reporting person represent 0.6% of the aggregate combined voting power of the Class A common stock and Class B common stock as of December 31, 2022.

**Item 5.**&nbsp;&nbsp;&nbsp;&nbsp;**Ownership of 5 Percent or Less of a Class**

If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than 5 percent of the class of securities, check the following ◻.

**Item 6.**&nbsp;&nbsp;&nbsp;&nbsp;**Ownership of More than 5 Percent on Behalf of Another Person**

Not Applicable

**Item 7.**&nbsp;&nbsp;&nbsp;&nbsp;**Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person.**

Not Applicable

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**Item 8.**&nbsp;&nbsp;&nbsp;&nbsp;**Identification and Classification of Members of the Group**

Not Applicable

**Item 9.**&nbsp;&nbsp;&nbsp;&nbsp;**Notice of Dissolution of a Group**

Not Applicable

**Item 10.**&nbsp;&nbsp;&nbsp;&nbsp;**Certification**

Not Applicable

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**SIGNATURE**

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Date: February 10, 2022

<u>/s/ Katrina Lake&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u>

Katrina Lake

**KATRINA M. LAKE REVOCABLE** 

**TRUST DATED MAY 23, 2016**

<u>/s/ Katrina Lake&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u>

Katrina Lake, Trustee

**JOHN C. CLIFFORD AND KATRINA M. LAKE** 

**REVOCABLE TRUST DATED MAY 23, 2016**

<u>/s/ Katrina Lake&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u>

Katrina Lake, Co-Trustee

<br>