ACCD.Accolade, INC
Form 4: Accolade CEO Rajeev Singh Reports Acquisition of Restricted Stock Units
Sentiment:
SEC Form 4 Filing
CEO Rajeev Singh reports acquisition of restricted stock units in Accolade, Inc.
Summary
- Rajeev Singh, CEO of Accolade, Inc., filed a Form 4 with the SEC.
- The filing reports the acquisition of 27,778 Restricted Stock Units (RSUs) on June 7, 2024, which vest on December 1, 2024.
- Singh also acquired 175,000 RSUs on June 7, 2024, which vest over three years, starting June 1, 2025.
- Shares of Common Stock will automatically be sold to satisfy the Reporting Person's tax withholding obligations in a non-discretionary transaction on each vesting date.
Sentiment
Score: 5
Explanation: Routine SEC filing; neutral sentiment.
Stakeholder Impact
- Shareholders may view the acquisition of RSUs by the CEO as a positive sign of alignment with company goals.
Key Dates
| Date | Description |
|---|---|
| 06/01/2024 | Vesting Commencement Date for 175,000 RSUs |
| 06/07/2024 | Transaction date for acquisition of 27,778 and 175,000 RSUs |
| 06/10/2024 | Date of signature for the Form 4 filing |
| 12/01/2024 | Vesting date for 27,778 RSUs |
| 06/01/2025 | First vesting date for 1/3 of the 175,000 RSUs |
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