Form 4: Accolade CEO Rajeev Singh Reports Stock Transactions
SEC Form 4 Filing
Accolade's CEO, Rajeev Singh, reports the vesting and sale of common stock to cover tax obligations, along with holdings through Avanti Holdings, LLC.
Summary
- On February 3, 2025, Rajeev Singh, CEO of Accolade, Inc., acquired 3,786 shares of common stock through the conversion of Restricted Stock Units (RSUs) at a price of $0.
- On February 4, 2025, Singh sold 1,170 shares of common stock at $6.926 per share to cover tax withholding obligations related to the vesting of RSUs.
- Following these transactions, Singh directly owns 822,827 shares of Accolade common stock.
- Singh also indirectly owns 651,619 shares through Avanti Holdings, LLC, where he has voting and investment power.
- The RSUs were granted on June 27, 2023, and vest over time, with a portion vesting on the first anniversary of the Vesting Commencement Date (June 1, 2024) and the remainder vesting monthly thereafter.
Sentiment
Score: 6
Explanation: The sentiment is neutral as it reflects routine transactions related to executive compensation and tax obligations.
Future Outlook
The remaining RSUs will continue to vest monthly, subject to continuous service.
Industry Context
Form 4 filings are standard practice for reporting transactions by company insiders, providing transparency to investors.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the sale of shares to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| June 1, 2023 | Vesting Commencement Date for RSUs |
| June 27, 2023 | Date RSUs were granted |
| June 1, 2024 | First anniversary of Vesting Commencement Date; initial RSU vesting |
| February 3, 2025 | Conversion of RSUs into 3,786 shares of common stock |
| February 4, 2025 | Sale of 1,170 shares of common stock to cover tax obligations |
| February 5, 2025 | Date of signature for the Form 4 filing |
Keywords
Accolade, Rajeev Singh, Form 4, Stock, RSU, Beneficial Ownership, ACCD
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