Form 4: Accolade CEO Rajeev Singh Reports Stock Transactions

CEO Rajeev Singh of Accolade, Inc. reports the vesting of restricted stock units and subsequent sale of shares to cover tax obligations.

Summary

• On February 10, 2025, Rajeev Singh, CEO of Accolade, Inc., had 1,650 Restricted Stock Units (RSUs) convert into common stock.
• Following this conversion, Mr. Singh sold 509 shares of common stock on February 11, 2025, at a price of $6.885 per share.
• The sale was to cover tax withholding obligations related to the vesting of the RSUs and was not a discretionary transaction.
• After these transactions, Mr. Singh directly owns 823,968 shares of common stock and indirectly owns 651,619 shares through Avanti Holdings, LLC.
• The RSUs vest over three years from June 10, 2022, with one-third vesting on the first anniversary and the remainder vesting monthly thereafter.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing stock transactions, which is neutral in sentiment.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates the CEO's stock transactions related to vested equity compensation.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the sale of shares, but the impact is likely minimal as it is related to tax obligations.

Key Dates

Keywords

Accolade, Rajeev Singh, Form 4, Stock Transaction, Restricted Stock Units, ACCD, CEO