Form 4: Accolade CEO Rajeev Singh Reports Stock Transactions
SEC Form 4 Filing
Accolade's CEO, Rajeev Singh, reports the conversion of restricted stock units and a sale of shares to cover tax obligations.
Summary
- On September 10, 2024, Rajeev Singh, CEO of Accolade, Inc., converted 1,650 Restricted Stock Units (RSUs) into common stock.
- On September 11, 2024, Mr. Singh sold 672 shares of common stock at a price of $3.911 per share.
- Following these transactions, Mr. Singh directly owns 788,002 shares of common stock and indirectly owns 651,619 shares through Avanti Holdings, LLC.
- The sale of shares was to cover tax withholding obligations related to the vesting and settlement of RSUs and was not a discretionary transaction.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing simply reports stock transactions by an insider, which is a routine activity.
Industry Context
Form 4 filings are standard practice for company insiders to report transactions in their company's stock, providing transparency to investors.
Stakeholder Impact
- The transactions provide transparency to shareholders regarding insider activity.
Key Dates
| Date | Description |
|---|---|
| June 10, 2022 | June 2022 RSU Vesting Commencement Date |
| 09/10/2024 | Conversion of Restricted Stock Units to Common Stock |
| 09/11/2024 | Sale of Common Stock |
| 09/12/2024 | Date of Signature |
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