Form 4: Accolade CEO Rajeev Singh Reports Stock Transactions
SEC Form 4 Filing
Accolade's CEO, Rajeev Singh, reports the acquisition and disposal of company stock, including shares acquired through RSU conversions and sales to cover tax obligations.
Summary
- Rajeev Singh, CEO of Accolade, Inc., filed a Form 4 detailing changes in beneficial ownership of the company's stock.
- On August 16, 2024, 933 shares of common stock were acquired through the conversion of Restricted Stock Units (RSUs).
- On August 19, 2024, 373 shares of common stock were sold at a price of $4.145 per share to cover tax withholding obligations related to the vesting of RSUs.
- Following these transactions, Singh directly owns 784,765 shares of Accolade common stock.
- Singh also indirectly owns 651,619 shares through Avanti Holdings, LLC, where he has voting and investment power.
- He also owns 9,329 Restricted Stock Units.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are standard practice for reporting transactions by company insiders, providing transparency to investors.
Stakeholder Impact
- The transactions provide transparency to shareholders regarding insider activity.
Key Dates
| Date | Description |
|---|---|
| June 16, 2021 | June 2021 Vesting Commencement Date for Restricted Stock Units |
| August 16, 2024 | Acquisition of 933 shares of common stock through RSU conversion |
| August 19, 2024 | Sale of 373 shares of common stock at $4.145 per share to cover tax obligations |
| August 20, 2024 | Date of signature by Attorney-in-Fact |
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