Form 4: Accolade CEO Rajeev Singh Reports Stock Transactions
SEC Filing
Accolade's CEO, Rajeev Singh, reports the conversion of Restricted Stock Units (RSUs) and a sale of shares to cover tax obligations.
Summary
- Rajeev Singh, CEO of Accolade, Inc., filed a Form 4 detailing changes in beneficial ownership.
- On August 12, 2024, 1,650 Restricted Stock Units (RSUs) were converted into common stock.
- On August 13, 2024, 662 shares of common stock were sold at a price of $3.897 per share to cover tax withholding obligations related to the vesting of RSUs.
- Following these transactions, Singh directly owns 784,205 shares of common stock and indirectly owns 651,619 shares through Avanti Holdings, LLC.
Sentiment
Score: 5
Explanation: The document reflects routine transactions related to executive compensation and tax obligations, indicating a neutral 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 transactions related to vested stock awards and tax obligations.
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 10, 2022 | June 2022 RSU Vesting Commencement Date |
| 08/12/2024 | Conversion of Restricted Stock Units to Common Stock |
| 08/13/2024 | Sale of Common Stock to cover tax obligations |
| 08/14/2024 | Date of Form 4 filing |
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