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 (RSUs) into common stock 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 July 16, 2024, 932 Restricted Stock Units (RSUs) were converted into 932 shares of common stock.
- On July 17, 2024, Singh sold 383 shares of common stock at a price of $3.857 per share to cover tax withholding obligations related to the vesting of RSUs.
- Following these transactions, Singh directly owns 781,021 shares of common stock.
- Singh also indirectly owns 651,619 shares through Avanti Holdings, LLC.
- He also directly owns 10,262 Restricted Stock Units.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock transactions by an insider. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are standard practice for company insiders to report transactions in their company's stock, ensuring transparency and compliance with securities regulations.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the sale of shares, but it is primarily related to tax obligations.
Key Dates
| Date | Description |
|---|---|
| June 16, 2021 | June 2021 Vesting Commencement Date for Restricted Stock Units |
| 07/16/2024 | Conversion of Restricted Stock Units to Common Stock |
| 07/17/2024 | Sale of Common Stock to cover tax obligations |
| 07/18/2024 | Date of signature for the Form 4 filing |
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