Form 4: Accolade CEO Rajeev Singh Reports Stock Transactions

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

Summary

• On June 10, 2024, Rajeev Singh, CEO of Accolade, Inc., had 1,650 Restricted Stock Units (RSUs) convert into shares of common stock.
• Following this conversion, Mr. Singh directly owned 750,526 shares of Accolade.
• On June 11, 2024, Mr. Singh sold 690 shares at a price of $6.449 per share to cover tax withholding obligations related to the vesting of the RSUs.
• After the sale, Mr. Singh directly owned 749,836 shares.
• Mr. Singh also 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 routine regulatory filing detailing stock transactions by a company insider, with no inherent positive or negative sentiment.

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 may have a minor impact on shareholders due to the change in the CEO's holdings, but the sale was primarily for tax obligations.

Key Dates