Form 4: Accolade CEO Rajeev Singh Reports Stock Transactions

Accolade's CEO, Rajeev Singh, reports the conversion of Restricted Stock Units (RSUs) and subsequent sale of shares to cover tax obligations.

Summary

• On May 16, 2024, Rajeev Singh, CEO of Accolade, Inc., converted 933 Restricted Stock Units (RSUs) into common stock.
• Following the conversion, Mr. Singh sold 376 shares of common stock on May 17, 2024, at a price of $7.273 per share.
• The sale was to cover tax withholding obligations related to the vesting and settlement of the RSUs and was not a discretionary transaction.
• After these transactions, Mr. Singh directly owns 748,876 shares of Accolade common stock and indirectly owns 651,619 shares through Avanti Holdings, LLC.
• The RSUs vest over four years from June 16, 2021, with 25% vesting on the first anniversary and the remainder vesting monthly thereafter.

Sentiment

Score: 5

Explanation: The document reports routine stock transactions related to executive compensation. It doesn't contain information that would significantly sway investor sentiment positively or negatively.

Industry Context

Form 4 filings are standard practice for reporting insider transactions and provide transparency to investors regarding the buying and selling activities of company executives and directors.

Stakeholder Impact

• The transactions have a minimal impact on stakeholders as they are related to executive compensation and tax obligations.

Key Dates