Form 4: Accolade CEO Rajeev Singh Reports Stock Transactions
SEC Form 4 Filing
Rajeev Singh, CEO of Accolade, Inc., reports the vesting and sale of common stock to cover tax obligations.
Summary
- Rajeev Singh, the CEO of Accolade, Inc., filed a Form 4 detailing changes in beneficial ownership.
- On March 3, 2025, 3,786 Restricted Stock Units (RSUs) converted into common stock.
- Also on March 3, 2025, shares were sold to cover tax withholding obligations related to the vesting of these RSUs.
- On March 4, 2025, 1,121 shares were sold at $6.96 per share.
- Following these transactions, Singh directly owns 827,287 shares of common stock.
- Singh also indirectly owns 651,619 shares through Avanti Holdings, LLC.
- The RSUs were granted on June 27, 2023, and vest over time, with a portion vesting on June 1, 2024, and subsequent monthly vesting thereafter.
Sentiment
Score: 5
Explanation: The document reflects routine stock transactions related to executive compensation, with no indication of positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
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 1, 2023 | Vesting Commencement Date for RSUs |
| June 27, 2023 | Date RSUs were granted |
| June 1, 2024 | First anniversary of Vesting Commencement Date; one-third of RSUs vest |
| March 3, 2025 | RSUs converted into common stock; shares sold to cover tax obligations |
| March 4, 2025 | Sale of 1,121 shares at $6.96 per share |
| March 5, 2025 | Date of signature on the Form 4 filing |
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