Form 4: Accolade CEO Rajeev Singh Reports Stock Transactions
SEC Form 4 Filing
Rajeev Singh, CEO of Accolade, Inc., reports the conversion and sale of common stock to cover tax obligations related to vested restricted stock units.
Summary
- Rajeev Singh, the CEO of Accolade, Inc., filed a Form 4 detailing changes in his beneficial ownership of the company's stock.
- On November 1, 2024, 3,786 restricted stock units (RSUs) converted into common stock.
- On November 4, 2024, Mr. Singh sold 1,545 shares of common stock at a price of $3.149 per share.
- The sale was to cover tax withholding obligations associated with the vesting and settlement of the RSUs.
- Following these transactions, Mr. Singh directly owns 794,574 shares of common stock and indirectly owns 651,619 shares through Avanti Holdings, LLC.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates activity related to equity compensation and tax obligations, which is common among publicly traded companies.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the sale of shares, but the impact is likely minimal as it is related to tax obligations.
Key Dates
| Date | Description |
|---|---|
| June 1, 2023 | Vesting commencement date for restricted stock units. |
| June 27, 2023 | Date restricted stock units were granted. |
| June 1, 2024 | First anniversary of vesting commencement date; one-third of RSUs vest. |
| November 1, 2024 | Conversion of 3,786 restricted stock units into common stock. |
| November 4, 2024 | Sale of 1,545 shares of common stock at $3.149 per share. |
| November 5, 2024 | Date of Form 4 filing. |
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