Form 4: Accolade CEO Rajeev Singh Reports Stock Transactions
SEC Form 4
Rajeev Singh, CEO of Accolade, Inc., reports the conversion of Restricted Stock Units (RSUs) and a sale of shares to cover tax obligations.
Summary
- Rajeev Singh, the CEO of Accolade, Inc., filed a Form 4 detailing changes in his beneficial ownership of the company's stock.
- On October 16, 2024, 933 Restricted Stock Units (RSUs) converted into shares of common stock.
- On October 17, 2024, Mr. Singh sold 385 shares of common stock at a price of $3.669 per share to cover tax withholding obligations related to the vesting of RSUs.
- Following these transactions, Mr. Singh directly owns 792,333 shares of 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: This is a routine filing related to stock transactions by the CEO. It doesn't contain information that would significantly shift investor sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. The sale of shares to cover tax obligations is a common practice.
Key Dates
| Date | Description |
|---|---|
| June 16, 2021 | June 2021 Vesting Commencement Date for RSUs |
| October 16, 2024 | Conversion of 933 Restricted Stock Units into Common Stock |
| October 17, 2024 | Sale of 385 shares of Common Stock at $3.669 per share |
| October 18, 2024 | Date of Form 4 filing |
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