Form 4: Accolade CEO Rajeev Singh Reports Stock Transactions
SEC Form 4 Filing
Accolade's CEO, Rajeev Singh, reports the conversion of Restricted Stock Units (RSUs) into common stock and a sale of shares to cover tax obligations.
Summary
- On October 10, 2024, Rajeev Singh, CEO of Accolade, Inc., converted 1,650 Restricted Stock Units (RSUs) into 1,650 shares of common stock.
- On October 11, 2024, Singh sold 680 shares of common stock at a price of $3.771 per share to cover tax withholding obligations related to the vesting of RSUs.
- Following these transactions, Singh directly owns 791,785 shares of Accolade common stock and 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 executive; it doesn't inherently convey 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 small number of shares sold.
Key Dates
| Date | Description |
|---|---|
| June 10, 2022 | June 2022 RSU Vesting Commencement Date |
| October 10, 2024 | Conversion of Restricted Stock Units to Common Stock |
| October 11, 2024 | Sale of Common Stock to cover tax obligations |
| October 15, 2024 | Date of Form 4 filing |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.