Form 4: Accolade CFO Stephen Barnes Acquires Shares Through Employee Stock Purchase Plan
SEC Form 4 Filing
Accolade's CFO, Stephen Barnes, acquired 1,979 shares of common stock through the company's Employee Stock Purchase Plan at a price of $6.53 per share.
Summary
- On May 22, 2024, Stephen H. Barnes, the Chief Financial Officer of Accolade, Inc., acquired 1,979 shares of Accolade's common stock.
- The acquisition was made through Accolade's 2020 Employee Stock Purchase Plan (ESPP).
- The purchase price was $6.53 per share, which represents 85% of the closing price of Accolade's common stock on May 20, 2024.
- Following the transaction, Barnes directly owns 181,345 shares of Accolade's common stock.
Sentiment
Score: 6
Explanation: The sentiment is neutral. It's a routine transaction related to an employee stock purchase plan. The CFO's participation is a slightly positive signal, but not significantly impactful.
Positives
- The CFO's participation in the ESPP demonstrates confidence in the company's future.
Industry Context
This filing is a routine disclosure related to insider transactions and is common for publicly traded companies. It provides transparency into the trading activities of company executives.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a routine purchase under the ESPP.
Key Dates
| Date | Description |
|---|---|
| 05/20/2024 | ESPP purchase period ending date; used to calculate purchase price. |
| 05/22/2024 | Date of transaction: CFO Stephen Barnes acquired shares through ESPP. |
| 05/24/2024 | Date of filing of the Form 4. |
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