Form 4: Accolade CFO Stephen Barnes Reports Stock Transactions

Accolade's CFO, Stephen Barnes, reports the conversion of Restricted Stock Units (RSUs) into common stock and subsequent sale of shares to cover tax obligations.

Summary

• On February 3, 2025, Stephen Barnes, CFO of Accolade, Inc., converted 1,568 Restricted Stock Units (RSUs) into 1,568 shares of common stock.
• On February 4, 2025, Barnes sold 448 shares of common stock at a price of $6.926 per share.
• These transactions resulted in Barnes holding 301,364 shares of Accolade common stock following the reported transactions.
• The sale of shares was to cover tax withholding obligations related to the vesting and settlement of the RSUs and was not a discretionary transaction.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment about the company's performance or future prospects.

Industry Context

This filing is a routine disclosure of stock transactions by a company executive, which is common in publicly traded companies. It provides transparency into the executive's holdings and transactions in the company's stock.

Comparison to Industry Standards

• Form 4 filings are standard practice for corporate insiders in publicly traded companies like Accolade, similar to filings made by executives at companies like Teladoc Health or Livongo (prior to its acquisition by Teladoc).
• The vesting schedule of the RSUs (one-third after one year, then monthly) is a common vesting structure seen in many tech and healthcare companies to incentivize long-term employment, similar to equity grants at companies like Cerner or Epic Systems.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the small number of shares involved.

Key Dates

Keywords

Accolade, Stephen Barnes, CFO, stock, RSU, Form 4, securities, transaction, ownership