Form 4: Accolade CFO Stephen Barnes Reports Stock Transactions

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

Summary

• On February 10, 2025, Stephen Barnes, CFO of Accolade, Inc., converted 770 Restricted Stock Units (RSUs) into common stock at a price of $0 per share.
• Following this conversion, Mr. Barnes sold 221 shares of common stock on February 11, 2025, at a price of $6.885 per share.
• The sale was to cover tax withholding obligations related to the vesting and settlement of the RSUs and was not a discretionary transaction.
• After these transactions, Mr. Barnes beneficially owns 301,913 shares of Accolade common stock.
• 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 standard SEC filing related to stock transactions by a company executive. 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 the CFO's transactions related to vested equity compensation.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the sale of shares in the open market, but the overall impact is likely minimal.

Key Dates

Keywords

Accolade, Stephen Barnes, CFO, Form 4, Stock, RSU, Restricted Stock Units, Beneficial Ownership, Tax Withholding, ACCD