Form 4: Accolade CFO Stephen Barnes Reports Stock Transactions
SEC Filing
Accolade's CFO, Stephen Barnes, reports the conversion of Restricted Stock Units (RSUs) into common stock and a subsequent sale of shares to cover tax obligations.
Summary
- On September 16, 2024, Stephen Barnes, CFO of Accolade, Inc., converted 414 Restricted Stock Units (RSUs) into 414 shares of common stock.
- Following this conversion, Barnes sold 117 shares of common stock on September 17, 2024, at a price of $4.318 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, Barnes beneficially owns 201,394 shares of Accolade common stock.
Sentiment
Score: 5
Explanation: The document reports routine stock transactions related to executive compensation. It doesn't contain information that would significantly shift investor sentiment.
Industry Context
Form 4 filings are standard practice for reporting insider transactions and are publicly available to ensure transparency in the market.
Stakeholder Impact
- The transactions have a minimal impact on stakeholders as they are related to executive compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| June 16, 2021 | June 2021 Vesting Commencement Date for RSUs |
| September 16, 2024 | Conversion of 414 RSUs into common stock |
| September 17, 2024 | Sale of 117 shares of common stock at $4.318 per share |
| September 18, 2024 | Date of signature on the Form 4 filing |
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