Form 4: Accolade CFO Stephen Barnes Reports Stock Transactions

Stephen H. Barnes, CFO of Accolade, Inc., reports the acquisition and disposal of common stock and restricted stock units to cover tax obligations.

Summary

• On September 3, 2024, Stephen H. Barnes, the Chief Financial Officer of Accolade, Inc., reported the conversion of 1,569 Restricted Stock Units (RSUs) into common stock.
• Following this transaction, Barnes directly owns 201,004 shares of Accolade's common stock.
• On September 4, 2024, Barnes disposed of 452 shares of common stock at a price of $4.224 per share to cover tax withholding obligations related to the vesting of RSUs, resulting in direct ownership of 200,552 shares.
• These sales were part of a 'mandatory sell to cover' transaction to satisfy tax obligations and do not represent discretionary transactions by Barnes.
• Barnes also holds 32,938 Restricted Stock Units (RSUs), which represent a contingent right to receive one share of Accolade's Common Stock per RSU.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the filing simply reports routine stock transactions related to RSU vesting and tax obligations.

Industry Context

Form 4 filings are standard disclosures required by the SEC when company insiders, like the CFO, trade their company's stock. These filings provide transparency into insider transactions and are closely watched by investors.

Stakeholder Impact

• The transactions have a minimal impact on stakeholders as they are routine and related to executive compensation.

Key Dates