Form 4: Accolade CFO Stephen Barnes Reports Stock Transactions

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

Summary

• On August 16, 2024, Stephen Barnes, CFO of Accolade, Inc., converted 415 Restricted Stock Units (RSUs) into common stock.
• Following this transaction, Barnes directly owns 199,554 shares of Accolade common stock.
• On August 19, 2024, Barnes sold 119 shares at a price of $4.145 per share.
• This sale was to cover tax withholding obligations related to the vesting and settlement of RSUs and was not a discretionary transaction.
• After the sale, Barnes directly owns 199,435 shares of Accolade common stock.
• The RSUs vest over four years from June 16, 2021, with 25% vesting on the first anniversary and the remainder vesting monthly thereafter.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing stock transactions, which carries a neutral sentiment.

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.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders, as they are related to executive compensation and tax obligations.

Key Dates