Form 4: Accolade CFO Stephen Barnes Reports Stock Transactions
SEC Form 4
Chief Financial Officer of Accolade, Inc., Stephen H. Barnes, reports the acquisition and disposition of company stock and restricted stock units.
Summary
- On August 12, 2024, Stephen H. Barnes, CFO of Accolade, Inc., converted 770 Restricted Stock Units (RSUs) into common stock.
- On August 13, 2024, Barnes sold 221 shares of common stock at a price of $3.897 per share to cover tax withholding obligations related to the vesting of RSUs.
- Following these transactions, Barnes directly owns 199,139 shares of Accolade, Inc. common stock and 7,701 Restricted Stock Units.
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 practice and required by the SEC to ensure transparency and prevent insider trading.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they represent routine stock sales for tax purposes.
Key Dates
| Date | Description |
|---|---|
| June 10, 2022 | June 2022 RSU Vesting Commencement Date |
| 08/12/2024 | Conversion of Restricted Stock Units to Common Stock |
| 08/13/2024 | Sale of Common Stock for tax obligations |
| 08/14/2024 | Date of Form 4 signature |
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