Form 4: Accolade CFO Stephen Barnes Reports Stock Transactions

Accolade's Chief Financial Officer, Stephen H. Barnes, reported the acquisition and disposition of company stock, including the conversion of restricted stock units and a sale to cover tax obligations.

Summary

• Stephen H. Barnes, CFO of Accolade, Inc., filed a Form 4 detailing changes in beneficial ownership of the company's stock.
• On July 16, 2024, 414 shares of common stock were acquired through the conversion of Restricted Stock Units (RSUs).
• On July 17, 2024, 122 shares of common stock were sold at a price of $3.857 per share.
• Following these transactions, Barnes directly owns 197,492 shares of Accolade common stock.
• The sale of shares was to cover tax withholding obligations related to the vesting and settlement of RSUs and was not a discretionary transaction.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing stock transactions by a company executive, indicating a neutral sentiment.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders and their holdings in the company.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the small volume of shares involved.

Key Dates