Form 4: Accolade CFO Stephen Barnes Reports Stock Transactions
SEC Form 4 Filing
Stephen Barnes, CFO of Accolade, Inc., reports the conversion of Restricted Stock Units (RSUs) and subsequent sale of shares to cover tax obligations.
Summary
- On July 10, 2024, Stephen Barnes, CFO of Accolade, Inc., converted 770 Restricted Stock Units (RSUs) into common stock.
- Following the conversion, Mr. Barnes sold 219 shares of common stock on July 11, 2024, at a price of $3.521 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, Mr. Barnes beneficially owns 197,200 shares of Accolade, Inc. common stock and 8,471 Restricted Stock Units.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure related to executive compensation and stock ownership. It provides transparency into the transactions of company insiders.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they involve a small number of shares being sold by an executive.
Key Dates
| Date | Description |
|---|---|
| June 10, 2022 | June 2022 RSU Vesting Commencement Date |
| 07/10/2024 | Date of RSU conversion to common stock |
| 07/11/2024 | Date of stock sale to cover tax obligations |
| 07/12/2024 | Date of Form 4 filing |
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