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 and subsequent sale of shares to cover tax obligations.
Summary
- On July 1, 2024, Stephen Barnes, CFO of Accolade, Inc., converted 1,568 restricted stock units (RSUs) into common stock.
- On July 2, 2024, Barnes sold 436 shares of common stock at a price of $3.541 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.
- Following these transactions, Barnes directly owns 196,649 shares of Accolade common stock and 36,075 restricted stock units.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock transactions by a company executive. It doesn't inherently convey positive or negative sentiment, as it's simply a report of facts.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to monitor potential alignment of interests between management and shareholders.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the sale of shares, but the overall impact is likely minimal as it's related to tax obligations.
Key Dates
| Date | Description |
|---|---|
| June 1, 2023 | Vesting commencement date for restricted stock units. |
| June 27, 2023 | Date restricted stock units were granted. |
| July 1, 2024 | Conversion of 1,568 restricted stock units into common stock. |
| July 2, 2024 | Sale of 436 shares of common stock at $3.541 per share. |
| July 3, 2024 | Date of signature for the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.