Form 4: Accolade CFO Stephen Barnes Reports Stock Transactions
SEC Form 4 Filing
Accolade's CFO, Stephen Barnes, reports the acquisition and disposal of company stock, including transactions related to restricted stock units.
Summary
- Stephen Barnes, CFO of Accolade, Inc., reported transactions involving Accolade's common stock.
- On June 17, 2024, 415 shares were acquired through the conversion of Restricted Stock Units (RSUs).
- On June 18, 2024, 121 shares were sold at a price of $6.129 per share to cover tax withholding obligations related to the vesting of RSUs.
- Following these transactions, Barnes directly owns 195,517 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 routine regulatory filing detailing stock transactions by a company insider. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are standard practice for company insiders to report transactions in their company's stock, providing transparency to investors.
Stakeholder Impact
- The transactions provide transparency to shareholders regarding insider activity.
Key Dates
| Date | Description |
|---|---|
| 06/16/2021 | June 2021 Vesting Commencement Date for RSUs |
| 06/17/2024 | Acquisition of 415 shares through RSU conversion |
| 06/18/2024 | Sale of 121 shares at $6.129 per share for tax obligations |
| 06/20/2024 | Date of signature by Attorney-in-Fact |
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