Form 4: Accolade CFO Stephen Barnes Reports Stock Transactions

Accolade's CFO, Stephen Barnes, reports the conversion of Restricted Stock Units (RSUs) and subsequent sale of shares to cover tax obligations.

Summary

• On February 18, 2025, Stephen Barnes, CFO of Accolade, Inc., converted 414 Restricted Stock Units (RSUs) into 414 shares of common stock.
• Following the conversion, on February 19, 2025, Mr. Barnes sold 137 shares of common stock at a price of $6.901 per share.
• The sale was executed 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 directly owns 302,190 shares of Accolade's 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: This is a routine filing related to stock transactions by a company executive. It doesn't indicate any significant positive or negative sentiment.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. The sale of shares to cover tax obligations is a common practice.

Key Dates

Keywords

Accolade, Stephen Barnes, CFO, stock, RSU, Form 4, transaction, beneficial ownership, tax withholding