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) into common stock and a subsequent sale of shares to cover tax obligations.
Summary
- On June 10, 2024, Stephen Barnes, CFO of Accolade, Inc., converted 770 Restricted Stock Units (RSUs) into 770 shares of Accolade's common stock.
- On June 11, 2024, Barnes sold 231 shares of common stock at a price of $6.449 per share to cover tax withholding obligations related to the vesting of RSUs.
- Following these transactions, Barnes directly owns 181,884 shares of Accolade common stock and 9,241 Restricted Stock Units.
Sentiment
Score: 5
Explanation: The document is a routine SEC filing related to stock transactions by a company executive. 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 have a minor impact on shareholders as they involve a small number of shares being sold by a company executive.
Key Dates
| Date | Description |
|---|---|
| June 10, 2022 | June 2022 RSU Vesting Commencement Date |
| June 10, 2024 | Conversion of 770 Restricted Stock Units into common stock |
| June 11, 2024 | Sale of 231 shares at $6.449 per share |
| June 12, 2024 | Date of Form 4 signature |
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