Form 4: Accolade CFO Stephen Barnes Reports Stock Transactions
SEC Form 4 Filing
Stephen Barnes, CFO of Accolade, Inc., reports the acquisition and disposition of common stock and restricted stock units.
Summary
- Stephen Barnes, the Chief Financial Officer of Accolade, Inc., filed a Form 4 detailing changes in beneficial ownership.
- On May 16, 2024, 415 shares of common stock were acquired through the conversion of Restricted Stock Units (RSUs).
- On May 17, 2024, 121 shares of common stock were disposed of at a price of $7.273 per share to cover tax withholding obligations related to the vesting of RSUs.
- Following these transactions, Barnes directly owns 179,366 shares of Accolade, Inc. common stock and 5,391 Restricted Stock Units.
Sentiment
Score: 5
Explanation: The document is a routine filing of stock transactions by a company executive, with no inherent 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 may have a minor impact on shareholders due to the small number of shares involved.
Key Dates
| Date | Description |
|---|---|
| June 16, 2021 | June 2021 Vesting Commencement Date for Restricted Stock Units |
| May 16, 2024 | Conversion of Restricted Stock Units into Common Stock |
| May 17, 2024 | Sale of Common Stock to cover tax withholding obligations |
| May 20, 2024 | Date of Form 4 filing |
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