Form 4: Accolade CFO Stephen Barnes Reports Stock Transactions
SEC Form 4 Filing
Accolade's CFO, Stephen Barnes, reports the conversion of Restricted Stock Units (RSUs) and subsequent sale of shares to cover tax obligations.
Summary
- On May 10, 2024, Stephen Barnes, CFO of Accolade, Inc., converted 770 Restricted Stock Units (RSUs) into common stock.
- Following the conversion, Mr. Barnes sold 214 shares of common stock on May 13, 2024, at a price of $7.444 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.
- After these transactions, Mr. Barnes beneficially owns 179,072 shares of Accolade common stock and 10,011 Restricted Stock Units.
Sentiment
Score: 5
Explanation: The document is a routine disclosure of stock transactions by a company executive, with no inherent positive or negative sentiment.
Industry Context
Form 4 filings are standard practice for reporting transactions by company insiders, providing transparency to investors.
Stakeholder Impact
- The transactions have a minimal impact on stakeholders as they are routine and related to executive compensation.
Key Dates
| Date | Description |
|---|---|
| June 10, 2022 | June 2022 RSU Vesting Commencement Date |
| May 10, 2024 | Conversion of Restricted Stock Units to Common Stock |
| May 13, 2024 | Sale of Common Stock to cover tax obligations |
| May 14, 2024 | Date of Form 4 signature |
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