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 April 17, 2024, Stephen Barnes, CFO of Accolade, Inc., converted 414 Restricted Stock Units (RSUs) into 414 shares of common stock.
- On April 18, 2024, Barnes sold 109 shares of common stock at a price of $8.823 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.
- Following these transactions, Barnes directly owns 178,516 shares of Accolade common stock and 5,806 Restricted Stock Units.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, with no inherent positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they are related to executive compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| June 16, 2021 | June 2021 Vesting Commencement Date for RSUs |
| 04/17/2024 | Conversion of Restricted Stock Units to Common Stock |
| 04/18/2024 | Sale of Common Stock |
| 04/19/2024 | Date of Richard Eskew's signature as Attorney-in-Fact |
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