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) and subsequent sale of shares to cover tax obligations.
Summary
- On March 11, 2024, Stephen Barnes, CFO of Accolade, Inc., converted 770 Restricted Stock Units (RSUs) into 770 shares of common stock.
- Following this conversion, on March 12, 2024, Barnes sold 222 shares of common stock at a price of $9.524 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, Barnes directly owns 177,410 shares of Accolade, Inc. common stock and 11,551 Restricted Stock Units.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing 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 provide transparency to shareholders regarding insider trading activity.
Key Dates
| Date | Description |
|---|---|
| June 10, 2022 | June 2022 RSU Vesting Commencement Date |
| 03/11/2024 | Conversion of Restricted Stock Units to Common Stock |
| 03/12/2024 | Sale of Common Stock to cover tax obligations |
| 03/13/2024 | Date of signature by Attorney-in-Fact |
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