Form 4: Accolade CFO Stephen Barnes Reports Stock Transactions

Accolade's CFO, Stephen Barnes, reports the conversion of Restricted Stock Units (RSUs) and subsequent sale of shares to cover tax obligations.

Summary

• On March 10, 2025, Stephen Barnes, CFO of Accolade, Inc., converted 770 Restricted Stock Units (RSUs) into common stock.
• Following the conversion, Mr. Barnes sold 254 shares of common stock on March 11, 2025, at a price of $6.965 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 303,761 shares of Accolade common stock and 2,311 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 implications for the company's overall performance.

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 minimal impact on shareholders as they represent a small percentage of the total outstanding shares.

Key Dates