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 and a sale of shares to cover tax obligations.
Summary
- On March 17, 2025, Stephen Barnes, CFO of Accolade, Inc., converted 415 Restricted Stock Units (RSUs) into 415 shares of common stock.
- Following this transaction, Barnes directly owns 304,176 shares of Accolade common stock.
- On March 18, 2025, Barnes sold 142 shares at a price of $6.985 per share to cover tax withholding obligations related to the vesting and settlement of PRSUs.
- After the sale, Barnes directly owns 304,034 shares of Accolade common stock.
- The RSUs vest over four years from June 16, 2021, with 25% vesting on the first anniversary and the remainder vesting monthly thereafter.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, which are common for executives at publicly traded companies. It provides transparency into the trading activities of company insiders.
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 Restricted Stock Units |
| 03/17/2025 | Conversion of Restricted Stock Units to Common Stock |
| 03/18/2025 | Sale of Common Stock to cover tax obligations |
| 03/19/2025 | Date of signature by Attorney-in-Fact |
Keywords
Accolade, Stephen Barnes, CFO, Stock, RSU, Form 4, ACCD, Securities
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