Form 4: Accolade CFO Stephen Barnes Reports Stock Transactions

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

Summary

• On April 1, 2025, Stephen Barnes, CFO of Accolade, Inc., converted 1,568 Restricted Stock Units (RSUs) into common stock.
• Following the conversion, Mr. Barnes sold 431 shares of common stock on April 2, 2025, at a price of $6.992 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 306,874 shares of Accolade, Inc. common stock.

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.

Comparison to Industry Standards

• Form 4 filings are a standard regulatory requirement for publicly traded companies in the US.
• Similar filings are made by executives at companies like Teladoc Health and Livongo, which operate in related healthcare technology sectors.
• The sale of shares to cover tax obligations upon RSU vesting is a common practice among executives in publicly traded companies.

Stakeholder Impact

• The transactions reported may have a minor impact on shareholders due to the sale of shares by a company insider.
• The sale of shares to cover tax obligations is a standard practice and is unlikely to significantly impact employee morale.

Key Dates

Keywords

Accolade, Inc., Stephen Barnes, CFO, Form 4, Stock Sale, Restricted Stock Units, RSU, Tax Withholding, Beneficial Ownership