Form 4: Accolade CFO Stephen Barnes Reports Stock Transactions

Stephen Barnes, CFO of Accolade, Inc., reports the vesting of restricted stock units and subsequent sale of shares to cover tax obligations.

Summary

• On January 2, 2025, Stephen Barnes, CFO of Accolade, Inc., had 1,569 Restricted Stock Units (RSUs) convert into common stock.
• Following this conversion, Mr. Barnes sold 535 shares of common stock on January 3, 2025, at a price of $3.407 per share.
• This sale was to cover tax withholding obligations related to the vesting of the RSUs and was not a discretionary transaction.
• After these transactions, Mr. Barnes beneficially owns 221,497 shares of Accolade, Inc. common stock and 26,664 Restricted Stock Units.

Sentiment

Score: 5

Explanation: This is a routine transaction disclosure, and the sentiment is neutral. It reflects standard executive compensation practices.

Future Outlook

The remaining RSUs will continue to vest monthly after the first anniversary of the Vesting Commencement Date, subject to continuous service.

Industry Context

Form 4 filings are routine disclosures required by the SEC when company insiders, like the CFO, trade their company's stock. These filings provide transparency to the market regarding insider transactions.

Stakeholder Impact

• The transactions have a minimal impact on shareholders as they are related to executive compensation and tax obligations.

Key Dates