Form 4: Accolade CFO Stephen Barnes Reports Stock Transactions

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

Summary

• On December 16, 2024, Stephen Barnes, the CFO of Accolade, Inc., converted 415 Restricted Stock Units (RSUs) into common stock.
• On December 17, 2024, Barnes sold 123 shares of common stock at a price of $3.432 per share.
• The sale was to cover tax withholding obligations related to the vesting and settlement of RSUs and was not a discretionary transaction.
• Following these transactions, Barnes directly owns 220,463 shares of Accolade, Inc. common stock and 2,489 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, but rather provides factual information.

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track ownership changes and potential sentiment.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in ownership, but the sale is primarily for tax obligations and not indicative of a change in the executive's confidence in the company.

Key Dates