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 October 16, 2024, Stephen Barnes, CFO of Accolade, Inc., converted 415 Restricted Stock Units (RSUs) into 415 shares of common stock.
• On October 17, 2024, Barnes sold 122 shares of common stock at a price of $3.669 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 203,341 shares of Accolade common stock and 3,318 Restricted Stock Units.

Sentiment

Score: 5

Explanation: The document is a routine SEC filing detailing stock transactions by a company executive. It doesn't inherently indicate 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

• Shareholders may be interested in the insider transactions as an indicator of management's view of the company's prospects.

Key Dates