Form 4: Accolade CFO Stephen Barnes Reports Stock Transactions

Accolade's CFO, Stephen Barnes, reported the conversion of Restricted Stock Units (RSUs) and a sale of shares to cover tax obligations.

Summary

• On October 10, 2024, Stephen Barnes, CFO of Accolade, Inc., converted 770 Restricted Stock Units (RSUs) into common stock.
• On October 11, 2024, Barnes sold 228 shares of common stock at a price of $3.771 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 beneficially owns 203,048 shares of Accolade common stock.
• The RSUs vest over three years from June 10, 2022, with one-third vesting on the first anniversary and the remainder vesting monthly thereafter.

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 and provide transparency into the transactions of company insiders, allowing investors to track management's sentiment and actions regarding their company's stock.

Stakeholder Impact

• Shareholders may be interested in the transactions of company insiders as an indicator of management's confidence in the company.

Key Dates