Form 4: Accolade CFO Stephen Barnes Reports Stock Transactions
SEC Form 4 Filing
Accolade's CFO, Stephen Barnes, reports the conversion of restricted stock units and a sale of shares to cover tax obligations.
Summary
- On October 1, 2024, Stephen Barnes, CFO of Accolade, Inc., converted 1,568 Restricted Stock Units (RSUs) into common stock.
- On October 2, 2024, Barnes sold 456 shares of common stock at a price of $3.704 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.
- Following these transactions, Barnes directly owns 202,506 shares of Accolade common stock and 31,370 Restricted Stock Units.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing simply reports required transactions related to stock options and tax obligations, without indicating any strategic shift or concern.
Industry Context
Form 4 filings are standard practice and provide transparency into the trading activities of company insiders, allowing investors to track management's sentiment and actions regarding their company's stock.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the small number of shares sold.
Key Dates
| Date | Description |
|---|---|
| June 1, 2023 | Vesting Commencement Date for RSUs |
| June 27, 2023 | Date RSUs were granted |
| October 1, 2024 | Conversion of RSUs to Common Stock |
| October 2, 2024 | Sale of Common Stock |
| October 3, 2024 | Date of Form 4 filing |
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