Form 4: Accolade Inc. CFO Stephen H. Barnes Reports Stock Transactions

Accolade's Chief Financial Officer, Stephen H. Barnes, executed transactions involving the company's stock, including the vesting of restricted stock units and a sale to cover tax obligations.

Summary

• Stephen H. Barnes, the Chief Financial Officer of Accolade, Inc., reported transactions involving the company's common stock.
• On January 10, 2025, 770 restricted stock units (RSUs) vested and converted into 770 shares of common stock.
• On January 13, 2025, 284 shares were sold at a price of $6.879 per share to cover tax withholding obligations related to the RSU vesting.
• Following these transactions, Mr. Barnes beneficially owns 221,983 shares of Accolade common stock.

Sentiment

Score: 5

Explanation: The document is a routine SEC filing detailing stock transactions by an executive, which is neither positive nor negative in itself.

Industry Context

This is a routine filing related to stock transactions by a company executive, which is common practice and required by the SEC.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies, and the transactions reported are typical for executive compensation plans involving stock options and restricted stock units.
• The sale of shares to cover tax obligations is a common occurrence when RSUs vest.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they involve a small number of shares compared to the total outstanding shares.
• The sale of shares by the CFO is a normal part of executive compensation and does not indicate any change in the company's outlook.

Key Dates

Keywords

Accolade, stock transactions, restricted stock units, Form 4, insider trading, Stephen H. Barnes, ACCD, CFO