Form 4: Accolade Inc. Chief Accounting Officer Colin McHugh Reports Stock Transactions

Colin McHugh, Chief Accounting Officer of Accolade, Inc., reports the acquisition and disposal of common stock and restricted stock units.

Summary

• On May 1, 2024, Colin McHugh, Chief Accounting Officer of Accolade, Inc., converted 145 and 1,087 restricted stock units (RSUs) into common stock.
• Also on May 1, 2024, McHugh acquired 145 and 1,087 shares of common stock through the conversion of RSUs.
• On May 2, 2024, McHugh disposed of 424 shares of common stock at a price of $7.281 per share to cover tax withholding obligations related to the vesting of RSUs.
• Following these transactions, McHugh directly owns 37,822 shares of Accolade, Inc. common stock and 1,087 restricted stock units.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing reporting stock transactions by a company insider, indicating neutral sentiment.

Industry Context

This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities in the company's stock.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in ownership by a company officer.
• The sale of shares to cover tax obligations is a standard practice and should not significantly affect stakeholders.

Key Dates