Form 4: Accolade Inc. Director Jeffrey Brodsky Reports Stock Transactions
SEC Form 4 Filing
Director Jeffrey Brodsky reported the conversion of Restricted Stock Units (RSUs) into common stock of Accolade, Inc.
Summary
- On September 3, 2024, Jeffrey Brodsky, a director of Accolade, Inc., converted 2,179 Restricted Stock Units (RSUs) into common stock.
- Following the transaction, Brodsky directly owns 42,453 shares of Accolade, Inc. common stock.
- The RSUs vest at a rate of 25% per quarter, starting from March 1, 2024, with full vesting occurring on the one-year anniversary of this date.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by a company director, indicating a neutral sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding insider activity.
Key Dates
| Date | Description |
|---|---|
| March 1, 2024 | Vesting Commencement Date for the Restricted Stock Units |
| September 3, 2024 | Date of RSU conversion to common stock |
| September 5, 2024 | Date of signature for the Form 4 filing |
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