Form 4: Accolade Inc. Director Jeffrey Brodsky Reports Stock Transactions
SEC Form 4 Filing
Director Jeffrey Brodsky reports the conversion of Restricted Stock Units (RSUs) into common stock of Accolade, Inc.
Summary
- On May 31, 2024, Jeffrey Brodsky, a director of Accolade, Inc., converted 2,179 Restricted Stock Units (RSUs) into common stock.
- Following the transaction, Brodsky directly owns 31,078 shares of Accolade's common stock.
- The RSUs vest at a rate of 25% per quarter, starting from March 1, 2024, with full vesting occurring one year from that date.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by a company director, with no inherent positive or negative sentiment.
Industry Context
Form 4 filings are standard practice for reporting insider transactions, providing transparency to investors regarding the buying and selling activities 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 |
| May 31, 2024 | Date of transaction: conversion of RSUs to common stock |
| June 3, 2024 | Date of signature for the report |
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