Form 4: Accolade Inc. Director Jeffrey S. Brodsky Reports Stock Conversion
SEC Form 4 Filing
Director Jeffrey S. Brodsky reports the conversion of Restricted Stock Units (RSUs) into common stock of Accolade, Inc.
Summary
- On February 29, 2024, Jeffrey S. Brodsky, a director of Accolade, Inc., converted 1,751 Restricted Stock Units (RSUs) into 1,751 shares of Accolade's common stock.
- Following this transaction, Brodsky directly owns 28,899 shares of Accolade's common stock.
- The RSUs vest at a rate of 25% per quarter, starting from March 1, 2023, with full vesting occurring one year from the Vesting Commencement Date.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing a routine stock transaction, indicating a neutral sentiment.
Industry Context
This filing is a routine disclosure related to insider transactions and provides transparency to investors regarding the holdings of company directors.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding insider activity.
Key Dates
| Date | Description |
|---|---|
| 02/29/2024 | Date of RSU conversion to common stock. |
| 03/01/2023 | Vesting Commencement Date for the RSUs. |
| 03/04/2024 | Date of signature for the Form 4 filing. |
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