Form 4: Accolade Inc. Director Jeffrey S. Brodsky Reports Stock Transactions
SEC Form 4 Filing
Director Jeffrey S. Brodsky of Accolade, Inc. reports the vesting and conversion of restricted stock units into common stock.
Summary
- On February 28, 2025, Jeffrey S. Brodsky, a director of Accolade, Inc., reported the vesting of 2,178 Restricted Stock Units (RSUs) which converted into 2,178 shares of Accolade's common stock.
- Following the transaction, Brodsky beneficially owns 46,810 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 the Vesting Commencement Date.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to stock transactions, indicating a neutral sentiment.
Positives
- The vesting of RSUs indicates a continued alignment of the director's interests with those of the shareholders.
Industry Context
Form 4 filings are standard practice for reporting insider transactions and are common across all publicly traded companies.
Key Dates
| Date | Description |
|---|---|
| 03/01/2024 | Vesting Commencement Date for the Restricted Stock Units |
| 02/28/2025 | Date of transaction: vesting and conversion of Restricted Stock Units |
| 03/04/2025 | Date of signature on the Form 4 filing |
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