Form 4: Accolade Inc. Director Michael W. Hilton Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Director Michael W. Hilton reports a transaction involving Accolade, Inc. common stock and Restricted Stock Units (RSUs) on August 12, 2024.
Summary
- On August 12, 2024, Michael W. Hilton, a director of Accolade, Inc., reported a transaction involving common stock.
- 183 shares of common stock were acquired through the conversion of Restricted Stock Units (RSUs).
- Following the reported transaction, Hilton directly owns 148,553 shares of common stock.
- Hilton also indirectly owns 195,042 shares through the Hilton Family Trust.
- The RSUs vest over three years from June 10, 2022, with one-third vesting on the first anniversary and the remainder vesting monthly thereafter.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting a transaction, indicating a neutral sentiment.
Industry Context
This filing is a routine disclosure related to insider transactions and is required by the SEC to ensure transparency in the market.
Stakeholder Impact
- The transaction may provide stakeholders with insight into management's perspective on the company's value.
Key Dates
| Date | Description |
|---|---|
| June 10, 2022 | June 2022 RSU Vesting Commencement Date |
| 08/12/2024 | Date of transaction: acquisition of common stock through RSU conversion |
| 08/14/2024 | Date of signature for the Form 4 filing |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.