Form 4: Accolade Inc. Executive Colin McHugh Reports Stock Transactions
SEC Form 4 Filing
Colin McHugh, Chief Accounting Officer of Accolade, Inc., reports the acquisition and disposal of common stock and restricted stock units.
Summary
- On October 1, 2024, Colin McHugh, Chief Accounting Officer of Accolade, Inc., converted 145 and 1,389 restricted stock units (RSUs) into common stock.
- Following these transactions, McHugh directly owns 54,889 shares of Accolade's common stock.
- On October 2, 2024, McHugh disposed of 448 shares of common stock at a price of $3.704 per share to cover tax withholding obligations related to the vesting of RSUs, resulting in a holding of 54,441 shares.
- McHugh also holds 1,162 and 27,779 restricted stock units.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions by an officer. It doesn't inherently convey positive or negative sentiment, but rather provides factual information about insider trading activity.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities. It allows investors to monitor the actions of key personnel and their sentiment towards the company's stock.
Stakeholder Impact
- Shareholders can use this information to understand insider sentiment and potential motivations behind stock transactions.
Key Dates
| Date | Description |
|---|---|
| June 1, 2021 | June 2021 Vesting Commencement Date for some of the restricted stock units. |
| June 1, 2023 | Vesting commencement date for restricted stock units granted on June 26, 2023. |
| June 26, 2023 | Date restricted stock units were granted. |
| October 1, 2024 | Date of RSU conversion to common stock. |
| October 2, 2024 | Date of common stock sale for tax obligations. |
| October 3, 2024 | Date of signature on the Form 4 filing. |
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