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 July 1, 2024, Colin McHugh, Chief Accounting Officer of Accolade, Inc., acquired 145 shares of common stock through the conversion of restricted stock units (RSUs).
- On the same day, McHugh acquired an additional 1,388 shares of common stock through RSU conversion.
- On July 2, 2024, McHugh disposed of 523 shares of common stock at a price of $3.541 per share to cover tax withholding obligations related to the vesting of RSUs.
- Following these transactions, McHugh directly owns 51,187 shares of common stock.
- McHugh also holds 1,597 restricted stock units from a grant on June 1, 2021, and 31,946 restricted stock units from a grant on June 26, 2023.
Sentiment
Score: 5
Explanation: This is a neutral report of stock transactions, with no inherent positive or negative implications for the company's performance.
Industry Context
This Form 4 filing is a routine disclosure of stock transactions by a company insider, as required by the SEC. It provides transparency to the market regarding the trading activities of company executives.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership, but the impact is likely insignificant given the relatively small number of shares involved.
Key Dates
| Date | Description |
|---|---|
| June 1, 2021 | June 2021 Vesting Commencement Date for RSUs |
| June 26, 2023 | Date of RSU grant with a vesting commencement date of June 1, 2023 |
| July 1, 2024 | Date of common stock acquisition via RSU conversion |
| July 2, 2024 | Date of common stock disposal to cover tax obligations |
| July 3, 2024 | Date of signature for the Form 4 filing |
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