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 March 1, 2024, Colin McHugh, Chief Accounting Officer of Accolade, Inc., converted 145 and 1,087 restricted stock units (RSUs) into common stock.
- On March 4, 2024, McHugh sold 433 shares of common stock at a price of $9.635 per share.
- Following these transactions, McHugh directly owns 36,225 shares of common stock and holds 5,438 restricted stock units.
- The sale of shares was to cover tax withholding obligations related to the vesting and settlement of RSUs and was executed as a 'mandatory sell to cover' transaction.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions, with no inherent positive or negative sentiment.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, which is standard practice for publicly traded companies to ensure transparency and compliance with SEC regulations.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership, but the overall effect is likely negligible.
Key Dates
| Date | Description |
|---|---|
| June 1, 2021 | June 2021 Vesting Commencement Date for some Restricted Stock Units |
| June 1, 2022 | June 2022 Vesting Commencement Date for some Restricted Stock Units |
| March 1, 2024 | Conversion of Restricted Stock Units to Common Stock |
| March 4, 2024 | Sale of Common Stock |
| March 5, 2024 | Date of Form 4 signature |
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