Form 4: Accolade Inc. Executive McHugh Reports Stock Transactions
SEC Form 4 Filing
Colin McHugh, Chief Accounting Officer of Accolade, Inc., reports the vesting and sale of common stock and restricted stock units to cover tax obligations.
Summary
- On August 1, 2024, Colin McHugh, the Chief Accounting Officer of Accolade, Inc., had 145 Restricted Stock Units (RSUs) convert into common stock and sold 470 shares of common stock on August 2, 2024 at a price of $3.709 per share.
- These transactions are related to the vesting and settlement of RSUs, with sales conducted to cover tax withholding obligations.
- Following these transactions, McHugh directly owns 52,251 shares of Accolade, Inc. common stock and 32,009 Restricted Stock Units.
Sentiment
Score: 5
Explanation: This is a neutral event. It's a standard SEC filing related to stock transactions by an officer to cover tax obligations.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC when company insiders, like the Chief Accounting Officer, trade in their company's stock. It provides transparency to the market regarding insider transactions.
Stakeholder Impact
- The sale of shares to cover tax obligations may have a minor, temporary impact on the stock price.
Key Dates
| Date | Description |
|---|---|
| June 1, 2021 | June 2021 Vesting Commencement Date for RSUs |
| June 1, 2023 | Vesting Commencement Date for RSUs granted on June 26, 2023 |
| June 26, 2023 | Date RSUs were granted |
| August 1, 2024 | Conversion of RSUs to Common Stock |
| August 2, 2024 | Sale of Common Stock to cover tax obligations |
| August 5, 2024 | Date of signature for the Form 4 filing |
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