Form 4: Accolade Inc. Executive Richard Eskew Reports Acquisition of Common Stock

Sentiment:

SEC Form 4 Filing


EVP General Counsel Richard Eskew reports acquiring 639 shares of Accolade, Inc. common stock through the company's Employee Stock Purchase Plan.

Summary

  • Richard Eskew, EVP General Counsel of Accolade, Inc., reported the acquisition of 639 shares of common stock on March 25, 2025.
  • The shares were acquired through the company's 2020 Employee Stock Purchase Plan (ESPP) at a price of $3.16 per share.
  • The acquisition increased Eskew's direct holdings to 65,423 shares of Accolade, Inc.
  • The purchase price was determined as 85% of the closing price of Accolade's common stock on November 21, 2024.
  • This transaction is exempt under Rule 16b-3(c).

Sentiment

Score: 6

Explanation: Neutral sentiment as it's a routine transaction (ESPP) and doesn't indicate significant positive or negative news.

Positives

  • Executive participation in the ESPP demonstrates confidence in the company.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

  • The transaction provides transparency to shareholders regarding executive stock ownership.

Key Dates

DateDescription
November 21, 2024Date used to determine the purchase price of the stock, calculated as 85% of the closing price on this date.
March 24, 2025End of the ESPP purchase period.
March 25, 2025Date of the transaction where Richard Eskew acquired shares.
March 26, 2025Date of signature on the Form 4 filing.

Keywords

Accolade Inc., Richard Eskew, ACCD, ESPP, Common Stock, Beneficial Ownership, Form 4, SEC Filing

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