Form 4: Accolade Inc. Executive Richard Eskew Reports Changes in Beneficial Ownership

Richard Eskew, EVP General Counsel at Accolade, Inc., reports the acquisition and disposal of common stock and restricted stock units.

Summary

• On June 11 and 12, 2024, Richard Eskew, the EVP General Counsel of Accolade, Inc., reported transactions involving common stock and restricted stock units (RSUs).
• Eskew acquired shares through the conversion of RSUs into common stock on June 11, 2024.
• Specifically, 389, 1,250, and 9,086 RSUs were converted into common stock, resulting in holdings of 41,371, 42,621, and 51,707 shares, respectively.
• On June 12, 2024, Eskew disposed of 3,229 shares of common stock at a price of $6.615 per share, resulting in holdings of 48,478 shares.
• These sales were to cover tax withholding obligations related to the vesting and settlement of RSUs and were not discretionary transactions.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing stock transactions by an executive, with no inherent positive or negative sentiment.

Industry Context

This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their transactions in the company's stock.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in ownership by a company executive.
• The sale of shares to cover tax obligations is a standard practice and does not significantly impact the company's financial health.

Key Dates