Form 4: Accolade Inc. President Cavanaugh Reports Stock Transactions
SEC Form 4 Filing
Robert N. Cavanaugh, President of Accolade, Inc., reports the vesting of restricted stock units and subsequent sale of shares to cover tax obligations.
Summary
- On January 2, 2025, Robert N. Cavanaugh, President of Accolade, Inc., had 1,569 Restricted Stock Units (RSUs) convert into common stock.
- On January 3, 2025, Mr. Cavanaugh sold 553 shares of common stock at a price of $3.407 per share to cover tax withholding obligations related to the vesting of the RSUs.
- Following these transactions, Mr. Cavanaugh beneficially owns 214,311 shares of Accolade, Inc. common stock and 26,664 Restricted Stock Units.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Industry Context
This filing is a routine disclosure of insider transactions, which are common occurrences in publicly traded companies. It provides transparency into the trading activities of company executives.
Stakeholder Impact
- The sale of shares by an executive could have a minor impact on shareholder sentiment, but is unlikely to be significant given the reason for the sale (tax obligations).
Key Dates
| Date | Description |
|---|---|
| June 1, 2023 | Vesting Commencement Date for RSUs |
| June 27, 2023 | Date RSUs were granted |
| June 1, 2024 | First anniversary of Vesting Commencement Date; one-third of RSUs vest |
| January 2, 2025 | RSUs converted into common stock |
| January 3, 2025 | Shares sold to cover tax obligations |
| January 6, 2025 | Date of signature for the Form 4 filing |
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