Form 4: Accolade Inc. President Cavanaugh Reports Stock Transactions

Robert N. Cavanaugh, President of Accolade, Inc., reports the acquisition and disposal of common stock and restricted stock units to cover tax obligations.

Summary

• On December 16, 2024, Robert N. Cavanaugh, President of Accolade, Inc., acquired 510 shares of common stock through the conversion of Restricted Stock Units (RSUs) at a price of $0.
• On December 17, 2024, Cavanaugh disposed of 156 shares of common stock at a price of $3.432 per share to cover tax withholding obligations related to the vesting and settlement of RSUs.
• Following these transactions, Cavanaugh beneficially owns 213,295 shares of Accolade, Inc. common stock.
• Cavanaugh also holds 3,061 Restricted Stock Units (RSUs).

Sentiment

Score: 5

Explanation: The sentiment is neutral as the filing reflects routine transactions related to executive compensation and tax obligations.

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to monitor management's perspective on the company's stock.

Comparison to Industry Standards

• Form 4 filings are a standard regulatory requirement for publicly traded companies in the United States, ensuring transparency in insider trading activities.
• Similar filings are made by executives at companies like Teladoc Health and Livongo, providing investors with insights into their stock transactions.

Stakeholder Impact

• The transactions provide transparency to shareholders regarding insider activity.
• The sale of shares to cover tax obligations has a minor impact on the overall stock supply.

Key Dates