Form 4: Accolade Inc. President Cavanaugh Reports Stock Transactions
SEC Form 4 Filing
Robert N. Cavanaugh, President of Accolade, Inc., reported the conversion of Restricted Stock Units (RSUs) and a sale of shares to cover tax obligations.
Summary
- On April 17, 2024, Robert N. Cavanaugh, President of Accolade, Inc., converted 510 Restricted Stock Units (RSUs) into common stock.
- On April 18, 2024, Cavanaugh sold 141 shares of common stock at a price of $8.823 per share.
- The sale was to cover tax withholding obligations related to the vesting and settlement of RSUs and was not a discretionary transaction.
- Following these transactions, Cavanaugh beneficially owns 172,467 shares of Accolade, Inc. common stock and 7,140 Restricted Stock Units.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing simply reports stock transactions related to RSU vesting and tax obligations, which are routine.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the trading activities of company executives.
Stakeholder Impact
- The transactions are unlikely to have a significant impact on stakeholders as they are related to routine executive compensation.
Key Dates
| Date | Description |
|---|---|
| June 16, 2021 | June 2021 Vesting Commencement Date for RSUs |
| 04/17/2024 | Conversion of 510 Restricted Stock Units to Common Stock |
| 04/18/2024 | Sale of 141 shares of Common Stock at $8.823 |
| 04/19/2024 | Date of signature for the Form 4 filing |
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