Form 4: Accolade Inc. President Cavanaugh Reports Stock Transactions
SEC Form 4 Filing
Accolade, Inc. President Robert N. Cavanaugh reports the conversion of restricted stock units and subsequent sale of shares to cover tax obligations.
Summary
- On March 11, 2024, Robert N. Cavanaugh, President of Accolade, Inc., converted 710 Restricted Stock Units (RSUs) into common stock.
- On March 12, 2024, Cavanaugh sold 252 shares of common stock at a price of $9.524 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 directly owns 171,311 shares of Accolade, Inc. common stock and 10,658 RSUs.
Sentiment
Score: 5
Explanation: Neutral sentiment as the filing simply reports routine stock transactions related to executive compensation and tax obligations.
Industry Context
This Form 4 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.
Key Dates
| Date | Description |
|---|---|
| June 10, 2022 | June 2022 RSU Vesting Commencement Date |
| 03/11/2024 | Conversion of Restricted Stock Units |
| 03/12/2024 | Sale of Common Stock |
| 03/13/2024 | Date of Richard Eskew's signature as Attorney-in-Fact |
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