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.

Summary

• On September 10, 2024, Robert N. Cavanaugh, President of Accolade, Inc., acquired 711 shares of common stock through the conversion of Restricted Stock Units (RSUs).
• Following this transaction, Cavanaugh directly owns 195,469 shares of common stock.
• On September 11, 2024, Cavanaugh disposed of 215 shares of common stock at a price of $3.911 per share.
• This disposal resulted in Cavanaugh owning 195,254 shares of common stock directly.
• The sale of shares was to cover tax withholding obligations related to the vesting and settlement of RSUs and was not a discretionary transaction.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.

Industry Context

This Form 4 filing is a routine disclosure of stock transactions by a company insider, as required by the SEC. It provides transparency to investors regarding the buying and selling activities of company executives.

Stakeholder Impact

• Shareholders are informed about the insider trading activity of a key executive.

Key Dates