Form 4: Accolade Inc. President Cavanaugh Reports Stock Transactions

Robert N. Cavanaugh, President of Accolade, Inc., reports the conversion of restricted stock units and subsequent sale of shares to cover tax obligations.

Summary

• On September 3, 2024, Robert N. Cavanaugh, President of Accolade, Inc., converted 1,569 restricted stock units (RSUs) into common stock.
• Following the conversion, Mr. Cavanaugh sold 470 shares of common stock on September 4, 2024, at a price of $4.224 per share.
• The sale was to cover tax withholding obligations related to the vesting and settlement of the RSUs and was not a discretionary transaction.
• After these transactions, Mr. Cavanaugh beneficially owns 194,758 shares of Accolade, Inc. common stock and 32,938 restricted stock units.

Sentiment

Score: 5

Explanation: The document is a routine SEC filing detailing stock transactions by a company executive. It doesn't inherently convey positive or negative sentiment, as it's simply a record of transactions.

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.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the sale of shares, but the impact is likely minimal as it is related to tax obligations.

Key Dates