Form 4: Accolade Inc. President Cavanaugh Reports Stock Transactions
SEC Form 4
Robert N. Cavanaugh, President of Accolade, Inc., reports the vesting and sale of common stock to cover tax obligations.
Summary
- On July 2, 2024, Robert N. Cavanaugh, President of Accolade, Inc., reported transactions involving Accolade's common stock.
- Specifically, 1,568 Restricted Stock Units (RSUs) converted into shares of common stock.
- 457 shares were sold at a price of $3.541 per share to cover tax withholding obligations related to the vesting of the RSUs.
- Following these transactions, Cavanaugh directly owns 190,874 shares of Accolade common stock and 36,075 Restricted Stock Units.
Sentiment
Score: 5
Explanation: This is a routine filing related to stock transactions for tax purposes, and doesn't indicate any significant positive or negative sentiment.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track ownership changes and potential alignment of interests.
Stakeholder Impact
- The transactions have a minimal impact on stakeholders as they are related to tax obligations and do not represent a significant change in ownership.
Key Dates
| Date | Description |
|---|---|
| June 1, 2023 | Vesting Commencement Date for RSUs |
| June 27, 2023 | Date RSUs were granted |
| July 2, 2024 | Date of stock transactions (RSU conversion and stock sale) |
| July 3, 2024 | Date of signature for the Form 4 filing |
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