Form 4: Accolade Inc. President Cavanaugh Reports Stock Transactions

Robert N. Cavanaugh, President of Accolade, Inc., reports the acquisition and disposition of common stock and restricted stock units.

Summary

• On June 17, 2024, Robert N. Cavanaugh, President of Accolade, Inc., acquired 510 shares of common stock through the conversion of Restricted Stock Units (RSUs).
• Following this transaction, Cavanaugh directly owns 189,918 shares of common stock.
• On June 18, 2024, Cavanaugh disposed of 155 shares of common stock at a price of $6.129 per share.
• This sale was to cover tax withholding obligations related to the vesting and settlement of RSUs and was not a discretionary transaction.
• Following this transaction, Cavanaugh directly owns 189,763 shares of common stock.
• Cavanaugh also holds 6,120 Restricted Stock Units (RSUs), each representing the right to receive one share of Accolade's common stock.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing stock transactions by a company insider, with no inherent positive or negative sentiment.

Industry Context

Form 4 filings are standard practice for company insiders to report transactions in their company's stock, providing transparency to investors.

Stakeholder Impact

• The transactions provide transparency to shareholders regarding insider activity.

Key Dates