Form 4: Accolade Inc. President Cavanaugh Reports Stock Transactions

Robert N. Cavanaugh, President of Accolade, Inc., reports acquisition and disposal of common stock and restricted stock units to cover tax obligations.

Summary

• On June 11, 2024, Robert N. Cavanaugh, President of Accolade, Inc., acquired 18,821 shares of common stock through the conversion of Restricted Stock Units (RSUs).
• On June 12, 2024, Cavanaugh disposed of 5,728 shares of common stock at a price of $6.615 per share.
• These sales were to cover tax withholding obligations related to the vesting and settlement of RSUs and were not discretionary transactions.
• Following these transactions, Cavanaugh directly owns 189,408 shares of Accolade, Inc. common stock and 37,643 Restricted Stock Units.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the document primarily reports routine stock transactions by an executive to cover tax obligations. There is no indication of positive or negative implications for the company's performance.

Industry Context

This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities. It is common for executives to sell shares to cover tax obligations related to vesting equity awards.

Key Dates