Form 4: Accolade Inc. President Cavanaugh Reports Stock Transactions

Robert N. Cavanaugh, President of Accolade, Inc., reports the conversion of Restricted Stock Units (RSUs) and subsequent sale of shares to cover tax obligations.

Summary

• On June 10, 2024, Robert N. Cavanaugh, President of Accolade, Inc., converted 711 Restricted Stock Units (RSUs) into common stock.
• Following the conversion, Mr. Cavanaugh sold 223 shares of common stock on June 11, 2024, at a price of $6.449 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 directly owns 176,315 shares of Accolade, Inc. common stock.
• Mr. Cavanaugh also directly owns 8,526 Restricted Stock Units.

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 about insider trading activity.

Industry Context

This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their transactions in the company's stock. It allows investors to monitor insider activity, which can sometimes provide insights into management's perspective on the company's value and prospects.

Stakeholder Impact

• Shareholders can use this information to understand insider trading activity, which may influence their investment decisions.

Key Dates