Form 4: Accolade Inc. President Robert Cavanaugh Reports Stock Transactions
SEC Form 4 Filing
Accolade Inc.'s President, Robert Cavanaugh, executed transactions involving the company's stock, including the conversion of restricted stock units and a sale to cover tax obligations.
Summary
- Robert Cavanaugh, President of Accolade Inc., reported transactions involving the company's common stock.
- On January 16, 2025, 510 restricted stock units (RSUs) were converted into 510 shares of common stock.
- On January 17, 2025, 186 shares were sold at a price of $6.859 per share.
- The sale of shares was to cover tax withholding obligations related to the vesting of the RSUs and was not a discretionary transaction.
- Following these transactions, Mr. Cavanaugh directly owns 215,089 shares of Accolade Inc. common stock.
Sentiment
Score: 5
Explanation: The document is a routine SEC filing detailing stock transactions by an executive. It does not contain any information that would indicate a positive or negative sentiment.
Industry Context
This is a standard SEC Form 4 filing, which is common for company insiders reporting transactions in their company's stock. It is a routine disclosure and does not indicate any specific trend in the industry.
Comparison to Industry Standards
- Form 4 filings are a standard practice for publicly traded companies in the US, and this filing is consistent with those requirements.
- The transactions reported are typical for executives who receive stock-based compensation, such as RSUs.
- The sale of shares to cover tax obligations is a common practice among executives receiving equity compensation.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they involve a small number of shares relative to the total outstanding shares.
- The sale of shares to cover tax obligations is a standard practice and does not indicate any change in the company's fundamentals.
Key Dates
| Date | Description |
|---|---|
| 06/16/2021 | June 2021 Vesting Commencement Date for the Restricted Stock Units. |
| 01/16/2025 | Conversion of 510 Restricted Stock Units into common stock. |
| 01/17/2025 | Sale of 186 shares of common stock at $6.859 per share. |
| 01/21/2025 | Date of signature for the Form 4 filing. |
Keywords
Accolade Inc., Robert Cavanaugh, stock transactions, restricted stock units, Form 4, insider trading, tax withholding, equity securities
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