Form 4: Accolade Inc. President Robert Cavanaugh Reports Stock Transactions
SEC Form 4 Filing
Accolade Inc.'s President, Robert N. Cavanaugh, filed a Form 4 disclosing the acquisition and disposition of common stock and restricted stock units to cover tax obligations.
Summary
- On February 3, 2025, Robert N. Cavanaugh, President of Accolade, Inc., reported the conversion of 1,568 Restricted Stock Units (RSUs) into common stock.
- Also on February 3, 2025, shares were acquired at a price of $0.
- On February 4, 2025, Mr. Cavanaugh disposed of 557 shares of common stock at a price of $6.926 per share.
- These transactions were to cover tax withholding obligations related to the vesting and settlement of RSUs and do not represent discretionary transactions.
- Following these transactions, Mr. Cavanaugh beneficially owns 216,100 shares of Accolade, Inc. common stock and 25,096 Restricted Stock Units.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing simply reports stock transactions related to executive compensation and tax obligations, without indicating any strategic shifts or performance concerns.
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 have a minimal impact on shareholders as they are related to executive compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 06/01/2023 | Vesting Commencement Date for RSUs |
| 06/27/2023 | Date RSUs were granted |
| 06/01/2024 | First anniversary of Vesting Commencement Date; one-third of RSUs vest |
| 02/03/2025 | Conversion of 1,568 RSUs into common stock |
| 02/04/2025 | Sale of 557 shares of common stock at $6.926 per share |
| 02/05/2025 | Date of Form 4 filing |
Keywords
Form 4, Accolade Inc., Robert Cavanaugh, Stock Transactions, Restricted Stock Units, ACCD, Beneficial Ownership
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