Form 4: Accolade Inc. President Robert Cavanaugh Reports Stock Transactions

Accolade, Inc. President Robert N. Cavanaugh reports the conversion of restricted stock units and subsequent sale of shares to cover tax obligations.

Summary

• On October 1, 2024, Robert N. Cavanaugh, President of Accolade, Inc., converted 1,568 Restricted Stock Units (RSUs) into common stock.
• On October 2, 2024, Cavanaugh sold 474 shares of common stock at a price of $3.704 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.
• Following these transactions, Cavanaugh directly owns 196,709 shares of Accolade, Inc. common stock and 31,370 Restricted Stock Units.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions by a company executive. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.

Industry Context

This Form 4 filing is a routine disclosure of insider transactions, which are common for executives who receive stock-based compensation. It provides transparency into the trading activities of company insiders.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders, as the sale was to cover tax obligations and does not represent a significant change in ownership.

Key Dates