Form 4: Accolade Inc. President Robert Cavanaugh Reports Stock Transactions
SEC Form 4
Accolade, Inc. President Robert Cavanaugh reports the conversion of Restricted Stock Units (RSUs) and subsequent sale of shares to cover tax obligations.
Summary
- On May 16, 2024, Robert N Cavanaugh, President of Accolade, Inc., converted 510 Restricted Stock Units (RSUs) into common stock.
- Following the conversion, on May 17, 2024, Cavanaugh sold 154 shares of common stock at a price of $7.273 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, Cavanaugh directly owns 173,327 shares of Accolade, Inc. common stock.
- Cavanaugh also holds 6,630 Restricted Stock Units (RSUs) which vest over a four-year period from June 16, 2021.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions. 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 in publicly traded companies. It provides transparency into the trading activities of company executives.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the small number of shares involved.
Key Dates
| Date | Description |
|---|---|
| June 16, 2021 | June 2021 Vesting Commencement Date for Restricted Stock Units |
| May 16, 2024 | Conversion of 510 Restricted Stock Units into common stock |
| May 17, 2024 | Sale of 154 shares of common stock at $7.273 per share |
| May 20, 2024 | Date of signature by Attorney-in-Fact |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.