Form 4: Accolade Inc. President Robert N. Cavanaugh Reports Stock Transactions
SEC Form 4 Filing
Accolade, Inc. President Robert N. Cavanaugh reported the acquisition and disposal of common stock and restricted stock units, including sales to cover tax obligations.
Summary
- On October 16, 2024, Robert N. Cavanaugh, President of Accolade, Inc., reported the conversion of 510 Restricted Stock Units (RSUs) into common stock.
- On October 17, 2024, Cavanaugh sold 157 shares of common stock at a price of $3.669 per share.
- The sale was to cover tax withholding obligations related to the vesting and settlement of RSUs and was not a discretionary transaction.
- Following these transactions, Cavanaugh directly owns 197,555 shares of Accolade, Inc. common stock and 4,081 RSUs.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by a company insider. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities. It allows investors to monitor insider sentiment and potential alignment with company performance.
Stakeholder Impact
- Shareholders can use this information to understand insider trading activity and assess management's confidence in the company.
Key Dates
| Date | Description |
|---|---|
| June 16, 2021 | June 2021 Vesting Commencement Date for RSUs |
| October 16, 2024 | Conversion of 510 Restricted Stock Units to Common Stock |
| October 17, 2024 | Sale of 157 shares of Common Stock at $3.669 |
| October 18, 2024 | Date of signature for the Form 4 filing |
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