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

Accolade, Inc. President Robert N. Cavanaugh reported the conversion of Restricted Stock Units (RSUs) into common stock and a subsequent sale of shares to cover tax obligations.

Summary

• On September 16, 2024, Robert N. Cavanaugh, President of Accolade, Inc., converted 510 Restricted Stock Units (RSUs) into 510 shares of common stock.
• Following the conversion, Mr. Cavanaugh directly held 195,764 shares of Accolade, Inc.
• On September 17, 2024, Mr. Cavanaugh sold 149 shares at a price of $4.318 per share.
• This sale was to cover tax withholding obligations related to the vesting and settlement of the RSUs and was not a discretionary transaction.
• After the sale, Mr. Cavanaugh directly held 195,615 shares of Accolade, Inc.
• The remaining 4,591 RSUs vest over four years from June 16, 2021, with 25% vesting on the first anniversary and the remainder vesting monthly thereafter.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment.

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