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) and a sale of shares to cover tax obligations.

Summary

• On August 16, 2024, Robert N. Cavanaugh, President of Accolade, Inc., converted 510 Restricted Stock Units (RSUs) into common stock.
• Following this transaction, Cavanaugh directly owns 193,812 shares of Accolade, Inc.
• On August 19, 2024, Cavanaugh sold 153 shares at a price of $4.145 per share to cover tax withholding obligations related to the vesting of RSUs.
• After the sale, Cavanaugh directly owns 193,659 shares of Accolade, Inc.
• The RSUs vest over four years, starting June 16, 2021, with 25% vesting on the first anniversary and the remaining vesting monthly thereafter.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing stock transactions, which carries a neutral sentiment.

Industry Context

This Form 4 filing is a routine disclosure of stock transactions by a company insider, which is common in publicly traded companies. It provides transparency to investors regarding the actions of company executives.

Stakeholder Impact

• The sale of shares by a company insider could be perceived negatively by some shareholders, although the sale was to cover tax obligations.

Key Dates