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

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

Summary

• On July 16, 2024, Robert N. Cavanaugh, President of Accolade, Inc., converted 509 Restricted Stock Units (RSUs) into common stock.
• Following the conversion, Mr. Cavanaugh sold 157 shares of common stock on July 17, 2024, at a price of $3.857 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, Mr. Cavanaugh beneficially owns 191,728 shares of Accolade, Inc. common stock.

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 have a minimal impact on stakeholders as they are related to routine executive compensation and tax obligations.

Key Dates