Form 4: Accolade Inc. President Robert N. Cavanaugh Reports Stock Transactions
SEC Form 4
Accolade, Inc. President Robert N. Cavanaugh reported the conversion of Restricted Stock Units (RSUs) into common stock and a sale of shares to cover tax obligations.
Summary
- On April 10, 2024, Robert N. Cavanaugh, President of Accolade, Inc., converted 711 Restricted Stock Units (RSUs) into 711 shares of common stock.
- Following this transaction, Cavanaugh directly owns 172,351 shares of Accolade, Inc.
- On April 11, 2024, Cavanaugh sold 253 shares of common stock at a price of $8.849 per share to cover tax withholding obligations related to the vesting of RSUs.
- After the sale, Cavanaugh directly owns 172,098 shares of Accolade, Inc.
- The RSUs vest in installments, starting on the one-year anniversary of June 10, 2022, and continuing monthly until fully vested on the three-year anniversary.
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 related to executive compensation and stock transactions, which is common for publicly traded companies. It provides transparency into the trading activities of company insiders.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in the number of shares held by a company officer.
Key Dates
| Date | Description |
|---|---|
| 06/10/2022 | June 2022 RSU Vesting Commencement Date |
| 04/10/2024 | Date of RSU conversion to common stock |
| 04/11/2024 | Date of stock sale for tax obligations |
| 04/12/2024 | Date of signature on the Form 4 filing |
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