SCHEDULE: Goldman Sachs Reports Minimal Accolade Stake

Goldman Sachs Group and its affiliate reported a negligible 0.0% beneficial ownership in Accolade, Inc. common stock.

Summary

• The Goldman Sachs Group, Inc. and its subsidiary, Goldman Sachs & Co. LLC, filed an Amendment No. 1 to Schedule 13G regarding their beneficial ownership of Accolade, Inc. common stock.
• As of June 30, 2025, both reporting entities beneficially owned an aggregate of 65 shares of Accolade, Inc. common stock.
• This aggregate ownership represents 0.0% of Accolade, Inc.'s outstanding common stock.
• The shares are held in the ordinary course of business and were not acquired for the purpose of changing or influencing the control of Accolade, Inc.

Sentiment

Score: 5

Explanation: The filing is a routine disclosure of a negligible ownership stake, indicating a neutral impact. It neither suggests strong confidence nor concern, as the ownership percentage is 0.0%.

Positives

• The reporting entities confirmed that the shares were acquired and are held in the ordinary course of business, indicating a passive investment without intent to influence or change control of Accolade, Inc.

Negatives

• The aggregate beneficial ownership by The Goldman Sachs Group, Inc. and Goldman Sachs & Co. LLC is extremely low, totaling only 65 shares, which represents a negligible 0.0% of Accolade, Inc.'s common stock.

Future Outlook

NA

Industry Context

This filing is a routine disclosure of beneficial ownership by a large financial institution and does not provide specific insights into broader industry trends or competitive dynamics for Accolade, Inc. It primarily reflects a minimal, passive investment by Goldman Sachs.

Stakeholder Impact

• Shareholders: Minimal to no direct impact due to the extremely low ownership percentage reported by a major institutional investor.

Key Dates

Keywords

Accolade Inc, Goldman Sachs, Schedule 13G, Beneficial Ownership, Common Stock, Institutional Ownership, SEC Filing