Kent Cindy 4
4 · Accolade, Inc. · Filed Aug 8, 2024
Insider Transaction Report
Form 4
Accolade, Inc.ACCD
Kent Cindy
Director
Transactions
- Award
Restricted Stock Units
2024-08-06+35,021→ 35,021 total→ Common Stock (35,021 underlying)
Footnotes (2)
- [F1]Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of the Issuer's Common Stock.
- [F2]The shares subject to the RSU will vest on the earlier of (i) the date of the following annual meeting of the Issuer's stockholders (or the date immediately prior to the next annual meeting of the Issuer's stockholders if the Reporting Person's service as a director ends at such meeting due to the Reporting Person's failure to be re-elected or the director not standing for re-election) or (ii) August 6, 2025 (the one year anniversary of the 2024 annual meeting date), subject to continued service as a director through each applicable vesting date. The Reporting Person also elected to defer distribution of vested shares until the earlier of (1) January 30th of the calendar year following the Reporting Person's separation from service (as defined in 1.409A-1(h)) as a member of the Board for any reason and (ii) January 30, 2030, at which point the vested shares shall be released in equal annual installments over the course of 5 years.