4//SEC Filing
McHugh Colin 4
Accession 0001127602-24-025023
CIK 0001481646other
Filed
Oct 2, 8:00 PM ET
Accepted
Oct 3, 11:53 AM ET
Size
13.6 KB
Accession
0001127602-24-025023
Insider Transaction Report
Form 4
Accolade, Inc.ACCD
McHugh Colin
Chief Accounting Officer
Transactions
- Exercise/Conversion
Common Stock
2024-10-01+145→ 53,500 total - Exercise/Conversion
Restricted Stock Units
2024-10-01−1,389→ 27,779 total→ Common Stock (1,389 underlying) - Exercise/Conversion
Common Stock
2024-10-01+1,389→ 54,889 total - Sale
Common Stock
2024-10-02$3.70/sh−448$1,659→ 54,441 total - Exercise/Conversion
Restricted Stock Units
2024-10-01−145→ 1,162 total→ Common Stock (145 underlying)
Footnotes (5)
- [F1]Each restricted stock unit ("RSU") converted into one share of Common Stock.
- [F2]The sale reported on this Form 4 represents shares sold by the Reporting Person to cover tax withholding obligations in connection with the vesting and settlement of RSUs. The sale was to satisfy tax withholding obligations to be funded by a "mandatory sell to cover" transaction and does not represent a discretionary transaction by the Reporting Person.
- [F3]Each RSU represents a contingent right to receive one share of the Issuer's Common Stock.
- [F4]The shares subject to this RSU shall vest at a rate of twenty-five percent of the total number of shares on the first anniversary of June 1, 2021 (the "June 2021 Vesting Commencement Date") and 1/48th of the total number of shares each monthly anniversary of the June 2021 Vesting Commencement Date thereafter for so long as the Reporting Person remains in service with the Issuer, such that the total number of shares shall be fully vested on the four-year anniversary of the June 2021 Vesting Commencement Date.
- [F5]The Reporting Person was granted restricted stock units ("RSUs") on June 26, 2023 with a vesting commencement date of June 1, 2023 (the "Vesting Commencement Date"), which represent a contingent right to receive one share of Common Stock for each RSU. The RSUs will vest as follows: (a) one-third (1/3rd) of the RSUs will vest on the first anniversary of the Vesting Commencement Date (or June 1, 2024), and (b) then 1/36th of the RSUs will vest on each successive month following the first anniversary of the Vesting Commencement Date, provided that the Reporting Person remains in continuous service on each vesting date. Unless otherwise provided, on each vesting date shares of Common Stock will automatically be sold to satisfy the Reporting Person's tax withholding obligations in a non-discretionary transaction.
Documents
Issuer
Accolade, Inc.
CIK 0001481646
Entity typeother
Related Parties
1- filerCIK 0001983513
Filing Metadata
- Form type
- 4
- Filed
- Oct 2, 8:00 PM ET
- Accepted
- Oct 3, 11:53 AM ET
- Size
- 13.6 KB