RAJEEV SINGH - 16 Jun 2021 Form 4 Insider Report for Accolade, Inc.

Signature
/s/ Richard Eskew, Attorney-in-Fact
Issuer symbol
N/A
Transactions as of
16 Jun 2021
Net transactions value
+$4,780,286
Form type
4
Filing time
21 Jun 2021, 16:11:07 UTC
Previous filing
07 Jun 2021
Next filing
28 Jul 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding ACCD Common Stock 45,900 16 Jun 2021 Direct
holding ACCD Common Stock 651,619 16 Jun 2021 By Avanti Holdings, LLC F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction ACCD Restricted Stock Units Award +44,776 44,776 16 Jun 2021 Common Stock 44,776 Direct F2, F3
transaction ACCD Stock Option (Right to Buy) Award $4,780,286 +89,552 $53.38 89,552 16 Jun 2021 Common Stock 89,552 $53.38 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Reporting Person is a partner of Avanti Holdings, LLC and has voting and investment power with respect to the securities held by Avanti Holdings, LLC.
F2 Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's Common Stock.
F3 The shares subject to this RSU shall vest at a rate of twenty-five percent of the total number of shares on the one-year anniversary of June 16, 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 provides continuous service to 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.
F4 The shares subject to this option shall vest at a rate of twenty-five percent of the total number of shares on the one-year anniversary of June 16, 2021 (the "June Vesting Commencement Date") and 1/48th of the total number of shares each monthly anniversary of the June Vesting Commencement Date thereafter for so long as the Reporting Person provides continuous service to the Issuer, such that the total number of shares shall be fully vested on the four-year anniversary of the June Vesting Commencement Date.