Michael W. Hilton - May 16, 2023 Form 4 Insider Report for Accolade, Inc. (ACCD)

Role: Director
Signature: /s/ Richard Eskew, Attorney-in-Fact
Stock symbol: ACCD
Transactions as of: May 16, 2023
Transactions value $: $0
Form type: 4
Date filed: 5/18/2023, 04:46 PM
Previous filing: Apr 19, 2023
Next filing: May 23, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ACCD	Common Stock	Options Exercise		+332	+0.25%		131K	May 16, 2023	Direct	F2
holding	ACCD	Common Stock						195K	May 16, 2023	By Hilton Family Trust	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	Options Exercise		-332	-3.85%		8.29K	May 16, 2023	Common Stock	332		Direct	F3, 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 trustee of the Hilton Family Trust and has voting and investment power with respect to the securities held by the Hilton Family Trust.
F2	Each Restricted Stock Unit ("RSU") converted into one share of the Issuer's common stock.
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 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.