Rajeev Singh - May 17, 2023 Form 4 Insider Report for Accolade, Inc. (ACCD)

Role
Chief Executive Officer, Director
Signature
/s/ Richard Eskew, Attorney-in-Fact
Stock symbol
ACCD
Transactions as of
May 17, 2023
Transactions value $
$1,829,096
Form type
4
Date filed
5/19/2023, 11:45 AM
Previous filing
May 18, 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 $264K +27.5K +17.58% $9.60 184K May 17, 2023 Direct
transaction ACCD Common Stock Options Exercise $1.56M +373K +202.37% $4.20 557K May 17, 2023 Direct
holding ACCD Common Stock 652K May 17, 2023 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 Stock Option (Right to Buy) Options Exercise $0 -27.5K -5.18% $0.00 504K May 17, 2023 Common Stock 27.5K $9.60 Direct F2
transaction ACCD Stock Option (Right to Buy) Options Exercise $0 -373K -24% $0.00 1.18M May 17, 2023 Common Stock 373K $4.20 Direct F3
* 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 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 25, 2019 (the "June 2019 Vesting Commencement Date") and 1/48th of the total number of shares each monthly anniversary of the June 2019 Vesting Commencement Date thereafter for so long as the Reporting Person remains an employee or consultant of the Issuer, such that the total number of shares shall be fully vested on the four-year anniversary of the June 2019 Vesting Commencement Date.
F3 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 October 30, 2015 (the "October 2015 Vesting Commencement Date") and 1/48th of the total number of shares each monthly anniversary of the October 2015 Vesting Commencement Date thereafter for so long as the Reporting Person remains an employee or consultant of the Issuer, such that the total number of shares shall be fully vested on the four-year anniversary of the October 2015 Vesting Commencement Date.