SINGH RAJEEV - 23 May 2023 Form 4 Insider Report for Accolade, Inc. (ACCD)

Role
Chief Executive Officer, Director
Signature
/s/ Richard Eskew, Attorney-in-Fact
Issuer symbol
ACCD
Transactions as of
23 May 2023
Net transactions value
-$17,210
Form type
4
Filing time
24 May 2023, 12:19:08 UTC
Previous filing
23 May 2023
Next filing
25 May 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ACCD Common Stock Options Exercise +4,039 +0.72% 563,175 23 May 2023 Direct F2
transaction ACCD Common Stock Sale $17,210 -1,553 -0.28% $11.08 561,622 23 May 2023 Direct F3
holding ACCD Common Stock 651,619 23 May 2023 By Avanti Holdings, LLC F1
* 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 Shares issued in settlement of the vesting of performance restricted stock units ("PRSUs") granted to the Reporting Person. Each PRSU converted into one share of the Issuer's common stock. The vesting and distribution of the PRSUs will occur in five (5) roughly equal installments commencing on May 19, 2023 with a total of 20,194 shares vesting.
F3 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 PRSUs. 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.