RAJEEV SINGH - 09 Jan 2024 Form 4 Insider Report for Accolade, Inc.

Role
Chief Executive Officer, Director
Signature
/s/ Richard Eskew, Attorney-in-Fact
Issuer symbol
N/A
Transactions as of
09 Jan 2024
Net transactions value
-$1,119,930
Form type
4
Filing time
11 Jan 2024, 18:14:11 UTC
Previous filing
20 Dec 2023
Next filing
12 Jan 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ACCD Common Stock Sale $543,152 -36,199 -4.9% $15.00 705,083 09 Jan 2024 Direct F2, F3
transaction ACCD Common Stock Options Exercise $152,036 +36,199 +5.1% $4.20 741,282 09 Jan 2024 Direct F2
transaction ACCD Common Stock Options Exercise $282,538 +67,271 +9.1% $4.20 808,553 10 Jan 2024 Direct F2
transaction ACCD Common Stock Sale $1,011,352 -67,271 -8.3% $15.03 741,282 10 Jan 2024 Direct F2, F4
holding ACCD Common Stock 651,619 09 Jan 2024 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 -36,199 -3.5% $0.000000 993,610 09 Jan 2024 Common Stock 36,199 $4.20 Direct F5
transaction ACCD Stock Option (Right to Buy) Options Exercise $0 -67,271 -6.8% $0.000000 926,339 10 Jan 2024 Common Stock 67,271 $4.20 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

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 These stock option exercises and related sales were made pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on July 20, 2023.
F3 This sale price represents a weighted average price. These shares were sold in multiple transactions at prices within the range of $15.00 to $15.03. The Reporting Person undertakes to provide to the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range(s) set forth in this footnote of this Form 4.
F4 This sale price represents a weighted average price. These shares were sold in multiple transactions at prices within the range of $15.00 to $15.29. The Reporting Person undertakes to provide to the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range(s) set forth in this footnote of this Form 4.
F5 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.