Rajeev Singh - Jun 11, 2024 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
Jun 11, 2024
Transactions value $
-$123,151
Form type
4
Date filed
6/13/2024, 01:39 PM
Previous filing
Jun 12, 2024
Next filing
Jun 20, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ACCD Common Stock Options Exercise +45.4K +6.06% 795K Jun 11, 2024 Direct F1
transaction ACCD Common Stock Sale -$123K -18.6K -2.34% $6.62 777K Jun 12, 2024 Direct F2
holding ACCD Common Stock 652K Jun 11, 2024 By Avanti Holdings, LLC F3

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 -45.4K -33.33% 90.9K Jun 11, 2024 Common Stock 45.4K Direct F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each Restricted Stock Unit ("RSU") converted into one share of the Issuer's common stock.
F2 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 RSUs. 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.
F3 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.
F4 Each RSU represents a contingent right to receive one share of the Issuer's Common Stock.
F5 The Reporting Person was granted restricted stock units ("RSUs") on June 27, 2023 with a vesting commencement date of June 1, 2023 (the "Vesting Commencement Date"), which represent a contingent right to receive one share of Common Stock for each RSU. The RSUs will vest as follows: (a) one-third (1/3rd) of the RSUs will vest on the first anniversary of the Vesting Commencement Date (or June 1, 2024), and (b) then 1/36th of the RSUs will vest on each successive month following the first anniversary of the Vesting Commencement Date, provided that the Reporting Person remains in continuous service on each vesting date. Unless otherwise provided, on each vesting date shares of Common Stock will automatically be sold to satisfy the Reporting Person's tax withholding obligations in a non-discretionary transaction.