Colin McHugh - Jul 1, 2024 Form 4 Insider Report for Accolade, Inc. (ACCD)

Role: Chief Accounting Officer
Signature: /s/ Richard Eskew, Attorney-in-Fact
Stock symbol: ACCD
Transactions as of: Jul 1, 2024
Transactions value $: -$1,852
Form type: 4
Date filed: 7/3/2024, 09:27 AM
Previous filing: Jun 13, 2024
Next filing: Aug 5, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ACCD	Common Stock	Options Exercise		+145	+0.29%		50.3K	Jul 1, 2024	Direct	F1
transaction	ACCD	Common Stock	Options Exercise		+1.39K	+2.76%		51.7K	Jul 1, 2024	Direct	F1
transaction	ACCD	Common Stock	Sale	-$1.85K	-523	-1.01%	$3.54^*	51.2K	Jul 2, 2024	Direct	F2

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		-145	-8.32%		1.6K	Jul 1, 2024	Common Stock	145		Direct	F3, F4
transaction	ACCD	Restricted Stock Units	Options Exercise		-1.39K	-4.16%		31.9K	Jul 1, 2024	Common Stock	1.39K		Direct	F3, 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 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	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 first anniversary of June 1, 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 remains in service with 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.
F5	The Reporting Person was granted restricted stock units ("RSUs") on June 26, 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.