Michael W. Hilton - Aug 6, 2024 Form 4 Insider Report for Accolade, Inc. (ACCD)

Role
Director
Signature
/s/ Richard Eskew, Attorney-in-Fact
Stock symbol
ACCD
Transactions as of
Aug 6, 2024
Transactions value $
$0
Form type
4
Date filed
8/8/2024, 02:14 PM
Previous filing
Jul 18, 2024
Next filing
Aug 14, 2024

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 Award $0 +20.8K $0.00 20.8K Aug 6, 2024 Common Stock 20.8K Direct F1, F2, F3
* 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") represents a contingent right to receive one share of the Issuer's Common Stock.
F2 As reported in the 8-K filed by the Issuer on February 16, 2023, the Reporting Person will become eligible to receive non-employee director compensation as of January 1, 2025. Accordingly, the number of RSUs granted to the Reporting Person represents the pro-rata portion of the full director compensation grant based on the amount of time during the period for which the Reporting Person is eligible to receive compensation as a non-employee director.
F3 The shares subject to the RSU will vest on the earlier of (i) the date of the following annual meeting of the Issuer's stockholders (or the date immediately prior to the next annual meeting of the Issuer's stockholders if the Reporting Person's service as a director ends at such meeting due to the Reporting Person's failure to be re-elected or the director not standing for re-election) or (ii) August 6, 2025 (the one year anniversary of the 2024 annual meeting date), subject to continued service as a director through each applicable vesting date. The Reporting Person also elected to defer distribution of vested shares until January 30th of the calendar year following the Reporting Person's separation from service (as defined in 1.409A-1(h)) as a member of the Board for any reason, at which point the vested shares shall be released in a single lump sum.