Steven Reichling - Mar 13, 2023 Form 4 Insider Report for Accelerate Diagnostics, Inc (AXDX)

Signature
/s/ Steve Reichling
Stock symbol
AXDX
Transactions as of
Mar 13, 2023
Transactions value $
-$2,307
Form type
4
Date filed
3/15/2023, 02:15 PM
Previous filing
Mar 13, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AXDX Common Stock Options Exercise $0 +9.44K +6.86% $0.00 147K Mar 13, 2023 Direct F1
transaction AXDX Common Stock Sale -$2.31K -4.71K -3.2% $0.49 142K Mar 13, 2023 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 AXDX Employee Restricted Stock Units Options Exercise $0 -9.44K -100% $0.00* 0 Mar 13, 2023 Common Stock 9.44K Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Reporting Person was granted restricted stock units ("RSUs"), which represent a contingent right to receive one share of Common Stock for each RSU. On March 13, 2021, the reporting person was granted a total of 113,265 restricted stock units, which vests in equal amounts every month for 12 months.
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 "sell to cover" transaction and does not represent a discretionary transaction by the Reporting Person.