Jack Phillips - May 15, 2023 Form 4 Insider Report for Accelerate Diagnostics, Inc (AXDX)

Role: Chief Executive Officer, Director
Signature: /s/ Jack Phillips
Stock symbol: AXDX
Transactions as of: May 15, 2023
Transactions value $: -$5,479
Form type: 4
Date filed: 5/16/2023, 05:38 PM
Previous filing: Apr 17, 2023
Next filing: Jun 15, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	AXDX	Common Stock	Options Exercise	$0	+17.2K	+3.56%	$0.00	501K	May 15, 2023	Direct	F1
transaction	AXDX	Common Stock	Sale	-$5.48K	-7.94K	-1.59%	$0.69	493K	May 15, 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	-17.2K	-12.5%	$0.00	121K	May 15, 2023	Common Stock	17.2K		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 May 20, 2021, the reporting person was granted a total of 206,597 restricted stock units, which vests in equal amounts every month for 12 months, which started vesting on January 13, 2023.
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.