Home > Insider Trading > Filing (0001209191-20-041802)

Filing Details

Accession Number:: 0001209191-20-041802
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2020-07-08 18:06:22
Reporting Period:: 2020-07-07

Accepted Time:: 2020-07-08 18:06:22
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1481646	Accolade Inc.	ACCD	()	4

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1209185	D Jeffrey Jordan	C/O Accolade, Inc. 1201 Third Avenue, Suite 1700 Seattle WA 98101		Yes	No	No	No

Reported Non-Derivative Transactions

Show Other Fields >>

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Acquisiton	2020-07-07	3,354,507	$0.00	3,389,507	No	4	C	Indirect	By AH Parallel Fund IV, L.P.
Common Stock	Acquisiton	2020-07-07	354,658	$0.00	3,744,165	No	4	X	Indirect	By AH Parallel Fund IV, L.P.
Common Stock	Disposition	2020-07-07	9	$22.00	3,744,156	No	4	S	Indirect	By AH Parallel Fund IV, L.P.
Common Stock	Acquisiton	2020-07-07	35,465	$0.00	3,779,621	No	4	X	Indirect	By AH Parallel Fund IV, L.P.
Common Stock	Disposition	2020-07-07	1	$22.00	3,779,620	No	4	S	Indirect	By AH Parallel Fund IV, L.P.
Common Stock	Acquisiton	2020-07-07	1,450,413	$0.00	1,450,413	No	4	C	Indirect	By Andreessen Horowitz Fund IV, L.P.
Common Stock	Acquisiton	2020-07-07	153,346	$0.00	1,603,759	No	4	X	Indirect	By Andreessen Horowitz Fund IV, L.P.
Common Stock	Disposition	2020-07-07	4	$22.00	1,603,755	No	4	S	Indirect	By Andreessen Horowitz Fund IV, L.P.
Common Stock	Acquisiton	2020-07-07	15,334	$0.00	1,619,089	No	4	X	Indirect	By Andreessen Horowitz Fund IV, L.P.
Common Stock	Disposition	2020-07-07	1	$22.00	1,619,088	No	4	S	Indirect	By Andreessen Horowitz Fund IV, L.P.

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	C	Indirect	By AH Parallel Fund IV, L.P.
No	4	X	Indirect	By AH Parallel Fund IV, L.P.
No	4	S	Indirect	By AH Parallel Fund IV, L.P.
No	4	X	Indirect	By AH Parallel Fund IV, L.P.
No	4	S	Indirect	By AH Parallel Fund IV, L.P.
No	4	C	Indirect	By Andreessen Horowitz Fund IV, L.P.
No	4	X	Indirect	By Andreessen Horowitz Fund IV, L.P.
No	4	S	Indirect	By Andreessen Horowitz Fund IV, L.P.
No	4	X	Indirect	By Andreessen Horowitz Fund IV, L.P.
No	4	S	Indirect	By Andreessen Horowitz Fund IV, L.P.

Reported Derivative Transactions

Show Other Fields >>

Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Series E Preferred Stock	Disposition	2020-07-07	1,609,159	$0.00	3,354,507	$0.00
Common Stock	Warrant (Right to Buy)	Disposition	2020-07-07	354,658	$0.00	354,658	$0.00
Common Stock	Warrant (Right to Buy)	Disposition	2020-07-07	35,465	$0.00	35,465	$0.00
Common Stock	Series E Preferred Stock	Disposition	2020-07-07	695,764	$0.00	1,450,413	$0.00
Common Stock	Warrant (Right to Buy)	Disposition	2020-07-07	153,346	$0.00	153,346	$0.00
Common Stock	Warrant (Right to Buy)	Disposition	2020-07-07	15,334	$0.00	15,334	$0.00

Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
	No	4	C	Indirect
2026-07-26	No	4	X	Indirect
2028-03-16	No	4	X	Indirect
	No	4	C	Indirect
2026-07-26	No	4	X	Indirect
2028-03-16	No	4	X	Indirect

Footnotes

The Series E Preferred Stock automatically converted into shares of Common Stock of the Issuer on a 1:2.084634091 basis immediately upon closing of the Issuer's initial public offering and had no expiration date.
These shares are held of record by AH Parallel Fund IV, L.P., for itself and as nominee for AH Parallel Fund IV-A, L.P., AH Parallel Fund IV-B, L.P. and AH Parallel Fund IV-Q, L.P. (the "AH Parallel Fund IV Entities"). AH Equity Partners IV (Parallel), L.L.C. ("AH EP IV Parallel") is the general partner of the AH Parallel Fund IV Entities and has sole voting and dispositive power with regard to the shares held by the AH Parallel Fund IV Entities. The managing members of AH EP IV Parallel are Marc Andreessen and Benjamin Horowitz. Marc Andreessen and Benjamin Horowitz share voting and dispositive power with respect to the shares held by the AH Parallel Fund IV Entities.
Mr. Jordan is a member of the general partners of the Andreessen Horowitz Entities (as defined herein), but he disclaims the existence of a "group" and disclaims beneficial ownership of the shares held by the Andreessen Horowitz Entities and this report shall not be deemed an admission that he is the beneficial owner of such shares, except to the extent of his pecuniary interest, if any, in such shares by virtue of his interest in the Andreessen Horowitz Entities, and/or the general partner entities thereof, as applicable.
Upon closing of the Issuer's initial public offering, AH Parallel Fund IV, L.P. exercised a warrant to purchase 354,658 shares of the Issuer's Common Stock at an exercise price per share of $0.0005. AH Parallel Fund IV, L.P. paid the exercise price on a cashless basis, resulting in the Issuer withholding 9 shares subject to the warrant in order to pay the exercise price and issuing to AH Parallel Fund IV, L.P. the remaining 354,649 shares ofCommon Stock.
Upon closing of the Issuer's initial public offering, AH Parallel Fund IV, L.P. exercised a warrant to purchase 35,465 shares of the Issuer's Common Stock at an exercise price per share of $0.0005. AH Parallel Fund IV, L.P. paid the exercise price on a cashless basis, resulting in the Issuer withholding 1 share subject to the warrant in order to pay the exercise price and issuing to AH Parallel Fund IV, L.P. the remaining 35,464 shares of Common Stock.
These shares are held of record by Andreessen Horowitz Fund IV, L.P., for itself and as nominee for Andreessen Horowitz Fund IV-A, L.P., Andreessen Horowitz Fund IV-B, L.P. and Andreessen Horowitz Fund IV-Q, L.P. (the "AH Fund IV Entities" and together with the AH IV Parallel Entities, the "Andreessen Horowitz Entities"). AH Equity Partners IV, L.L.C. ("AH EP IV") is the general partner of the AH Fund IV Entities and has sole voting and dispositive power with regard to the shares held by the AH Fund IV Entities. The managing members of AH EP IV are Marc Andreessen and Benjamin Horowitz. Marc Andreessen and Benjamin Horowitz share voting and dispositive power with respect to the shares held by the AH Fund IV Entities.
Upon closing of the Issuer's initial public offering, Andreessen Horowitz Fund IV, L.P. exercised a warrant to purchase 153,346 shares of the Issuer's Common Stock at an exercise price per share of $0.0005. Andreessen Horowitz Fund IV, L.P. paid the exercise price on a cashless basis, resulting in the Issuer withholding 4 shares subject to the warrant in order to pay the exercise price and issuing to Andreessen Horowitz Fund IV, L.P. the remaining 153,342 shares of Common Stock.
Upon closing of the Issuer's initial public offering, Andreessen Horowitz Fund IV, L.P. exercised a warrant to purchase 15,334 shares of the Issuer's Common Stock at an exercise price per share of $0.0005. Andreessen Horowitz Fund IV, L.P. paid the exercise price on a cashless basis, resulting in the Issuer withholding 1 share subject to the warrant in order to pay the exercise price and issuing to Andreessen Horowitz Fund IV, L.P. the remaining 15,333 shares of Common Stock.
The shares subject to this warrant were fully vested prior to exercise.