Filing Details

Accession Number:
0001127602-24-019982
Form Type:
4
Zero Holdings:
No
Publication Time:
2024-07-03 09:30:38
Reporting Period:
2024-07-01
Accepted Time:
2024-07-03 09:30:38
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1481646 Accolade Inc. ACCD Services-Business Services, Nec (7389) 432117836
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1970353 Richard Eskew C/O Accolade, Inc.
1201 Third Avenue, Suite 1700
Seattle WA 98101
Evp General Counsel No Yes No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock Acquisiton 2024-07-01 389 $0.00 48,867 No 4 M Direct
Common Stock Acquisiton 2024-07-01 757 $0.00 49,624 No 4 M Direct
Common Stock Disposition 2024-07-02 345 $3.54 49,279 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 M Direct
No 4 M Direct
No 4 S Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Common Stock Restricted Stock Units Disposition 2024-07-01 389 $0.00 389 $0.00
Common Stock Restricted Stock Units Disposition 2024-07-01 757 $0.00 757 $0.00
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
4,276 No 4 M Direct
17,416 No 4 M Direct
Footnotes
  1. Each restricted stock unit ("RSU") converted into one share of Common Stock.
  2. 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.
  3. Each RSU represents a contingent right to receive one share of the Issuer's Common Stock.
  4. 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.
  5. The Reporting Person was granted restricted stock units ("RSUs") on June 27, 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.