Rajeev Singh - Jan 11, 2024 Form 4 Insider Report for Accolade, Inc. (ACCD)

Role
Chief Executive Officer, Director
Signature
/s/ Richard Eskew, Attorney-in-Fact
Stock symbol
ACCD
Transactions as of
Jan 11, 2024
Transactions value $
-$233,000
Form type
4
Date filed
1/12/2024, 11:29 AM
Previous filing
Jan 12, 2024
Next filing
Jan 18, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ACCD Common Stock Options Exercise $90.4K +21.5K +2.9% $4.20 764K Jan 11, 2024 Direct F2
transaction ACCD Common Stock Sale -$323K -21.5K -2.82% $15.02 742K Jan 11, 2024 Direct F2, F3
holding ACCD Common Stock 652K Jan 11, 2024 By Avanti Holdings, LLC F1

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 Stock Option (Right to Buy) Options Exercise $0 -21.5K -2.32% $0.00 905K Jan 11, 2024 Common Stock 21.5K $4.20 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 The Reporting Person is a partner of Avanti Holdings, LLC and has voting and investment power with respect to the securities held by Avanti Holdings, LLC.
F2 These stock option exercises and related sales were made pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on July 20, 2023.
F3 This sale price represents a weighted average price. These shares were sold in multiple transactions at prices within the range of $15.00 to $15.21. The Reporting Person undertakes to provide to the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range(s) set forth in this footnote of this Form 4.
F4 The shares subject to this option shall vest at a rate of twenty-five percent of the total number of shares on the one-year anniversary of October 30, 2015 (the "October 2015 Vesting Commencement Date") and 1/48th of the total number of shares each monthly anniversary of the October 2015 Vesting Commencement Date thereafter for so long as the Reporting Person remains an employee or consultant of the Issuer, such that the total number of shares shall be fully vested on the four-year anniversary of the October 2015 Vesting Commencement Date.