0001127602-24-019986.txt : 20240703
0001127602-24-019986.hdr.sgml : 20240703
20240703093423
ACCESSION NUMBER: 0001127602-24-019986
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20240702
FILED AS OF DATE: 20240703
DATE AS OF CHANGE: 20240703
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Cavanaugh Robert N
CENTRAL INDEX KEY: 0001453957
ORGANIZATION NAME:
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-39348
FILM NUMBER: 241098426
MAIL ADDRESS:
STREET 1: 1601 CLOVERFIELD BLVD.
STREET 2: SUITE 620
CITY: SANTA MONICA
STATE: CA
ZIP: 90404
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: Accolade, Inc.
CENTRAL INDEX KEY: 0001481646
STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-BUSINESS SERVICES, NEC [7389]
ORGANIZATION NAME: 07 Trade & Services
IRS NUMBER: 432117836
STATE OF INCORPORATION: DE
FISCAL YEAR END: 0228
BUSINESS ADDRESS:
STREET 1: 660 W. GERMANTOWN PIKE SUITE 500
CITY: PLYMOUTH MEETING
STATE: PA
ZIP: 19462
BUSINESS PHONE: 610-834-2989
MAIL ADDRESS:
STREET 1: 660 W. GERMANTOWN PIKE SUITE 500
CITY: PLYMOUTH MEETING
STATE: PA
ZIP: 19462
FORMER COMPANY:
FORMER CONFORMED NAME: Accolade LLC
DATE OF NAME CHANGE: 20100121
4
1
form4.xml
PRIMARY DOCUMENT
X0508
4
2024-07-02
0001481646
Accolade, Inc.
ACCD
0001453957
Cavanaugh Robert N
C/O ACCOLADE, INC.
SEATTLE
WA
98101
1
President
0
Common Stock
2024-07-02
4
M
0
1568
A
191331
D
Common Stock
2024-07-02
4
S
0
457
3.541
D
190874
D
Restricted Stock Units
2024-07-02
4
M
0
1568
D
Common Stock
1568
36075
D
Each Restricted Stock Unit ("RSU") converted into one share of the Issuer's common stock.
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.
Each RSU represents the contingent right to receive one share of the Issuer's common stock.
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.
/s/ Richard Eskew, Attorney-in-Fact
2024-07-03