0001127602-24-019980.txt : 20240703
0001127602-24-019980.hdr.sgml : 20240703
20240703092759
ACCESSION NUMBER: 0001127602-24-019980
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20240701
FILED AS OF DATE: 20240703
DATE AS OF CHANGE: 20240703
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: McHugh Colin
CENTRAL INDEX KEY: 0001983513
ORGANIZATION NAME:
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-39348
FILM NUMBER: 241098409
MAIL ADDRESS:
STREET 1: C/O ACCOLADE, INC.
STREET 2: 660 W. GERMANTOWN PIKE, SUITE 500
CITY: PLYMOUTH MEETING
STATE: PA
ZIP: 19462
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
2024-07-01
0001481646
Accolade, Inc.
ACCD
0001983513
McHugh Colin
C/O ACCOLADE, INC.
1201 3RD AVE, SUITE 1700
SEATTLE
WA
98101
1
Chief Accounting Officer
0
Common Stock
2024-07-01
4
M
0
145
A
50322
D
Common Stock
2024-07-01
4
M
0
1388
A
51710
D
Common Stock
2024-07-02
4
S
0
523
3.541
D
51187
D
Restricted Stock Units
2024-07-01
4
M
0
145
D
Common Stock
145
1597
D
Restricted Stock Units
2024-07-01
4
M
0
1388
D
Common Stock
1388
31946
D
Each restricted stock unit ("RSU") converted into one share of 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 a contingent right to receive one share of the Issuer's Common Stock.
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.
The Reporting Person was granted restricted stock units ("RSUs") on June 26, 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