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