Robert N. Cavanaugh - 16 Jun 2021 Form 4 Insider Report for Accolade, Inc. (ACCD)

Role
President
Signature
/s/ Richard Eskew, Attorney-in-Fact
Issuer symbol
ACCD
Transactions as of
16 Jun 2021
Transactions value $
$2,613,218
Form type
4
Filing time
21 Jun 2021, 15:28:11 UTC
Previous filing
10 Jun 2021
Next filing
18 Oct 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding ACCD Common Stock 137,107 16 Jun 2021 Direct 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 Restricted Stock Units Award +24,478 24,478 16 Jun 2021 Common Stock 24,478 Direct F2, F3
transaction ACCD Stock Option (Right to Buy) Award $2,613,217 +48,955 $53.38* 48,955 16 Jun 2021 Common Stock 48,955 $53.38 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes 641 shares that were acquired under the Issuer's 2020 Employee Stock Purchase Plan on May 21, 2021 in a transaction exempt under Rule 16b-3(c).
F2 Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's Common Stock.
F3 The shares subject to this RSU shall vest at a rate of twenty-five percent of the total number of shares on the one-year anniversary of June 16, 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 provides continuous service to 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.
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 June 16, 2021 (the "June Vesting Commencement Date") and 1/48th of the total number of shares each monthly anniversary of the June Vesting Commencement Date thereafter for so long as the Reporting Person provides continuous service to the Issuer, such that the total number of shares shall be fully vested on the four-year anniversary of the June Vesting Commencement Date.