Rajeev Singh - Jan 9, 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 9, 2024
Transactions value $: -$1,119,930
Form type: 4
Date filed: 1/11/2024, 06:14 PM
Previous filing: Dec 20, 2023
Next filing: Jan 12, 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ACCD	Common Stock	Sale	-$543K	-36.2K	-4.88%	$15.00	705K	Jan 9, 2024	Direct	F2, F3
transaction	ACCD	Common Stock	Options Exercise	$152K	+36.2K	+5.13%	$4.20	741K	Jan 9, 2024	Direct	F2
transaction	ACCD	Common Stock	Options Exercise	$283K	+67.3K	+9.07%	$4.20	809K	Jan 10, 2024	Direct	F2
transaction	ACCD	Common Stock	Sale	-$1.01M	-67.3K	-8.32%	$15.03	741K	Jan 10, 2024	Direct	F2, F4
holding	ACCD	Common Stock						652K	Jan 9, 2024	By Avanti Holdings, LLC	F1

Showing 1 to 5 of 5 entries

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	-36.2K	-3.52%	$0.00	994K	Jan 9, 2024	Common Stock	36.2K	$4.20	Direct	F5
transaction	ACCD	Stock Option (Right to Buy)	Options Exercise	$0	-67.3K	-6.77%	$0.00	926K	Jan 10, 2024	Common Stock	67.3K	$4.20	Direct	F5

* 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 $15.03. 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	This sale price represents a weighted average price. These shares were sold in multiple transactions at prices within the range of $15.00 to $15.29. 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.
F5	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.