Singh Rajeev's Form 4/A amendment
AmendedAccolade, Inc. (ACCD) · filed Aug 18, 2022
- Accession no.
- 0001127602-22-021300
- Filed
- Aug 18, 2022
- Trade date
- Aug 16-17, 2022
- Filing delay
- 2 days
- Rule 10b5-1 plan
- Not on the form (before 2023)
- Original filed
- Aug 18, 2022
This filing lists 2 non-derivative transactions and 1 derivative transaction. Open-market sales total $2.88K. It was filed 2 days after the trade.
This amendment replaces 0001127602-22-021289 (filed Aug 18, 2022).
Reporting owners
A Form 4 can have several reporting owners, such as a person and a fund they control. Trade tables show the first one.
| Owner | Relationship to the company |
|---|---|
| Singh RajeevCIK 0001219071 | Director, Officer (Chief Executive Officer) |
Non-derivative securities (Table I)
Acquisitions and disposals of common stock and similar shares, one row per line on the filing.
| Trade date | Security | Transaction | Shares | Price | Value | Shares after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Aug 16, 2022 | Common Stock | MOption exerciseAcquired | +933 | –F1 | – | 150,630 | Direct | |
| Aug 17, 2022 | Common Stock | SSaleDisposed | −236 | $12.19 | −$2,876.84 | 150,394 | Direct |
Derivative securities (Table II)
Options, warrants, restricted stock units and similar. Shares are the underlying shares; price and value are for the derivative itself, and the holding after is in derivative units.
| Trade date | Security | Transaction | Underlying shares | Unit price | Value | Held after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Aug 16, 2022 | Common Stock | MOption exerciseDisposed | −933 | –F4 | – | 31,717 | Direct |
Footnotes and remarks
Livermore keeps the footnotes that transaction prices refer to, all footnotes of amendments (Form 4/A) and the filing's remarks. Other footnotes, such as how indirect holdings are held or the details of a trading plan, are only in the original on SEC EDGAR.
- F1
The Reporting Person was granted restricted stock units ("RSUs"), which represent a contingent right to receive one share of Common Stock for each RSU. 25% of the RSUs vested on June 16, 2022, and additional RSUs will vest monthly thereafter 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.
Referenced by the price of 1 transaction in Table I.
- F2
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.
- F3
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.
- F4
Each RSU represents a contingent right to receive one share of the Issuer's Common Stock.
Referenced by the price of 1 transaction in Table II.
- F5
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.
- F6
The original Form 4, filed on August 18, 2022, is being amended by this Form 4/A solely to correct an administrative error, which reflected an incorrect balance in Table II, Box 9, for the subject Restricted Stock Units. This Form 4/A corrects such balance in Table II, Box 9.