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Filing Details

Accession Number:: 0001209191-20-041791
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2020-07-08 17:37:51
Reporting Period:: 2020-07-07

Accepted Time:: 2020-07-08 17:37:51
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1481646	Accolade Inc.	ACCD	()	DE

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1079179	W Michael Hilton	C/O Accolade, Inc. 1201 Third Avenue, Suite 1700 Seattle WA 98101	Chief Product Officer	No	Yes	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Acquisiton	2020-07-07	174,723	$0.00	174,723	No	4	C	Indirect	By Hilton Family Trust
Common Stock	Acquisiton	2020-07-07	20,320	$0.00	195,043	No	4	X	Indirect	By Hilton Family Trust
Common Stock	Disposition	2020-07-07	1	$22.00	195,042	No	4	S	Indirect	By Hilton Family Trust
Common Stock	Acquisiton	2020-07-07	87,360	$0.00	122,791	No	4	C	Direct
Common Stock	Acquisiton	2020-07-07	1,303	$0.00	124,094	No	4	X	Direct
Common Stock	Disposition	2020-07-07	1	$22.00	124,093	No	4	S	Direct
Common Stock	Acquisiton	2020-07-07	859	$0.00	124,952	No	4	X	Direct
Common Stock	Disposition	2020-07-07	1	$22.00	124,951	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	C	Indirect	By Hilton Family Trust
No	4	X	Indirect	By Hilton Family Trust
No	4	S	Indirect	By Hilton Family Trust
No	4	C	Direct
No	4	X	Direct
No	4	S	Direct
No	4	X	Direct
No	4	S	Direct

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Series E Preferred Stock	Disposition	2020-07-07	83,815	$0.00	174,723	$0.00
Common Stock	Warrant (Right to Buy)	Disposition	2020-07-07	20,320	$0.00	20,320	$0.00
Common Stock	Series E Preferred Stock	Disposition	2020-07-07	41,907	$0.00	87,360	$0.00
Common Stock	Warrant (Right to Buy)	Disposition	2020-07-07	1,303	$0.00	1,303	$0.00
Common Stock	Warrant (Right to Buy)	Disposition	2020-07-07	859	$0.00	859	$0.00

Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
	No	4	C	Indirect
2028-03-16	No	4	X	Indirect
	No	4	C	Direct
2026-07-26	No	4	X	Direct
2028-07-31	No	4	X	Direct

Footnotes

The Series E Preferred Stock automatically converted into shares of Common Stock of the Issuer on a 1:2.084634091 basis immediately upon closing of the Issuer's initial public offering and had no expiration date.
The Reporting Person is a trustee of the Hilton Family Trust and has voting and investment power with respect to the securities held by the Hilton Family Trust.
Upon closing of the Issuer's initial public offering, the Hilton Family Trust exercised a warrant to purchase 20,320 shares of the Issuer's Common Stock at an exercise price per share of $0.0005. The Hilton Family Trust paid the exercise price on a cashless basis, resulting in the Issuer withholding 1 share subject to the warrant in order to pay the exercise price and issuing to the Hilton Family Trust the remaining 20,319 shares of Common Stock.
Upon closing of the Issuer's initial public offering, the Reporting Person exercised a warrant to purchase 1,303 shares of the Issuer's Common Stock at an exercise price per share of $0.0005. The Reporting person paid the exercise price on a cashless basis, resulting in the Issuer withholding 1 share subject to the warrant in order to pay the exercise price and issuing to the Reporting Person the remaining 1,302 shares of Common Stock.
Upon closing of the Issuer's initial public offering, the Reporting Person exercised a warrant to purchase 859 shares of the Issuer's Common Stock at an exercise price per share of $0.0005. The Reporting person paid the exercise price on a cashless basis, resulting in the Issuer withholding 1 share subject to the warrant in order to pay the exercise price and issuing to the Reporting Person the remaining 858 shares of Common Stock.
The shares subject to this warrant were fully vested prior to exercise.