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Filing Details

Accession Number:: 0001209191-20-041830
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2020-07-08 20:25:07
Reporting Period:: 2020-07-07

Accepted Time:: 2020-07-08 20:25:07
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1481646	Accolade Inc.	ACCD	Services-Business Services, Nec (7389)	432117836

Insiders

Cik	Name	Reported Address	Director	Officer	Large Shareholder	Other
1603197	Ah Parallel Fund Iv, L.p.	2865 Sand Hill Road Suite 101 Menlo Park CA 94025	No	No	Yes	No
1603403	Ah Equity Partners Iv, L.l.c.	2865 Sand Hill Road Suite 101 Menlo Park CA 94025	No	No	Yes	No
1603419	Ah Equity Partners Iv (Parallel), L.l.c.	2865 Sand Hill Road Suite 101 Menlo Park CA 94025	No	No	Yes	No
1604859	Ah Parallel Fund Iv-A, L.p.	2865 Sand Hill Road Suite 101 Menlo Park CA 94025	No	No	Yes	No
1604860	Ah Parallel Fund Iv-B, L.p.	2865 Sand Hill Road Suite 101 Menlo Park CA 94025	No	No	Yes	No
1604861	Ah Parallel Fund Iv-Q, L.p.	2865 Sand Hill Road Suite 101 Menlo Park CA 94025	No	No	Yes	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	3,354,507	$0.00	3,389,507	No	4	C	Indirect	By AH Parallel Fund IV, L.P.
Common Stock	Acquisiton	2020-07-07	354,658	$0.00	3,744,165	No	4	X	Indirect	By AH Parallel Fund IV, L.P.
Common Stock	Disposition	2020-07-07	9	$22.00	3,744,156	No	4	S	Indirect	By AH Parallel Fund IV, L.P.
Common Stock	Acquisiton	2020-07-07	35,465	$0.00	3,779,621	No	4	X	Indirect	By AH Parallel Fund IV, L.P.
Common Stock	Disposition	2020-07-07	1	$22.00	3,779,620	No	4	S	Indirect	By AH Parallel Fund IV, L.P.

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	C	Indirect	By AH Parallel Fund IV, L.P.
No	4	X	Indirect	By AH Parallel Fund IV, L.P.
No	4	S	Indirect	By AH Parallel Fund IV, L.P.
No	4	X	Indirect	By AH Parallel Fund IV, L.P.
No	4	S	Indirect	By AH Parallel Fund IV, L.P.

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	1,609,159	$0.00	3,354,507	$0.00
Common Stock	Warrant (Right to Buy)	Disposition	2020-07-07	354,658	$0.00	354,658	$0.00
Common Stock	Warrant (Right to Buy)	Disposition	2020-07-07	35,465	$0.00	35,465	$0.00

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

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.
These securities are held of record by AH Parallel Fund IV, L.P., for itself and as nominee for AH Parallel Fund IV-A, L.P., AH Parallel Fund IV- B, L.P., and AH Parallel Fund IV-Q, L.P. (collectively the "AH Parallel Fund IV Entities"). AH Equity Partners IV (Parallel), L.L.C. ("AH EP IV Parallel") is the general partner of the AH Parallel Fund IV Entities and has sole voting and dispositive power with regard to the securities held by the AH Parallel Fund IV Entities. The managing members of AH EP IV Parallel are Marc Andreessen and Benjamin Horowitz. Marc Andreessen and Benjamin Horowitz share voting and dispositive power with respect to the securities held by the AH Parallel Fund IV Entities.
(Continued from Footnote 3) Such persons and entities disclaim the existence of a "group" and disclaim beneficial ownership of the securities held by the AH Parallel Fund IV Entities and this report shall not be deemed an admission that any such person is the beneficial owner of such securities, except to the extent of his or its pecuniary interest, if any, in such securities by virtue of his or its interest in the AH Parallel Fund IV Entities and/or AH EP IV Parallel, as applicable.
Upon closing of the Issuer's initial public offering, AH Parallel Fund IV, L.P. exercised a warrant to purchase 354,658 shares of the Issuer's Common Stock at an exercise price per share of $0.0005. AH Parallel Fund IV, L.P. paid the exercise price on a cashless basis, resulting in the Issuer withholding 9 shares subject to the warrant in order to pay the exercise price and issuing to AH Parallel Fund IV, L.P. the remaining 354,649 shares of Common Stock.
Upon closing of the Issuer's initial public offering, AH Parallel Fund IV, L.P. exercised a warrant to purchase 35,465 shares of the Issuer's Common Stock at an exercise price per share of $0.0005. AH Parallel Fund IV, L.P. 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 AH Parallel Fund IV, L.P. the remaining 35,464 shares of Common Stock.
The shares subject to this warrant are fully vested.