Filing Details
- Accession Number:
- 0001209191-20-041831
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2020-07-08 20:27:09
- Reporting Period:
- 2020-07-07
- Accepted Time:
- 2020-07-08 20:27:09
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 1481646 | Accolade Inc. | ACCD | () | 4 |
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1160077 | L Marc Andreessen | 2865 Sand Hill Road Suite 101 Menlo Park CA 94025 | No | No | Yes | No | |
| 1166586 | A Benjamin Horowitz | 2865 Sand Hill Road Suite 101 Menlo Park CA 94025 | No | No | Yes | No | |
| 1603198 | Andreessen Horowitz Fund Iv, L.p. | 2865 Sand Hill Road Suite 101 Menlo Park CA 94025 | No | No | Yes | No | |
| 1604853 | Andreessen Horowitz Fund Iv-A, L.p. | 2865 Sand Hill Road Suite 101 Menlo Park CA 94025 | No | No | Yes | No | |
| 1604855 | Andreessen Horowitz Fund Iv-B, L.p. | 2865 Sand Hill Road Suite 101 Menlo Park CA 94025 | No | No | Yes | No | |
| 1604857 | Andreessen Horowitz Fund Iv-Q, L.p. | 2865 Sand Hill Road Suite 101 Menlo Park CA 94025 | No | No | Yes | No |
Reported Non-Derivative Transactions
| 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 | 1,450,413 | $0.00 | 1,450,413 | No | 4 | C | Indirect | By Andreessen Horowitz Fund IV, L.P. |
| Common Stock | Acquisiton | 2020-07-07 | 153,346 | $0.00 | 1,603,759 | No | 4 | X | Indirect | By Andreessen Horowitz Fund IV, L.P. |
| Common Stock | Disposition | 2020-07-07 | 4 | $22.00 | 1,603,755 | No | 4 | S | Indirect | By Andreessen Horowitz Fund IV, L.P. |
| Common Stock | Acquisiton | 2020-07-07 | 15,334 | $0.00 | 1,619,089 | No | 4 | X | Indirect | By Andreessen Horowitz Fund IV, L.P. |
| Common Stock | Disposition | 2020-07-07 | 1 | $22.00 | 1,619,088 | No | 4 | S | Indirect | By Andreessen Horowitz Fund IV, L.P. |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | C | Indirect | By Andreessen Horowitz Fund IV, L.P. |
| No | 4 | X | Indirect | By Andreessen Horowitz Fund IV, L.P. |
| No | 4 | S | Indirect | By Andreessen Horowitz Fund IV, L.P. |
| No | 4 | X | Indirect | By Andreessen Horowitz Fund IV, L.P. |
| No | 4 | S | Indirect | By Andreessen Horowitz Fund IV, L.P. |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Common Stock | Series E Preferred Stock | Disposition | 2020-07-07 | 695,764 | $0.00 | 1,450,413 | $0.00 |
| Common Stock | Warrant (Right to Buy) | Disposition | 2020-07-07 | 153,346 | $0.00 | 153,346 | $0.00 |
| Common Stock | Warrant (Right to Buy) | Disposition | 2020-07-07 | 15,334 | $0.00 | 15,334 | $0.00 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 0 | No | 4 | C | Indirect | ||
| 0 | 2026-07-26 | No | 4 | X | Indirect | |
| 0 | 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 Andreessen Horowitz Fund IV, L.P., for itself and as nominee for Andreessen Horowitz Fund IV-A, L.P., Andreessen Horowitz Fund IV-B, L.P. and Andreessen Horowitz Fund IV-Q, L.P. (collectively the "AH Fund IV Entities"). AH Equity Partners IV,L.L.C. ("AH EP IV") is the general partner of the AH Fund IV Entities and has sole voting and dispositive power with regard to the securities held by the AH Fund IV Entities. The managing members of AH EP IV 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 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 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 Fund IV Entities and/or AH EP IV, as applicable.
- Upon closing of the Issuer's initial public offering, Andreessen Horowitz Fund IV, L.P. exercised a warrant to purchase 153,346 shares of the Issuer's Common Stock at an exercise price per share of $0.0005. Andreessen Horowitz Fund IV, L.P. paid the exercise price on a cashless basis, resulting in the Issuer withholding 4 shares subject to the warrant in order to pay the exercise price and issuing to Andreessen Horowitz Fund IV, L.P. the remaining 153,342 shares of Common Stock.
- Upon closing of the Issuer's initial public offering, Andreessen Horowitz Fund IV, L.P. exercised a warrant to purchase 15,334 shares of the Issuer's Common Stock at an exercise price per share of $0.0005. Andreessen Horowitz 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 Andreessen Horowitz Fund IV, L.P. the remaining 15,333 shares of Common Stock.
- The shares subject to this warrant were fully vested prior to exercise.
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