Amendment: SEC Form SC 13G/A filed by Accolade Inc.

 

 

United States

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

 

SCHEDULE 13G

Under the Securities Exchange Act of 1934

(Amendment No. 2)*

 

 

Accolade, Inc.

(Name of Issuer)

Common Stock

(Title of Class of Securities)

00437E102

(CUSIP Number)

September 30, 2024

(Date of Event Which Requires Filing This Statement)

 

 

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

☒ Rule 13d-1(b)

☐ Rule 13d-1(c)

☐ Rule 13d-1(d)

 

*	The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 

 

 

CUSIP No. 00437E102

 

1.		Names of Reporting Persons   Bellevue Group AG
2.		Check the Appropriate Box if a Member of a Group (See Instructions) (a) ☒  (b) ☐
3.		SEC Use Only
4.		Citizenship or Place of Organization   Switzerland

Number of Shares Beneficially   Owned by Each Reporting Person with:		5.		Sole Voting Power   0
		6.		Shared Voting Power   640,865
		7.		Sole Dispositive Power   0
		8.		Shared Dispositive Power   640,865

9.		Aggregate Amount Beneficially Owned by Each Reporting Person   640,865
10.		Check if the Aggregate Amount in Row (9) Excludes Certain Shares   ☐
11.		Percent of Class Represented by amount in Row (9)   0.8%
12.		Type of Reporting Person (See Instructions)   CO, HC

CUSIP No. 00437E102

 

1.		Names of Reporting Persons   Bellevue Asset Management AG
2.		Check the Appropriate Box if a Member of a Group (See Instructions) (a) ☒  (b) ☐
3.		SEC Use Only
4.		Citizenship or Place of Organization   Switzerland

Number of Shares Beneficially   Owned by Each Reporting Person with:		5.		Sole Voting Power   0
		6.		Shared Voting Power   640,865
		7.		Sole Dispositive Power   0
		8.		Shared Dispositive Power   640,865

9.		Aggregate Amount Beneficially Owned by Each Reporting Person   640,865
10.		Check if the Aggregate Amount in Row (9) Excludes Certain Shares   ☐
11.		Percent of Class Represented by amount in Row (9)   0.8%
12.		Type of Reporting Person (See Instructions)   CO, HC, FI

CUSIP No. 00437E102

 

1.		Names of Reporting Persons   Bellevue Asset Management (UK) Ltd.
2.		Check the Appropriate Box if a Member of a Group (See Instructions) (a) ☒  (b) ☐
3.		SEC Use Only
4.		Citizenship or Place of Organization   England and Wales

Number of Shares Beneficially   Owned by Each Reporting Person with:		5.		Sole Voting Power   0
		6.		Shared Voting Power   0
		7.		Sole Dispositive Power   0
		8.		Shared Dispositive Power   0

9.		Aggregate Amount Beneficially Owned by Each Reporting Person   0
10.		Check if the Aggregate Amount in Row (9) Excludes Certain Shares   ☐
11.		Percent of Class Represented by amount in Row (9)   0.0%
12.		Type of Reporting Person (See Instructions)   FI

Item 1.

1(a) Name of Issuer: Accolade, Inc.

1(b) Address of Issuer’s Principal Executive Offices:

1201 Third Avenue, Suite 1700, Seattle, Washington 98101

Item 2.

2(a) Name of Person Filing: Bellevue Group AG (“Bellevue Group”) on behalf of its wholly-owned subsidiaries, Bellevue Asset Management (UK) Ltd. (“BAM UK”) and Bellevue Asset Management AG (“BAM,” and together with Bellevue Group and BAM UK, the “Reporting Persons”).

2(b) Address of Principal Business Office or, if none, Residence:

Bellevue Group: Seestrasse 16, Kuesnacht, Switzerland, CH-8700

BAM:     Seestrasse 16, Kuesnacht, Switzerland, CH-8700

BAM UK:   32 London Bridge Street, 24th Floor, London, England SE1 9SG

2(c) Citizenship:

Bellevue Group AG: Switzerland

Bellevue Asset Management AG: Switzerland

Bellevue Asset Management (UK) Ltd.: England and Wales

2(d) Title of Class of Securities: Common Stock

2(e) CUSIP Number: 00437E102

Item 4. Ownership

The information required by Items 4(a) - (c) is set forth in Rows 5 - 11 of the cover page for each of the Reporting Persons and is incorporated herein by reference.

Item 5. Ownership of Five Percent or Less of a Class

If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following: ☒

Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person.

This statement is filed jointly by Bellevue Group, BAM and BAM UK. BAM UK is a wholly-owned subsidiary of BAM. Each of BAM UK and BAM is a wholly-owned subsidiary of Bellevue Group.

Item 10. Certification

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.

By signing below I also certify that, to the best of my knowledge and belief, the foreign regulatory scheme applicable to investment advisers and investment companies is substantially comparable to the regulatory scheme applicable to the functionally equivalent U.S. institution(s). I also undertake to furnish to the Commission staff, upon request, information that would otherwise be disclosed in a Schedule 13D.

SIGNATURES

After reasonable inquiry and the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Bellevue Group AG

 

Date: November 14, 2024				By:		/s/ Stefano Montalbano
						Signatory Authority
				Name:		Stefano Montalbano
				Title:		Chief Financial Officer
Date: November 14, 2024				By:		/s/ Christoph Eisenring
						Signatory Authority
				Name:		Christoph Eisenring
				Title:		Head Legal & Compliance
Bellevue Asset Management AG
Date: November 14, 2024				By:		/s/ Martin Gubler
						Signatory Authority
				Name:		Martin Gubler
				Title:		Chief Financial Officer
Date: November 14, 2024				By:		/s/ Ivo Betschart
						Signatory Authority
				Name:		Ivo Betschart
				Title:		Chief Finance & Controlling

Bellevue Asset Management (UK) Ltd.

 

Date: November 14, 2024				By:		/s/ Markus Peter
						Signatory Authority
				Name:		Markus Peter
				Title:		Director

Exhibit Index

Exhibit A: Agreement among Bellevue Group AG, Bellevue Asset Management AG and Bellevue Asset Management (UK) Ltd. with respect to the filing of this disclosure statement.*

 

*	Previously filed as an exhibit to Bellevue Group AG, Bellevue Asset Management AG and Bellevue Asset Management (UK) Ltd.’s Schedule 13G filed with the Securities and Exchange Commission on February 14, 2023.

 

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