[SCHEDULE 13G/A] Accolade, Inc. SEC Filing

Rhea-AI Filing Summary

This Schedule 13G/A discloses that The Goldman Sachs Group, Inc. and its subsidiary Goldman Sachs & Co. LLC jointly report beneficial ownership of Accolade, Inc. common stock totaling 65 shares. The cover pages show no sole voting or dispositive power, shared voting power of 44 and shared dispositive power of 65, and that the position represents 0.0% of the class and is held at the level of 5 percent or less. The filing includes a signed joint filing agreement authorizing each party to file amendments and an exhibit identifying Goldman Sachs & Co. LLC as a subsidiary broker/dealer and registered investment adviser of the GS Group. Item 10 certification states the holdings are held in the ordinary course of business and not to influence control.

Positive

• Aggregate beneficial ownership of 65 shares is clearly disclosed on the cover pages
• Item 10 certification affirms the securities are held in the ordinary course of business and not to influence control
• Joint filing agreement (Exhibit 99.1) authorizes each party to file amendments, providing procedural clarity

Negative

• No sole voting or dispositive power is reported, indicating limited ability to influence Accolade's corporate actions

Insights

Financial Analyst

TL;DR Small, passive holding of 65 shares (0.0%), non‑controlling and unlikely to affect Accolade's financials or governance.

The filing reports an aggregate beneficial position of 65 shares with no sole voting or dispositive power and a stated percent of class of 0.0%. As the schedule is filed under the passive 13G framework and Item 10 certifies the securities are not held to influence control, this position should be treated as non‑strategic and administratively reported. The joint filing and the Exhibit clarifying subsidiary status are standard for parent/subsidiary disclosures and ensure regulatory clarity regarding which entity holds/reporting the instruments.

Corporate Governance Expert

TL;DR Joint filing and certification indicate passive ownership; no evidence of intent or ability to control Accolade.

The Schedule 13G/A documents a joint filing by GS Group and Goldman Sachs & Co. LLC and includes a joint filing agreement that authorizes amendment filings on behalf of each party. Exhibit information identifies Goldman Sachs & Co. LLC as a subsidiary broker/dealer and registered investment adviser of the parent. Reported shared voting power of 44 and absence of sole powers, together with the explicit Item 10 certification, support the filers' stated passive posture and a neutral governance impact on Accolade.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)

ACCOLADE, INC.

(Name of Issuer)

Common Stock, $0.0001 par value per share

(Title of Class of Securities)

00437E102

(CUSIP Number)

06/30/2025

(Date of Event Which Requires Filing of 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)

SCHEDULE 13G

CUSIP No. 00437E102

1

Names of Reporting Persons

THE GOLDMAN SACHS GROUP, INC.

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

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 44.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 65.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

65.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

0.0 %

12

Type of Reporting Person (See Instructions)

HC, CO

SCHEDULE 13G

CUSIP No. 00437E102

1

Names of Reporting Persons

GOLDMAN SACHS & CO. LLC

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

NEW YORK

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 44.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 65.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

65.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

0.0 %

12

Type of Reporting Person (See Instructions)

BD, OO, IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: ACCOLADE, INC.
(b)	Address of issuer's principal executive offices: 660 W. GERMANTOWN PIKE SUITE 500, PLYMOUTH MEETING, PA, X1,19462
Item 2.
(a)	Name of person filing: THE GOLDMAN SACHS GROUP, INC.| GOLDMAN SACHS & CO. LLC
(b)	Address or principal business office or, if none, residence: The Goldman Sachs Group, Inc. 200 West Street New York, NY 10282| Goldman Sachs & Co. LLC 200 West Street New York, NY 10282
(c)	Citizenship: THE GOLDMAN SACHS GROUP, INC. - Delaware| GOLDMAN SACHS & CO. LLC - New York
(d)	Title of class of securities: Common Stock, $0.0001 par value per share
(e)	CUSIP No.: 00437E102
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: See the response(s) to Item 9 on the attached cover page(s).
(b)	Percent of class: See the response(s)to Item 11 on the attached cover page(s).
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: See the response(s) to Item 5 on the attached cover page(s).
	(ii) Shared power to vote or to direct the vote: See the response(s) to Item 6 on the attached cover page(s).
	(iii) Sole power to dispose or to direct the disposition of: See the response(s) to Item 7 on the attached cover page(s).
	(iv) Shared power to dispose or to direct the disposition of: See the response(s) to Item 8 on the attached cover page(s).
Item 5.	Ownership of 5 Percent or Less of a Class.
	Ownership of 5 percent or less of a class
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary. See Exhibit (99.2)
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

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, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

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

THE GOLDMAN SACHS GROUP, INC.

Signature:	Name: AMEEN SOETAN
Name/Title:	Attorney-in-fact
Date:	07/17/2025

GOLDMAN SACHS & CO. LLC

Signature:	Name: AMEEN SOETAN
Name/Title:	Attorney-in-fact
Date:	07/17/2025

Exhibit Information

EXHIBIT (99.1) JOINT FILING AGREEMENT In accordance with Rule 13d-1(k)(1) promulgated under the Securities Exchange Act of 1934, the undersigned agree to the joint filing of a Statement on Schedule 13G (including any and all amendments thereto) with respect to the Common Stock, $0.0001 par value per share, of ACCOLADE, INC. and further agree to the filing of this agreement as an Exhibit thereto. In addition, each party to this Agreement expressly authorizes each other party to this Agreement to file on its behalf any and all amendments to such Statement on Schedule 13G. Date: 07/17/2025 THE GOLDMAN SACHS GROUP, INC. By:/s/ AMEEN SOETAN ---------------------------------------- Name: AMEEN SOETAN Title: Attorney-in-fact GOLDMAN SACHS & CO. LLC By:/s/ AMEEN SOETAN ---------------------------------------- Name: AMEEN SOETAN Title: Attorney-in-fact EXHIBIT (99.2) ITEM 7 INFORMATION The securities being reported on by The Goldman Sachs Group, Inc. ("GS Group"), as a parent holding company, are owned, or may be deemed to be beneficially owned, by Goldman Sachs & Co. LLC ("Goldman Sachs"), a broker or dealer registered under Section 15 of the Act and an investment adviser registered under Section 203 of the Investment Advisers Act of 1940. Goldman Sachs is a subsidiary of GS Group.

FAQ

What did Goldman Sachs report for Accolade (ACCD)?

The filers report an aggregate beneficial ownership of 65 shares of Accolade common stock, with shared voting power of 44 and shared dispositive power of 65.

Is the reported position over 5% of ACCD?

No. The filing states ownership of 5 percent or less of a class and the reported percent of class is shown as 0.0%.

Who filed the Schedule 13G/A for ACCD?

The Schedule was jointly filed by The Goldman Sachs Group, Inc. and Goldman Sachs & Co. LLC.

Does the filing indicate an intent to influence control of Accolade?

No. Item 10 contains a certification that the securities are held in the ordinary course of business and were not acquired to change or influence control of the issuer.

What relationship between the filers is disclosed in the filing?

Exhibit details state that Goldman Sachs & Co. LLC is a subsidiary of The Goldman Sachs Group, Inc., and is identified as a broker/dealer and registered investment adviser.