SCHEDULE: Brown Advisory Group Amends Phreesia Stake, Reports 4.3% Beneficial Ownership

Brown Advisory Inc. and its affiliates have filed an Amendment No. 4 to their Schedule 13G, disclosing a beneficial ownership of 4.3% in Phreesia, Inc. Common Stock as of June 30, 2025.

Summary

• Brown Advisory Inc., along with its subsidiaries Brown Investment Advisory & Trust Co., Brown Advisory LLC, and Signature Financial Management, Inc., collectively reported beneficial ownership of 2,519,387 shares of Phreesia, Inc. Common Stock.
• This aggregate ownership represents 4.3% of the class of Phreesia, Inc. Common Stock.
• Brown Advisory Inc. holds sole voting power over 2,049,185 shares and shared dispositive power over 2,519,387 shares.
• Brown Advisory LLC holds sole voting power over 2,033,262 shares and shared dispositive power over 2,502,364 shares.
• Brown Investment Advisory & Trust Co. holds sole voting power over 15,162 shares and shared dispositive power over 15,162 shares.
• Signature Financial Management, Inc. holds sole voting power over 761 shares and shared dispositive power over 1,861 shares.
• The filing certifies that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of Phreesia, Inc.

Sentiment

Score: 5

Explanation: The document is a factual disclosure of beneficial ownership and does not contain information that would inherently indicate positive or negative sentiment regarding the company's performance or outlook.

Positives

• NA

Negatives

• NA

Risks

• NA

Future Outlook

NA

Industry Context

This filing is a routine disclosure of beneficial ownership by an investment management firm, Brown Advisory, in a healthcare technology company, Phreesia, Inc. It reflects a passive investment stake, common among institutional investors in the broader market.

Stakeholder Impact

• Shareholders: Provides transparency regarding significant institutional ownership stakes in Phreesia, Inc.

Key Dates

Keywords

Phreesia Inc, Brown Advisory, Schedule 13G, Beneficial Ownership, Common Stock, Investment Adviser, SEC Filing, Institutional Ownership