SCHEDULE: Greenhouse Funds Discloses 6.5% Stake in Phreesia
Beneficial Ownership Disclosure
Greenhouse Funds LLLP, along with Greenhouse GP LLC and Joseph Milano, reported a 6.5% beneficial ownership stake in Phreesia, Inc. common stock.
Summary
- Greenhouse Funds LLLP, Greenhouse GP LLC, and Joseph Milano collectively reported beneficial ownership of 3,882,527 shares of Phreesia, Inc. common stock.
- This ownership represents 6.5% of Phreesia, Inc.'s outstanding common stock.
- The reporting persons share voting power over 3,489,789 shares and shared dispositive power over 3,882,527 shares.
- The securities were acquired in the ordinary course of business and not for the purpose of changing or influencing the control of Phreesia, Inc.
- All reported securities are directly owned by advisory clients of Greenhouse Funds LLLP, with no single client beneficially owning more than 5% of the common stock.
Sentiment
Score: 5
Explanation: The filing is a standard beneficial ownership disclosure (Schedule 13G Amendment No. 1) and does not contain information that inherently indicates a positive or negative sentiment towards the issuer's performance or prospects. It merely reports a significant ownership stake by an institutional investor group.
Positives
- The disclosure of a significant institutional investor stake (6.5%) can signal confidence in the company's prospects.
- The filing explicitly states that the stake was not acquired for the purpose of changing or influencing control, suggesting a passive investment approach.
Risks
- The reporting persons disclaim beneficial ownership of the reported securities except to the extent of their pecuniary interest, which may indicate a complex ownership structure or limited direct control over the shares.
Stakeholder Impact
- Shareholders: The disclosure of a significant institutional holder may provide a level of confidence or stability regarding the company's stock.
Key Dates
| Date | Description |
|---|---|
| 09/30/2025 | Date of event which required the filing of this statement. |
| 11/13/2025 | Date of signing of the Schedule 13G Amendment No. 1. |
Keywords
Phreesia, PHR, Greenhouse Funds, beneficial ownership, institutional ownership, Schedule 13G, common stock, investment adviser
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