Form 4: Phreesia CEO Chaim Indig Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Phreesia's CEO, Chaim Indig, disposed of 21,692 shares of common stock to cover tax withholding obligations related to the settlement of restricted stock units.
Summary
- Chaim Indig, CEO of Phreesia, Inc., reported changes in beneficial ownership of the company's stock.
- On January 21, 2025, Indig sold 21,692 shares of common stock at a weighted average price of $27.3107 per share.
- The sale was conducted to cover tax withholding obligations related to the settlement of restricted stock units.
- Following the transaction, Indig directly owns 1,237,538 shares of Phreesia common stock.
- Additionally, 255,000 shares are indirectly held through the Indig Dynasty Trust, where Indig's immediate family members are the sole beneficiaries.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the transaction is a routine sale to cover tax obligations and doesn't inherently reflect a positive or negative view of the company's future.
Industry Context
Executive stock sales are a common occurrence and are often related to personal financial planning or tax obligations. The sale itself doesn't necessarily indicate a negative outlook for the company.
Key Dates
| Date | Description |
|---|---|
| 01/21/2025 | Date of stock sale transaction. |
| 01/22/2025 | Date of signature for the Form 4 filing. |
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