Form 4: Phreesia CEO Chaim Indig Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Phreesia's CEO, Chaim Indig, disposed of 5,295 shares of common stock to cover tax withholding obligations related to the settlement of restricted stock units.
Summary
- On September 10, 2024, Chaim Indig, the CEO of Phreesia, Inc., sold 5,295 shares of common stock at a weighted average price of $23.2502 per share.
- The sale was executed to cover tax withholding obligations related to the settlement of restricted stock units.
- Following the transaction, Indig directly owns 1,223,736 shares of Phreesia common stock.
- Additionally, 255,000 shares are held indirectly through the Indig Dynasty Trust, where Indig's immediate family members are the beneficiaries and his sister-in-law is the investment advisor.
Sentiment
Score: 5
Explanation: The document reflects a routine transaction (selling shares to cover taxes) and doesn't indicate any significant positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of insider trading activity and are required by the SEC to provide transparency into the transactions of company executives and directors. This particular filing relates to the sale of shares to cover tax obligations, which is a common practice.
Key Dates
| Date | Description |
|---|---|
| 09/10/2024 | Date of stock sale transaction |
| 09/12/2024 | Date of Form 4 filing |
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