Form 4: Phreesia CEO Chaim Indig Sells Shares to Cover Tax Obligations

Phreesia's CEO, Chaim Indig, disposed of shares to cover tax withholding obligations related to the settlement of restricted stock units.

Summary

• Chaim Indig, the CEO of Phreesia, Inc., reported a transaction involving the disposal of 2,644 shares of common stock on July 16, 2024, at a price of $23.7356 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 1,219,361 shares of Phreesia's common stock.
• Additionally, Indig indirectly owns 255,000 shares through the Indig Dynasty Trust, where his sister-in-law acts as the investment and distribution advisor, and his immediate family members are the sole beneficiaries.

Sentiment

Score: 5

Explanation: The document describes a routine transaction (selling shares to cover tax obligations). It doesn't inherently indicate positive or negative sentiment towards the company's prospects.

Industry Context

Executive stock transactions are a common occurrence in publicly traded companies. They can be driven by various factors, including personal financial planning, diversification, and tax obligations. It's important to consider the context of the transaction and the overall ownership stake of the executive when evaluating the significance of the sale.

Related Party Transactions

• The reporting person indirectly owns shares through the Indig Dynasty Trust, where his sister-in-law acts as the investment and distribution advisor, and his immediate family members are the sole beneficiaries.

Stakeholder Impact

• The sale of shares by the CEO could have a minor impact on shareholder sentiment, but is unlikely to have a significant impact given the relatively small number of shares sold compared to the total shares outstanding.

Key Dates