Form 4: Phreesia CEO Chaim Indig Sells Shares to Cover Tax Obligations
SEC Form 4
Phreesia's CEO, Chaim Indig, disposed of shares to cover tax withholding obligations related to the settlement of restricted stock units.
Summary
- On April 8, 2024, Chaim Indig, the CEO of Phreesia, Inc., sold 11,923 shares of common stock at a weighted average price of $22.6161 per share.
- An additional 120 shares were sold at a weighted average price of $23.0163 per share on the same day.
- These transactions were non-discretionary and executed to cover tax withholding obligations related to the settlement of restricted stock units.
- Following these transactions, Mr. Indig directly owns 1,225,397 shares of Phreesia's common stock.
- Mr. Indig also indirectly owns 255,000 shares through the Indig Dynasty Trust, where his sister-in-law is the investment advisor and his immediate family members are the beneficiaries.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock sales for tax purposes, which is neither particularly positive nor negative.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- The stock sales may have a minor impact on shareholders due to the increased supply of shares in the market, but the impact is likely to be minimal given the relatively small number of shares sold.
Key Dates
| Date | Description |
|---|---|
| 04/08/2024 | Date of stock sale transactions. |
| 04/10/2024 | Date of signature on the Form 4 filing. |
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