Form 4: Phreesia CEO Sells Shares for Tax Obligations
Statement of Changes in Beneficial Ownership (Form 4)
Phreesia CEO Chaim Indig disposed of 6,328 common shares at a weighted average price of $23.2844 to cover tax withholding obligations from restricted stock unit settlement.
Summary
- Chaim Indig, Chief Executive Officer and Director of Phreesia, Inc. (PHR), reported a transaction on September 16, 2025.
- Disposed of 6,328 shares of common stock in a non-discretionary transaction.
- The shares were sold at a weighted average price of $23.2844 per share, with individual sales ranging from $22.83 to $23.69.
- The sale was executed pursuant to the Issuer's mandatory sell-to-cover policy to satisfy tax withholding obligations related to the settlement of restricted stock units.
- Following the transaction, Chaim Indig directly beneficially owns 1,255,771 shares of common stock.
- Additionally, 255,000 shares are indirectly beneficially owned through the Indig Dynasty Trust, where members of the reporting person's immediate family are sole beneficiaries.
Sentiment
Score: 5
Explanation: The transaction is a routine, non-discretionary sale for tax purposes related to equity compensation, which is a neutral event and does not reflect a change in management's outlook on the company's performance.
Positives
- NA
Negatives
- NA
Risks
- NA
Future Outlook
NA
Management Comments
- NA
Industry Context
NA
Comparison to Industry Standards
- NA
Management Changes
| Role | Previous Person | New Person | Effective Date | Reason |
|---|---|---|---|---|
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
Legal Proceedings
- NA
Related Party Transactions
- NA
Stakeholder Impact
- Minimal impact on shareholders as this is a routine, non-discretionary transaction for tax purposes and does not signal a change in the company's fundamentals or management's confidence.
Next Steps
- NA
Key Dates
| Date | Description |
|---|---|
| 09/16/2025 | Date of transaction for the disposal of common stock. |
| 09/18/2025 | Date the Form 4 was signed by Allison Hoffman, by Power of Attorney for Chaim Indig. |
Recommendation
holdThe reported transaction is a mandatory 'sell-to-cover' for tax obligations related to restricted stock unit vesting. This is a common and non-discretionary event for executives and does not indicate a change in the company's fundamental prospects or management's view on future performance. Therefore, it does not warrant a change in investment recommendation based solely on this filing.
Keywords
Phreesia, PHR, Chaim Indig, Insider Transaction, Form 4, Stock Sale, CEO, Restricted Stock Units, Tax Withholding
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