Form 4: Phreesia CFO Balaji Gandhi Executes Stock Sales Under 10b5-1 Plan

Balaji Gandhi, CFO of Phreesia, Inc., sold shares of common stock on February 18 and 19, 2025, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• Balaji Gandhi, the Chief Financial Officer of Phreesia, Inc., reported the sale of common stock on February 18 and 19, 2025.
• The sales were executed under a Rule 10b5-1 trading plan adopted on September 17, 2024.
• On February 18, 2025, 5,771 shares were sold at a weighted average price of $30.0428 per share.
• On February 19, 2025, 96 shares were sold at $30 per share.
• Following these transactions, Gandhi directly owns 105,418 shares of Phreesia, Inc. common stock.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock sales by an insider under a pre-arranged plan. It doesn't inherently convey positive or negative sentiment.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. The use of a 10b5-1 plan indicates that the sales were pre-planned and not based on any inside information at the time of the transactions.

Stakeholder Impact

• The stock sales by a key executive could be perceived negatively by some shareholders, although the existence of a 10b5-1 plan mitigates concerns about insider trading.

Key Dates