Form 4: Phreesia CFO Balaji Gandhi Reports Acquisition of 12,865 Shares of Common Stock

Balaji Gandhi, CFO of Phreesia, Inc., reports acquiring 12,865 shares of common stock on April 4, 2025, bringing his total holdings to 116,456 shares.

Summary

• On April 4, 2025, Balaji Gandhi, the Chief Financial Officer of Phreesia, Inc., acquired 12,865 shares of common stock.
• This acquisition increased his total beneficial ownership to 116,456 shares.
• The shares were received as Restricted Stock Units (RSUs) in lieu of a cash bonus earned for the fiscal year ending January 31, 2025, under the company's Senior Executive Cash Incentive Bonus Plan.
• Gandhi elected to convert his cash bonus into RSUs, receiving 115% of the bonus amount in stock.
• The RSU grant was based on a per-share value of $24.31, which was the closing price of Phreesia's common stock on April 4, 2025.
• The RSUs were fully vested as of the grant date.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The CFO increasing his stake in the company is generally a good sign, but it's part of a pre-planned compensation package.

Positives

• The CFO's decision to convert his cash bonus into company stock demonstrates confidence in Phreesia's future performance.
• The RSUs were fully vested on the grant date, providing immediate ownership to the CFO.

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track management's alignment with shareholder interests.

Related Party Transactions

• The grant of RSUs to the CFO in lieu of a cash bonus is a related party transaction.

Stakeholder Impact

• The transaction could have a slightly positive impact on shareholders as it signals confidence from the CFO.

Key Dates

Keywords

Phreesia, Balaji Gandhi, CFO, common stock, RSUs, beneficial ownership, Form 4, SEC, acquisition, stock options