Form 4: Phreesia CFO Balaji Gandhi Reports Acquisition of 5,633 Shares of Common Stock

Balaji Gandhi, CFO of Phreesia, Inc., reports acquiring 5,633 shares of common stock on September 6, 2024, through the conversion of a cash bonus into Restricted Stock Units (RSUs).

Summary

• On September 6, 2024, Balaji Gandhi, the Chief Financial Officer of Phreesia, Inc., acquired 5,633 shares of common stock.
• This acquisition was made through the conversion of a cash bonus into Restricted Stock Units (RSUs).
• The RSUs were fully vested as of the grant date and represent awards received in lieu of the CFO's cash bonus earned for the first half of the fiscal year ending January 31, 2025.
• Gandhi elected to convert the cash bonus into RSUs representing 115% of the earned cash bonus amount.
• The number of RSUs granted was based on a per share value of $23.55, which was the closing price of Phreesia's common stock on September 6, 2024.
• Following the transaction, Gandhi directly owns 102,080 shares of Phreesia, Inc. common stock.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The CFO's decision to take stock instead of cash is a good sign, but it's a routine transaction.

Positives

• The CFO's decision to convert a cash bonus into company stock signals confidence in Phreesia's future performance.
• The conversion rate of 115% of the cash bonus into RSUs is a favorable incentive for the CFO.

Industry Context

This Form 4 filing is a routine disclosure of insider transactions, providing transparency to investors regarding the actions of company executives.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding insider activity.
• The CFO's investment in company stock aligns his interests with those of shareholders.

Key Dates