Form 4: Phreesia CFO Balaji Gandhi Sells Shares to Cover Tax Obligations

Phreesia's Chief Financial Officer, Balaji Gandhi, sold 3,195 shares of common stock to cover tax obligations related to a restricted stock unit settlement.

Summary

• Balaji Gandhi, the Chief Financial Officer of Phreesia, Inc., sold 3,195 shares of common stock on January 6, 2025.
• The sale was executed to cover tax withholding obligations associated with the settlement of a restricted stock unit award.
• The shares were sold at a weighted average price of $26.6055, with individual transactions ranging from $26.26 to $26.91 per share.
• Following the transaction, Mr. Gandhi directly owns 148,509 shares of Phreesia common stock.

Sentiment

Score: 5

Explanation: The document describes a routine transaction related to executive compensation and does not indicate any positive or negative sentiment.

Industry Context

This is a routine transaction for executives who receive stock-based compensation. It is common for executives to sell shares to cover tax obligations when restricted stock units vest.

Comparison to Industry Standards

• Executive stock sales to cover tax obligations are a common practice across publicly traded companies.
• The sale of 3,195 shares by the CFO is not unusual in the context of stock-based compensation plans.
• Similar transactions are regularly reported by executives at comparable companies.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine sale to cover tax obligations.
• The sale does not indicate any change in the company's financial health or future prospects.

Key Dates

Keywords

Phreesia, Balaji Gandhi, stock sale, insider trading, tax obligations, restricted stock units, CFO