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

Balaji Gandhi, CFO of Phreesia, Inc., sold shares of common stock on January 27, 2025, to cover tax withholding obligations related to the settlement of performance-based restricted stock units.

Summary

• Balaji Gandhi, the Chief Financial Officer of Phreesia, Inc., disposed of shares of common stock on January 27, 2025.
• The sales were executed in two separate transactions at weighted average prices of $27.1848 and $28.1505 per share.
• A total of 3,360 shares were sold at prices ranging from $26.75 to $27.74, and 1,453 shares were sold at prices ranging from $27.75 to $28.39.
• These transactions were non-discretionary and conducted to cover tax withholding obligations related to the settlement of performance-based restricted stock units.
• Following the reported transactions, Gandhi directly owns 144,933 shares of Phreesia, Inc. common stock.

Sentiment

Score: 6

Explanation: The sentiment is neutral. The filing indicates a routine transaction to cover tax obligations, which doesn't necessarily reflect a positive or negative outlook for the company.

Industry Context

This is a routine Form 4 filing, which is common for corporate insiders who sell shares of their company's stock. It doesn't necessarily indicate a negative outlook for the company, as the sale was to cover tax obligations.

Stakeholder Impact

• The sale of shares by a company insider could have a minor impact on shareholder sentiment, but is unlikely to have a significant impact as it was for tax purposes.

Key Dates