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

Balaji Gandhi, CFO of Phreesia, Inc., sold 864 shares of common stock on October 15, 2024, to cover tax withholding obligations related to the settlement of restricted stock units.

Summary

• On October 15, 2024, Balaji Gandhi, the Chief Financial Officer of Phreesia, Inc., disposed of 864 shares of the company's common stock.
• The transaction was executed to cover tax withholding obligations associated with the settlement of restricted stock units.
• The shares were sold at a weighted average price of $21.0251 per share, with individual transactions ranging from $20.755 to $21.34 per share.
• Following the transaction, Gandhi directly owns 97,714 shares of Phreesia, Inc.
• The sale was conducted under the issuer's mandatory sell-to-cover policy.

Sentiment

Score: 5

Explanation: The document describes a routine transaction (sell-to-cover for tax obligations) and doesn't indicate any significant positive or negative sentiment.

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders. This transaction appears to be routine, related to tax obligations.

Stakeholder Impact

• The sale of shares by an insider could have a minor negative impact on shareholder sentiment, but is unlikely to be significant given the reason for the sale.

Key Dates