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

Balaji Gandhi, CFO of Phreesia, Inc., sold 3,502 shares of common stock on September 10, 2024, to cover tax withholding obligations related to the settlement of restricted stock units.

Summary

• On September 10, 2024, Balaji Gandhi, the Chief Financial Officer of Phreesia, Inc., sold 3,502 shares of the company's common stock.
• The sale was executed at a weighted average price of $23.2502 per share.
• The shares were sold in multiple transactions with prices ranging from $22.94 to $23.17 per share.
• The sale was conducted to cover tax withholding obligations associated with the settlement of restricted stock units.
• Following the transaction, Gandhi directly owns 98,578 shares of Phreesia, Inc.
• The sale was non-discretionary and pursuant to the issuer's mandatory sell-to-cover policy.

Sentiment

Score: 5

Explanation: Neutral sentiment as the transaction is a routine sale of shares to cover tax obligations and doesn't indicate a change in the executive's confidence in the company.

Industry Context

Executive share sales are a common occurrence, often related to compensation and tax obligations. The sale itself is unlikely to have a significant impact on the company's overall performance or stock price, but it is important to monitor insider transactions for potential trends.

Stakeholder Impact

• The sale of shares by an executive could be perceived negatively by some shareholders, but the impact is likely to be minimal given the reason for the sale.

Key Dates