Form 4: Phreesia CFO Balaji Gandhi Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Balaji Gandhi, CFO of Phreesia, Inc., sold 783 shares of common stock on July 16, 2024, to cover tax withholding obligations related to the settlement of restricted stock units.
Summary
- On July 16, 2024, Balaji Gandhi, the Chief Financial Officer of Phreesia, Inc., disposed of 783 shares of the company's common stock.
- The transaction was executed at a price of $23.7356 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 96,447 shares of Phreesia, Inc.
Sentiment
Score: 5
Explanation: The document reports a routine transaction (sale of shares for tax obligations) by a company insider, which is neither particularly positive nor negative.
Industry Context
Form 4 filings are standard practice for corporate insiders to report transactions in their company's stock, providing transparency to investors.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on stakeholders as it is a routine sale to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 07/16/2024 | Date of the transaction where Balaji Gandhi sold shares. |
| 07/17/2024 | Date of signature for the Form 4 filing. |
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