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

Balaji Gandhi, CFO of Phreesia, Inc., sold shares of common stock on April 8, 2024, to cover tax withholding obligations related to the settlement of restricted stock units.

Summary

• On April 8, 2024, Balaji Gandhi, the Chief Financial Officer of Phreesia, Inc., disposed of shares of common stock.
• A total of 7,700 shares were sold at a weighted average price of $22.6161, with individual prices ranging from $22.00 to $22.98 per share.
• An additional 78 shares were sold at a weighted average price of $23.0163, with individual prices ranging from $23.00 to $23.04 per share.
• These transactions were non-discretionary and executed to cover tax withholding obligations related to the settlement of restricted stock units.
• Following these transactions, Gandhi directly owns 98,178 shares of Phreesia, Inc.

Sentiment

Score: 5

Explanation: The document is a standard SEC Form 4 filing, indicating routine stock sales for tax purposes. It doesn't convey any strong positive or negative sentiment about the company's performance or future prospects.

Industry Context

Executive stock sales are a common occurrence, often related to compensation and tax planning. The sale itself doesn't necessarily indicate a negative outlook for the company.

Stakeholder Impact

• The stock sale may have a minor impact on shareholders due to the slight dilution of shares.
• The transaction is part of the executive's compensation and tax planning, which indirectly affects employees.

Key Dates