Form 4: Phreesia CFO Balaji Gandhi Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Balaji Gandhi, CFO of Phreesia, Inc., sold 3,504 shares of common stock on March 25, 2024, to cover tax withholding obligations related to the settlement of restricted stock units.
Summary
- On March 25, 2024, Balaji Gandhi, the Chief Financial Officer of Phreesia, Inc., disposed of 3,504 shares of the company's common stock.
- The shares were sold at a weighted average price of $23.2112 per share, with individual transactions ranging from $23.14 to $23.28.
- The sale was conducted to cover tax withholding obligations associated with the settlement of restricted stock units, as per the issuer's mandatory sell-to-cover policy.
- Following the transaction, Gandhi directly owns 94,030 shares of Phreesia, Inc. common stock.
Sentiment
Score: 5
Explanation: The document describes a routine transaction (sale of shares to cover taxes) by a company executive, which is neither particularly positive nor negative.
Industry Context
Sales of shares to cover tax obligations are a routine part of executive compensation and are not necessarily indicative of the company's performance or future prospects.
Key Dates
| Date | Description |
|---|---|
| 03/25/2024 | Date of the transaction where Balaji Gandhi sold shares. |
| 03/27/2024 | Date of signature on the Form 4 filing. |
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