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

Balaji Gandhi, CFO of Phreesia, Inc., sold 1,827 shares of common stock on March 26, 2025, to cover tax withholding obligations related to the settlement of restricted stock units.

Summary

• On March 26, 2025, Balaji Gandhi, the Chief Financial Officer of Phreesia, Inc. (PHR), disposed of 1,827 shares of common stock.
• The sale 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 $27.4641, with individual transactions ranging from $27.37 to $27.775 per share.
• Following the transaction, Gandhi directly owns 103,591 shares of Phreesia, Inc.
• The sale was conducted under the issuer's mandatory sell-to-cover policy.

Sentiment

Score: 5

Explanation: Neutral sentiment as the filing reflects a routine transaction to cover tax obligations, with no indication of a change in the CFO's outlook on the company.

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders. This sale appears to be routine, related to tax obligations, and doesn't necessarily indicate a change in the CFO's confidence in the company.

Key Dates

Keywords

Form 4, Phreesia, Balaji Gandhi, CFO, Stock Sale, Tax Withholding, Restricted Stock Units, Beneficial Ownership