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, 2025, to cover tax withholding obligations related to the settlement of restricted stock units.

Summary

• On April 8, 2025, Balaji Gandhi, the Chief Financial Officer of Phreesia, Inc., sold shares of the company's common stock.
• The sales were executed in two separate transactions.
• The first transaction involved the sale of 4,916 shares at a weighted average price of $23.4568 per share.
• The second transaction involved the sale of 3,129 shares at a weighted average price of $24.475 per share.
• These sales were 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 these transactions, Gandhi directly owns 108,411 shares of Phreesia, Inc.

Sentiment

Score: 5

Explanation: This is a neutral event. The sale of shares is related to tax obligations and doesn't necessarily reflect a change in the executive's confidence in the company.

Industry Context

This is a routine transaction related to executive compensation and tax obligations. It is common for executives to sell shares to cover taxes when restricted stock units vest.

Stakeholder Impact

• The sale of shares by a company executive could have a minor impact on shareholder sentiment.

Key Dates

Keywords

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