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

Balaji Gandhi, CFO of Phreesia, Inc., sold 864 shares of common stock on April 16, 2025, to cover tax withholding obligations related to the settlement of restricted stock units.

Summary

• On April 16, 2025, Balaji Gandhi, the Chief Financial Officer of Phreesia, Inc., disposed of 864 shares of common stock.
• The shares were sold at a weighted average price of $23.8072.
• The sale was conducted to cover tax withholding obligations related to the settlement of restricted stock units, as per the issuer's mandatory sell-to-cover policy.
• Following the transaction, Gandhi directly owns 107,547 shares of Phreesia, Inc.
• The shares were sold in multiple transactions at prices ranging from $23.49 to $24.09 per share.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing a routine transaction. It doesn't inherently convey positive or negative sentiment.

Industry Context

Form 4 filings are a routine part of insider trading activity and are used to disclose transactions by company insiders. The sale of shares to cover tax obligations is a common practice.

Stakeholder Impact

• The sale of shares by a company insider could have a minor impact on shareholder sentiment, but is unlikely to be significant given the reason for the sale.

Key Dates

Keywords

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