Form 4: Phreesia CFO Balaji Gandhi Sells Shares Under 10b5-1 Trading Plan

Balaji Gandhi, CFO of Phreesia, Inc., sold a portion of his common stock holdings on February 13 and 14, 2025, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• Balaji Gandhi, the Chief Financial Officer of Phreesia, Inc., executed sales of Phreesia's common stock on February 13 and 14, 2025.
• These transactions were conducted under a pre-existing Rule 10b5-1 trading plan adopted on September 17, 2024.
• On February 13, 2025, 28,759 shares were sold at a weighted average price of $30 per share, resulting in a remaining direct ownership of 116,174 shares.
• On February 14, 2025, an additional 4,889 shares were sold at a weighted average price of $30.0856 per share, leaving a direct ownership of 111,285 shares.
• The sales prices on February 13 ranged from $30.00 to $30.01, and on February 14, they ranged from $30.00 to $30.28.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock sales by an executive. The use of a 10b5-1 plan suggests the sales were pre-planned and not based on any specific positive or negative information. Therefore, the sentiment is neutral.

Risks

• Executive stock sales can sometimes be perceived negatively by investors, regardless of the reason for the sale.

Industry Context

Insider sales are a common occurrence, and the use of 10b5-1 plans is a standard practice to avoid accusations of trading on non-public information. Investors often monitor these filings to gauge executive sentiment.

Stakeholder Impact

• Shareholders may react to the news of the CFO selling shares, although the existence of a 10b5-1 plan mitigates potential concerns.

Key Dates