Form 4: Phreesia CFO Sells Shares for Tax Obligations

Phreesia's Chief Financial Officer, Balaji Gandhi, sold 4,183 shares of common stock to cover tax withholding obligations related to restricted stock units.

Summary

• Balaji Gandhi, Chief Financial Officer of Phreesia, Inc. (PHR), disposed of 4,183 shares of common stock.
• The transaction occurred on September 16, 2025, at a weighted average price of $23.2844 per share.
• The shares were sold in multiple transactions with prices ranging from $22.83 to $23.69 per share.
• This disposal was a non-discretionary transaction executed pursuant to the Issuer's mandatory sell-to-cover policy.
• The purpose of the sale was to cover tax withholding obligations associated with the settlement of a restricted stock unit award.
• Following this transaction, Balaji Gandhi beneficially owns 99,125 shares of Phreesia common stock directly.
• The transaction was made pursuant to a Rule 10b5-1(c) plan.

Sentiment

Score: 5

Explanation: The transaction is a routine, non-discretionary sale to cover tax withholding obligations related to restricted stock units, which is a common practice for executives. It does not indicate a change in management's confidence or the company's prospects.

Future Outlook

The filing does not contain any forward-looking statements or guidance regarding the company's future performance or strategic direction.

Industry Context

This insider transaction is a routine, administrative event specific to an individual executive's compensation and tax obligations, and does not reflect broader industry trends or competitive dynamics.

Stakeholder Impact

• Shareholders: Minimal impact as this is a routine, non-discretionary transaction for tax purposes and does not signal a change in management's view of the company's prospects.

Key Dates

Recommendation

The filing details a routine, non-discretionary sale of shares by the CFO to cover tax obligations from restricted stock unit vesting. This transaction does not reflect a change in management's outlook or a discretionary divestment, thus it provides no new information to alter an existing investment thesis. Maintaining a 'hold' recommendation is appropriate as the fundamental value proposition of Phreesia remains unchanged by this administrative event.

Keywords

Phreesia, PHR, Balaji Gandhi, CFO, Form 4, Insider Transaction, Stock Sale, Restricted Stock Units, Tax Withholding, Equity Compensation