Form 4: Phreesia CFO Sells Shares for Tax Obligations

Phreesia's Chief Financial Officer, Balaji Gandhi, disposed of 885 shares of common stock to cover tax withholding obligations related to restricted stock unit settlement.

Summary

• Balaji Gandhi, Chief Financial Officer of Phreesia, Inc. (PHR), reported a transaction involving the company's common stock.
• On October 17, 2025, Mr. Gandhi disposed of 885 shares of Phreesia common stock.
• The shares were sold at a weighted average price of $22.3612 per share, with individual transaction prices ranging from $22.195 to $22.66.
• This disposal was a non-discretionary 'sell-to-cover' transaction, mandated by the Issuer's policy to satisfy tax withholding obligations associated with the settlement of restricted stock units.
• Following this transaction, Mr. Gandhi directly beneficially owns 98,240 shares of Phreesia common stock.

Sentiment

Score: 5

Explanation: The transaction is a routine, non-discretionary 'sell-to-cover' for tax purposes, which is a common event for executives receiving equity compensation. It does not indicate a change in management's confidence or the company's performance, thus having a neutral sentiment.

Future Outlook

This filing does not contain any forward-looking statements or guidance regarding the company's future outlook.

Industry Context

This is a routine insider transaction (Form 4) for a Chief Financial Officer, common across all industries when restricted stock units vest and tax obligations arise. It does not reflect broader industry trends or competitive positioning.

Stakeholder Impact

• Shareholders: Minimal impact as this is a routine, non-discretionary transaction for tax purposes and represents a small fraction of the CFO's total holdings and the company's outstanding shares. It does not signal a change in company fundamentals or management's outlook.

Key Dates

Recommendation

This Form 4 filing details a routine, non-discretionary 'sell-to-cover' transaction by the Chief Financial Officer to satisfy tax obligations upon the vesting of restricted stock units. Such transactions are common and do not typically reflect a change in the executive's confidence in the company or its future prospects. The number of shares sold is a small percentage of the CFO's total holdings and the company's market capitalization. Therefore, this filing provides no new material information that would warrant a change in investment recommendation; a 'hold' stance is maintained based on existing fundamental analysis.

Keywords

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