Form 4: Phreesia CFO Sells Shares for Tax Obligations

Phreesia's Chief Financial Officer, Balaji Gandhi, sold 5,662 shares of common stock in non-discretionary transactions to cover tax withholding obligations.

Summary

• Balaji Gandhi, Chief Financial Officer of Phreesia, Inc., disposed of a total of 5,662 shares of common stock.
• The sales occurred on January 15, 2026, and January 16, 2026.
• On January 15, 2026, 975 shares were sold at a weighted average price of $16.3795 per share, with prices ranging from $16.185 to $16.49.
• On January 16, 2026, 4,687 shares were sold at a weighted average price of $16.3568 per share, with prices ranging from $16.14 to $16.495.
• These transactions were non-discretionary, executed under the company's mandatory sell-to-cover policy to satisfy tax withholding obligations related to restricted stock unit settlements.
• The transactions were made pursuant to a Rule 10b5-1(c) plan.
• Following these transactions, Balaji Gandhi beneficially owns 150,569 shares of Phreesia common stock.

Sentiment

Score: 5

Explanation: The filing reports a routine, non-discretionary sale of shares by an insider to cover tax obligations, which is a neutral event and does not reflect a change in management's confidence in the company.

Future Outlook

No forward-looking statements or guidance are provided in this Form 4 filing.

Industry Context

This Form 4 filing details a routine insider transaction for tax purposes and does not provide information relevant to broader industry trends or competitive analysis.

Comparison to Industry Standards

• Not applicable, as this filing reports a standard insider transaction for tax withholding, which is a common practice across all industries for executives receiving equity compensation.

Stakeholder Impact

• Shareholders: Minimal impact as the transaction is routine and non-discretionary for tax purposes, not signaling a change in company outlook or insider confidence.
• Employees: No direct impact mentioned.
• Customers: No direct impact mentioned.
• Suppliers: No direct impact mentioned.
• Creditors: No direct impact mentioned.

Key Dates

Recommendation

The filing details a routine, non-discretionary sale of shares by the CFO to cover tax obligations associated with restricted stock unit settlements. This is a common occurrence for executives and does not indicate a change in the company's fundamentals or the insider's long-term view. Therefore, it provides no new information that would warrant a change in investment recommendation.

Keywords

Phreesia, PHR, Balaji Gandhi, CFO, Insider Trading, Form 4, Stock Sale, Tax Withholding, Restricted Stock Units, RSU, Rule 10b5-1