Form 4: Phreesia CFO Sells Shares to Cover Tax Obligations

Phreesia's Chief Financial Officer, Balaji Gandhi, sold 836 shares of common stock to cover tax obligations related to the settlement of restricted stock units.

Summary

• Balaji Gandhi, the Chief Financial Officer of Phreesia, Inc., sold 836 shares of common stock on January 15, 2025.
• The sale was executed to cover tax withholding obligations associated with the settlement of restricted stock units.
• The shares were sold at a weighted average price of $26.9813 per share.
• The sale was conducted in multiple transactions with prices ranging from $26.6905 to $27.38 per share.
• Following the transaction, Mr. Gandhi directly owns 147,673 shares of Phreesia common stock.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction for tax purposes, with no indication of positive or negative sentiment.

Industry Context

This is a routine transaction for executives who receive stock-based compensation. It is common for executives to sell shares to cover tax liabilities when restricted stock units vest.

Comparison to Industry Standards

• Sales of shares by executives to cover tax obligations are a common practice across publicly traded companies.
• The price range of the sale is within the normal trading range for Phreesia stock.
• Similar transactions are regularly reported by executives at comparable companies.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine sale for tax purposes.

Key Dates

Keywords

Phreesia, Balaji Gandhi, stock sale, tax obligations, restricted stock units, CFO, insider trading