Form 4: Phreesia CFO Sells Shares to Cover Tax Obligations

Phreesia's Chief Financial Officer, Balaji Gandhi, sold 5,827 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 5,827 shares of common stock on January 21, 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 $27.3107, with individual transaction prices ranging from $27.025 to $27.66 per share.
• Following the transaction, Mr. Gandhi directly owns 141,846 shares of Phreesia common stock.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction related to executive compensation and does not indicate any 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 obligations when restricted stock units vest.

Comparison to Industry Standards

• Executive stock sales to cover tax obligations are a common practice across publicly traded companies.
• The sale of shares by Phreesia's CFO is consistent with standard procedures for managing stock-based compensation.
• Similar transactions are regularly reported by executives at comparable companies in the technology and healthcare sectors.

Stakeholder Impact

• The sale of shares by the CFO has a minimal impact on shareholders as it is a routine transaction.
• The transaction does not affect the company's operations or financial health.

Key Dates

Keywords

Phreesia, Balaji Gandhi, Chief Financial Officer, stock sale, tax obligations, restricted stock units, insider trading, SEC Form 4