Form 4: Phreesia COO Evan Roberts Sells Shares Under 10b5-1 Trading Plan
SEC Form 4 Filing
Phreesia's Chief Operating Officer, Evan Roberts, executed sales of common stock on March 21, 2024, under a pre-arranged Rule 10b5-1 trading plan.
Summary
- On March 21, 2024, Evan Roberts, the Chief Operating Officer of Phreesia, Inc., sold shares of common stock.
- The sales were executed under a Rule 10b5-1 trading plan adopted on December 21, 2023.
- A total of 25,962 shares were sold in multiple transactions at a weighted average price of $23.4848, with prices ranging from $23.16 to $24.11 per share.
- An additional 1,000 shares were sold at a weighted average price of $24.4568, with prices ranging from $24.25 to $24.49 per share.
- Following these transactions, Roberts directly owns 728,570 shares of Phreesia's common stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to insider trading. The sentiment is neutral as it simply reports transactions.
Industry Context
Insider sales are a common occurrence, and the use of a 10b5-1 trading plan suggests the sales were pre-planned and not based on any specific non-public information.
Stakeholder Impact
- The stock sale may have a minor impact on shareholders, potentially creating slight downward pressure on the stock price in the short term.
Key Dates
| Date | Description |
|---|---|
| 12/21/2023 | Date of adoption of Rule 10b5-1 trading plan |
| 03/21/2024 | Date of stock sale transactions |
| 03/25/2024 | Date of Form 4 filing |
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