Form 4: Phreesia Director Exercises Options and Sells Shares Under 10b5-1 Plan

Phreesia director Michael Weintraub exercised stock options and sold shares on December 2, 2024, under a pre-arranged 10b5-1 trading plan.

Summary

• On December 2, 2024, Michael Weintraub, a director at Phreesia, Inc., exercised stock options to acquire 15,152 shares at a price of $2.03 per share.
• Concurrently, Mr. Weintraub sold 15,152 shares at a weighted average price of $21.0116 per share, with individual sales ranging from $20.58 to $21.385.
• These transactions were executed under a pre-established Rule 10b5-1 trading plan.
• Following these transactions, Mr. Weintraub directly owns 242,827 shares of Phreesia common stock.
• He also has indirect ownership of 91,045 shares through the Michael Weintraub 2023 Qualified Annuity Trust and 6,703 shares through the Weintraub Family 2017 Irrevocable Trust.
• Mr. Weintraub disclaims beneficial ownership of the shares held in the trusts except to the extent of his pecuniary interest.

Sentiment

Score: 5

Explanation: The document is a standard SEC Form 4 filing detailing insider transactions. It doesn't indicate any positive or negative sentiment, just routine activity.

Industry Context

This is a routine filing related to insider transactions and is common for publicly traded companies. The use of a 10b5-1 plan is a standard practice to avoid accusations of insider trading.

Comparison to Industry Standards

• The use of a 10b5-1 trading plan is a common practice among executives and directors of publicly traded companies to manage their stock transactions and avoid potential insider trading issues.
• The reported transactions are similar to those seen in other companies where executives exercise stock options and sell shares for personal financial management.
• The price range of the share sales is within the typical fluctuations observed in the market for similar companies.

Stakeholder Impact

• The transactions may have a minor impact on the stock price due to the volume of shares sold, but this is likely to be minimal given the pre-planned nature of the sales.

Key Dates

Keywords

Phreesia, Michael Weintraub, stock options, share sale, Form 4, 10b5-1 plan, insider trading, beneficial ownership