Form 4: Phreesia Director Lainie Goldstein Acquires 400 Shares of Common Stock

Director Lainie Goldstein acquired 400 shares of Phreesia, Inc. common stock at $24.96 per share on April 30, 2025, through the receipt of deferred stock units (DSUs) in lieu of an annual cash retainer.

Summary

• On April 30, 2025, Lainie Goldstein, a director of Phreesia, Inc., acquired 400 shares of common stock at a price of $24.96 per share.
• The acquisition was made through the receipt of deferred stock units (DSUs) in lieu of an annual cash retainer, as part of Phreesia's Non-Employee Director Deferred Compensation Program.
• Following the transaction, Goldstein's total beneficial ownership of Phreesia common stock is 41,855 shares.
• The DSUs will be settled in common stock 90 days after Goldstein ceases to be a director and experiences a 'separation from service' as defined by Section 409A of the Internal Revenue Code.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. It reflects a routine transaction with no immediate negative implications. Director's stock acquisition can be seen as a sign of confidence.

Positives

• The acquisition of shares by a director can be seen as a positive sign, indicating confidence in the company's future prospects.

Future Outlook

The director will receive underlying common stock 90 days after she ceases to serve as a member of the Board of Directors of the Issuer and incurs a 'separation from service'.

Industry Context

Directors receiving stock-based compensation is a common practice in publicly traded companies to align their interests with those of shareholders. This Form 4 filing is a routine disclosure required by the SEC.

Comparison to Industry Standards

• Stock-based compensation for directors is a standard practice across the industry.
• Companies like Teladoc and Amwell also use stock options and restricted stock units to compensate their board members.
• The amount of equity granted to directors varies depending on the company's size, performance, and compensation philosophy.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns the director's interests with theirs.

Key Dates

Keywords

Phreesia, Director, Lainie Goldstein, Common Stock, Deferred Stock Units, DSUs, Beneficial Ownership, Form 4, SEC