Form 4: Phreesia Director Lainie Goldstein Acquires Shares

Phreesia Director Lainie Goldstein acquired 441 shares of common stock through a deferred compensation program, reflecting a routine insider transaction.

Summary

• Lainie Goldstein, a Director of Phreesia, Inc. [PHR], acquired 441 shares of common stock.
• The transaction occurred on October 31, 2025, at a price of $22.64 per share.
• These shares were granted as deferred stock units (DSUs) in lieu of an annual cash retainer.
• The DSUs are awarded quarterly in arrears as part of Phreesia, Inc.'s Non-Employee Director Deferred Compensation Program.
• Following this transaction, Lainie Goldstein beneficially owns 49,366 shares of common stock.
• The underlying common stock will be received 90 days after the director ceases to serve on the Board and incurs a "separation from service" within the meaning of Section 409A of the Internal Revenue Code.

Sentiment

Score: 6

Explanation: Slightly positive due to director's election for equity compensation, aligning interests with shareholders, but otherwise a routine and neutral transaction.

Positives

• Director Lainie Goldstein's election to receive deferred stock units instead of cash aligns her interests more closely with long-term shareholder value.
• The transaction is part of a structured, pre-approved compensation program, indicating good corporate governance practices.

Negatives

• No negative aspects are indicated in this routine insider transaction filing.

Risks

• No specific risks are mentioned in this Form 4 filing.

Future Outlook

The underlying common stock for the deferred stock units will be received by Director Lainie Goldstein 90 days after she ceases to serve as a member of the Board of Directors and incurs a "separation from service" as defined by Section 409A of the Internal Revenue Code.

Industry Context

This is a routine insider transaction filing (Form 4) and does not provide broader industry context or trends. Such filings are standard for public companies when directors or officers acquire or dispose of company securities.

Comparison to Industry Standards

• This Form 4 reports a standard equity compensation mechanism (deferred stock units) for non-employee directors, which is a common practice across various industries to align director incentives with shareholder interests. No specific comparable companies or projects are detailed in this filing.

Corporate Governance

Stakeholder Impact

• Shareholders: Positive impact as director's interests are further aligned with long-term shareholder value through equity compensation.
• Employees/Customers/Suppliers/Creditors: No direct impact from this specific transaction.

Next Steps

• Director Lainie Goldstein will receive the underlying common stock 90 days after her separation from service from the Board of Directors.

Key Dates

Keywords

Phreesia, PHR, Lainie Goldstein, Director, Insider Transaction, Form 4, Deferred Stock Units, DSU, Equity Compensation, Corporate Governance