Form 4: Phreesia Executive Receives Stock Awards

Phreesia Inc. reports that David Linetsky, President of Network Solutions, received restricted stock units valued at $9.15 per share on April 6, 2026.

Summary

• David Linetsky, President of Network Solutions at Phreesia, Inc., received Restricted Stock Units (RSUs) on April 6, 2026.
• These RSUs were granted in lieu of 50% of his cash bonus earned for the fiscal year ending January 31, 2026.
• Linetsky elected to convert his cash bonus into RSUs, receiving 115% of the earned cash bonus amount.
• The RSUs were granted at a per-share value of $9.15, based on the closing price of Phreesia's common stock on April 6, 2026.
• A total of 17,786 RSUs were acquired by Linetsky, bringing his total beneficial ownership to 241,842 shares.
• Additionally, RSUs were granted to Linetsky's spouse in lieu of 50% of her cash bonus, also at $9.15 per share.
• The spouse's RSUs amounted to 2,209 units, with Linetsky's indirect beneficial ownership of these being 13,277 shares.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this filing as neutral, as it primarily reports on executive compensation transactions rather than company performance or strategic shifts.

Positives

• Executive compensation structure includes performance-based awards (RSUs) tied to company performance.
• The company is utilizing stock-based compensation, which can align executive interests with shareholders.
• The value of the RSUs is based on the current market price of the company's stock, reflecting market conditions.
• Linetsky's acquisition of RSUs indicates continued commitment and incentive to drive company performance.

Negatives

• The filing does not provide information on the company's overall financial performance, making it difficult to assess the context of these awards.
• The specific cash bonus amounts earned by the executive and his spouse are not disclosed, limiting a full understanding of the RSU conversion.

Risks

• The value of the RSUs is directly tied to the stock price of Phreesia, Inc., meaning a decline in stock value would reduce the ultimate compensation received.
• Potential for dilution of existing shareholder equity if a significant number of RSUs are granted and exercised.

Future Outlook

The filing does not contain forward-looking statements or guidance. It solely reports on a transaction of stock awards.

Management Comments

• The RSUs represent awards received in lieu of 50% of the Reporting Person's cash bonus earned for the fiscal year ending January 31, 2026.
• The Reporting Person elected to convert such cash bonus into RSUs representing 115% of the earned cash bonus amount.
• The number of RSUs granted is based on a per share value of $9.15, the closing price of the Issuer's common stock on April 6, 2026.

Industry Context

StockSavvy.ai notes that the use of Restricted Stock Units (RSUs) as a component of executive compensation is a common practice across the healthcare technology sector, aimed at retaining talent and aligning executive interests with long-term shareholder value.

Related Party Transactions

• The transaction involves the spouse of the reporting person, which is a related party.

Stakeholder Impact

• Shareholders: Potential for slight dilution if RSUs are exercised, but also alignment of executive interests with stock performance.
• Employees: May indicate a culture of performance-based incentives within the company.
• Management: Reinforces the compensation structure for senior executives.

Next Steps

• The RSUs will vest according to the terms of the award, though specific vesting schedules are not detailed in this filing.
• The reporting person will continue to hold beneficial ownership of the acquired securities.

Key Dates

Keywords

Phreesia, PHR, Form 4, SEC Filing, Stock Options, Restricted Stock Units, RSUs, Executive Compensation, Insider Trading, Beneficial Ownership, David Linetsky