Form 4: Phreesia Executive Sells Shares for Tax Obligations
Insider Transaction Report
Phreesia's President of Provider Solutions, Evan Roberts, sold 1,888 shares of common stock to cover tax withholding obligations related to restricted stock units.
Summary
- Evan Roberts, President of Provider Solutions at Phreesia, Inc. (PHR), reported a sale of common stock.
- The transaction involved 1,888 shares of Phreesia common stock.
- The shares were disposed of on October 17, 2025, at a weighted average price of $22.3612 per share.
- This sale was non-discretionary, executed to satisfy tax withholding obligations arising from the settlement of performance-based restricted stock units.
- Following this transaction, Evan Roberts directly beneficially owns 724,949 shares of Phreesia common stock.
Sentiment
Score: 5
Explanation: The transaction is a routine, non-discretionary sale to cover tax obligations from RSU vesting, which does not reflect a change in management's sentiment towards the company's prospects.
Positives
- NA
Negatives
- NA
Risks
- NA
Future Outlook
NA
Management Comments
- These shares were disposed of in non-discretionary transactions pursuant to the Issuer's mandatory sell-to-cover policy to cover the Reporting Person's tax withholding obligations in connection with the settlement of an award of performance-based restricted stock units.
Industry Context
The sell-to-cover transaction for tax obligations related to restricted stock unit (RSU) vesting is a common and standard practice across publicly traded companies, particularly in sectors where equity compensation is a significant component of executive remuneration.
Comparison to Industry Standards
- The sell-to-cover transaction for tax obligations related to RSU vesting is a common and standard practice across publicly traded companies, particularly in the technology and healthcare sectors where equity compensation is prevalent.
Management Changes
| Role | Previous Person | New Person | Effective Date | Reason |
|---|---|---|---|---|
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
Legal Proceedings
- NA
Related Party Transactions
- NA
Stakeholder Impact
- Shareholders: Minor dilution from the sale of shares, but the transaction is routine and expected for executive compensation.
Next Steps
- NA
Key Dates
| Date | Description |
|---|---|
| 10/17/2025 | Date of common stock transaction (sale). |
| 10/21/2025 | Signature date of the Form 4 filing. |
Recommendation
holdThe filing details a routine, non-discretionary sale of shares by an executive to cover tax obligations related to restricted stock unit vesting. This type of transaction is common and does not indicate a change in the company's fundamentals or management's outlook, thus providing no new basis for altering an existing investment position.
Keywords
Phreesia, PHR, Evan Roberts, Form 4, insider transaction, stock sale, restricted stock units, RSU, tax withholding
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