Form 4: Phreesia Executive Sells Shares for Tax Obligations

Phreesia's President of Network Solutions, David Linetsky, sold 6,106 shares of common stock to cover tax withholding obligations related to RSU vesting.

Summary

• David Linetsky, President of Network Solutions at Phreesia, Inc. (PHR), reported a transaction involving the company's common stock.
• On January 8, 2026, Mr. Linetsky disposed of 6,106 shares of Phreesia common stock.
• The shares were sold at a weighted average price of $17.0071 per share, with individual transactions ranging from $16.81 to $17.56.
• This disposition was a non-discretionary transaction executed under the Issuer's mandatory sell-to-cover policy.
• The purpose of the sale was to cover tax withholding obligations associated with the settlement of a restricted stock unit (RSU) award.
• Following this transaction, Mr. Linetsky directly beneficially owns 231,723 shares of common stock and indirectly owns 9,789 shares through his spouse.

Sentiment

Score: 5

Explanation: The transaction is a routine, non-discretionary sell-to-cover for tax obligations related to RSU vesting, which is a common occurrence for executive compensation and does not reflect a discretionary investment decision or significant change in company outlook.

Negatives

• A slight reduction in direct insider ownership, though for a non-discretionary, tax-related reason.

Future Outlook

The filing does not contain any forward-looking statements or guidance regarding the company's future performance or outlook.

Industry Context

This filing details a routine insider transaction, specifically a sell-to-cover for tax obligations related to RSU vesting. Such transactions are common for executives receiving equity compensation and typically do not reflect broader industry trends or specific company performance issues.

Stakeholder Impact

• Shareholders: Minimal impact as this is a routine, non-discretionary transaction for tax purposes, not indicative of a change in the executive's confidence or company fundamentals.

Key Dates

Recommendation

The reported transaction is a non-discretionary sale of shares by an executive to cover tax obligations associated with the vesting of restricted stock units. This is a standard and expected event in executive compensation and does not reflect a change in the executive's confidence in the company or its future prospects. Therefore, it does not warrant a change in investment recommendation based solely on this filing.

Keywords

Phreesia, PHR, David Linetsky, insider transaction, Form 4, stock sale, RSU vesting, tax withholding, sell-to-cover, executive compensation