Form 4: Phreesia Executive Sells Shares for Tax Obligations

Phreesia's President of Provider Solutions, Evan Roberts, sold shares to cover tax withholding obligations related to restricted stock unit settlement.

Summary

• Evan Roberts, President of Provider Solutions at Phreesia, Inc. (PHR), reported the disposition of common stock.
• On January 15, 2026, Roberts sold 1,810 shares of common stock at a weighted average price of $16.3795 per share.
• On January 16, 2026, Roberts sold an additional 6,268 shares of common stock at a weighted average price of $16.3568 per share.
• These transactions were non-discretionary, executed to cover tax withholding obligations associated with the settlement of restricted stock units, pursuant to the Issuer's mandatory sell-to-cover policy.
• Following these transactions, Roberts beneficially owns 826,554 shares of Phreesia common stock.
• The sales were made under a Rule 10b5-1(c) plan, indicating they were pre-planned.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the reported transactions are non-discretionary sales to cover tax obligations related to restricted stock unit vesting, which is a routine compensation event and not indicative of management's discretionary view on the company's prospects.

Future Outlook

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

Management Comments

• These shares were disposed of in non-discretionary transactions pursuant to the Issuer's mandatory sell-to-cover policy to cover the holder's tax withholding obligations in connection with the settlement of an award of restricted stock units.

Industry Context

This insider transaction is a routine, compensation-related event and does not reflect broader industry trends or competitive dynamics. It is a standard practice for executives to sell shares to cover tax liabilities upon the vesting of restricted stock units.

Stakeholder Impact

• Shareholders: The sale represents a minor dilution of outstanding shares but is a routine event for executive compensation and tax management, unlikely to have a significant impact on shareholder value.
• Employees: No direct impact on employees is indicated by this filing.

Key Dates

Keywords

Phreesia, PHR, Form 4, Insider Transaction, Stock Sale, Executive Compensation, Restricted Stock Units, Tax Withholding, Rule 10b5-1