Form 4: Phreesia Executive Sells Shares to Cover Tax Obligations

A Phreesia executive, David Linetsky, sold 13,873 shares of common stock to cover tax obligations related to a restricted stock unit settlement.

Summary

• David Linetsky, a Senior Vice President at Phreesia, Inc., sold 13,873 shares of common stock on January 21, 2025.
• The sale was executed to cover tax withholding obligations associated with the settlement of restricted stock units.
• The shares were sold at a weighted average price of $27.3107, with individual transactions ranging from $27.025 to $27.66 per share.
• Following the transaction, Linetsky directly owns 223,392 shares and indirectly owns 8,851 shares through his spouse.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction for tax purposes, with no indication of positive or negative sentiment.

Industry Context

This is a routine transaction for executives who receive stock-based compensation. It is common for executives to sell shares to cover tax obligations when restricted stock units vest.

Comparison to Industry Standards

• Executive stock sales to cover tax obligations are a common practice across publicly traded companies.
• The sale of shares by David Linetsky is consistent with standard procedures for executives managing their equity compensation.
• Similar transactions are regularly reported by executives at comparable companies in the technology and healthcare sectors.

Stakeholder Impact

• The stock sale has a minimal impact on shareholders as it is a routine transaction for tax purposes.

Key Dates

Keywords

Phreesia, David Linetsky, stock sale, insider trading, Form 4, restricted stock units, tax obligations