Form 4: Phreesia Executive Sells Shares to Cover Tax Obligations from RSU Settlement

Phreesia, Inc. SVP, Network Solutions, David Linetsky, sold 109 shares of common stock in non-discretionary transactions to satisfy tax withholding obligations related to restricted stock unit settlements.

Summary

• David Linetsky, the Senior Vice President of Network Solutions at Phreesia, Inc. (PHR), reported two sales of the company's common stock.
• On June 17, 2025, Mr. Linetsky sold 42 shares of common stock at a weighted average price of $25.1721 per share, with prices ranging from $24.68 to $25.675.
• On June 18, 2025, an additional 67 shares were sold at a weighted average price of $25.6114 per share, with prices ranging from $25.255 to $25.935.
• These transactions, totaling 109 shares, were non-discretionary and conducted under the Issuer's mandatory sell-to-cover policy to fulfill tax withholding obligations associated with the settlement of restricted stock units.
• Following these reported transactions, Mr. Linetsky directly beneficially owns 217,239 shares of Phreesia common stock.
• Indirect beneficial ownership by spouse after the transactions is 9,795 shares.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the reported transactions are routine, non-discretionary sales for tax purposes related to equity compensation, and do not indicate any change in the executive's or company's outlook.

Future Outlook

NA

Industry Context

This filing is a routine disclosure of an insider transaction, specifically a 'sell-to-cover' sale, which is common in industries where executive compensation includes equity awards like Restricted Stock Units (RSUs). It does not provide broader industry context or trends.

Stakeholder Impact

• Shareholders: Minimal direct impact as these are routine, non-discretionary sales for tax purposes and represent a small fraction of the company's outstanding shares. They do not signal a change in the executive's confidence in the company.
• Employees: No direct impact indicated.
• Customers: No direct impact indicated.
• Suppliers: No direct impact indicated.
• Creditors: No direct impact indicated.

Key Dates

Keywords

Phreesia, PHR, SEC Form 4, Insider Transaction, Stock Sale, Executive Compensation, Restricted Stock Units, Tax Withholding, Sell-to-Cover