Form 4: Phreesia General Counsel Acquires Shares Through Employee Stock Purchase Plan
Insider Transaction Report
Phreesia's General Counsel and Secretary, Allison C. Hoffman, acquired 302 shares of common stock through the company's Employee Stock Purchase Plan.
Summary
- Allison C. Hoffman, General Counsel and Secretary of Phreesia, Inc. (PHR), acquired 302 shares of common stock.
- The transaction occurred on June 30, 2025, at a price of $21.41 per share.
- The shares were purchased pursuant to the Phreesia, Inc. 2019 Employee Stock Purchase Plan (ESPP) for the purchase period of January 1, 2025, through June 30, 2025.
- The purchase price of $21.41 per share represents 85% of the closing price of Phreesia's common stock on January 2, 2025.
- Following this acquisition, Allison C. Hoffman beneficially owns a total of 138,223 shares of Phreesia common stock.
- A Substitute Power of Attorney was executed on June 23, 2025, by Allison Hoffman, appointing Autumn Simpson as a substitute attorney-in-fact to execute and file SEC documents on behalf of various Phreesia officers and directors.
Sentiment
Score: 7
Explanation: The acquisition of shares by a key executive through an employee stock purchase plan is generally viewed positively as it aligns management's interests with shareholders and indicates confidence, though it is a routine transaction and not indicative of extraordinary news.
Positives
- The acquisition of shares by a key executive, Allison C. Hoffman, through the Employee Stock Purchase Plan (ESPP) demonstrates confidence in the company's future prospects and aligns management's interests with shareholders.
- Shares were purchased at a discounted price of $21.41, which is 85% of the closing price on January 2, 2025, providing an immediate benefit to the executive.
Future Outlook
NA
Management Comments
- Allison C. Hoffman participated in the Phreesia, Inc. 2019 Employee Stock Purchase Plan, indicating engagement with employee benefit programs designed to foster employee ownership.
Industry Context
This Form 4 filing represents a routine insider transaction, common across publicly traded companies where executives participate in employee stock purchase plans to acquire company shares.
Management Changes
| Role | Previous Person | New Person | Effective Date | Reason |
|---|---|---|---|---|
| Substitute Attorney-in-Fact | NA | Autumn Simpson | June 23, 2025 | Appointed by Allison Hoffman under existing powers of attorney to assist with SEC filings for various officers and directors. |
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Appointment of Substitute Attorney-in-Fact | Allison Hoffman, acting under existing powers of attorney, appointed Autumn Simpson as a substitute attorney-in-fact to execute and file SEC documents on behalf of various Phreesia officers and directors. | June 23, 2025 | This change streamlines the process for SEC filings by providing an additional authorized individual to act on behalf of company insiders, enhancing administrative efficiency for corporate governance. |
Related Party Transactions
- Allison C. Hoffman, an officer of Phreesia, Inc., acquired shares through the company's 2019 Employee Stock Purchase Plan (ESPP), which allows eligible employees to purchase company stock at a discounted price.
Stakeholder Impact
- Shareholders: The acquisition of shares by a key executive aligns management's financial interests with those of the shareholders, potentially fostering greater confidence.
- Employees: The transaction highlights the availability and utilization of the Employee Stock Purchase Plan, a common benefit program that allows employees to participate in company ownership.
Key Dates
| Date | Description |
|---|---|
| January 12, 2021 | Date of Power of Attorney for Allison Hoffman, Chaim Indig, David Linetsky, Ramin Sayar, Mark Smith, and Michael Weintraub. |
| January 19, 2021 | Date of Power of Attorney for Ed Cahill. |
| January 31, 2021 | Date of Power of Attorney for Lainie Goldstein, Gillian Munson, Evan Roberts, and Amy VanDuyn. |
| March 24, 2023 | Date of Power of Attorney for Balaji Gandhi. |
| June 5, 2023 | Date of Power of Attorney for Lisa Egbuonu-Davis. |
| June 25, 2024 | Date of Power of Attorney for Yvonne Hui. |
| January 1, 2025 | Start of the ESPP purchase period. |
| January 2, 2025 | Date used for calculating the ESPP purchase price (85% of closing price). |
| June 23, 2025 | Effective date of the Substitute Power of Attorney appointing Autumn Simpson. |
| June 30, 2025 | Transaction date for the common stock acquisition and end of the ESPP purchase period. |
| July 2, 2025 | Signature date of the Form 4 filing by Allison C. Hoffman. |
Recommendation
holdKeywords
Phreesia, PHR, insider transaction, Form 4, stock acquisition, ESPP, employee stock purchase plan, Allison Hoffman, General Counsel, SEC filing, corporate governance, Power of Attorney
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