Form 4: Phreesia Inc. COO Evan Roberts Reports Acquisition of Restricted Stock Units

Evan Roberts, Chief Operating Officer of Phreesia Inc., reports the acquisition of 5,633 Restricted Stock Units (RSUs) in lieu of a cash bonus.

Summary

• On September 6, 2024, Evan Roberts, the Chief Operating Officer of Phreesia Inc., acquired 5,633 Restricted Stock Units (RSUs).
• These RSUs were granted in lieu of a cash bonus earned for the first half of the fiscal year ending January 31, 2025, under the Issuer's Senior Executive Cash Incentive Bonus Plan.
• Roberts elected to convert the cash bonus into RSUs representing 115% of the earned cash bonus amount.
• The number of RSUs granted is based on a per share value of $23.55, the closing price of Phreesia's common stock on September 6, 2024.
• The shares underlying these RSUs (excluding shares sold for tax purposes) must be held until the earlier of the one-year anniversary of the grant date or a Sale Event as defined in the Issuer's 2019 Stock Option and Incentive Plan.
• Following the transaction, Roberts beneficially owns 758,867 shares of common stock.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The acquisition of RSUs by the COO indicates confidence in the company's future performance. The conversion of a cash bonus into stock units further reinforces this positive sentiment.

Positives

• The acquisition of RSUs by the COO demonstrates his continued investment and alignment with the company's success.
• The conversion of a cash bonus into RSUs suggests a long-term commitment to the company's stock performance.

Future Outlook

The shares underlying the RSUs must be held by the Reporting Person until the earlier of (i) the one-year anniversary of the grant date or (ii) a Sale Event (as defined in the Issuer's 2019 Stock Option and Incentive Plan).

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the holdings and transactions of company executives.

Stakeholder Impact

• The transaction could have a minor positive impact on shareholder confidence due to the COO's increased stake in the company.

Key Dates