Form 4: Phreesia Inc. COO Evan Roberts Reports Stock Sale to Cover Tax Obligations

Evan Roberts, Chief Operating Officer of Phreesia Inc., sold 1,843 shares of common stock on October 15, 2024, to cover tax withholding obligations related to the settlement of restricted stock units.

Summary

• On October 15, 2024, Evan Roberts, the Chief Operating Officer of Phreesia Inc., disposed of 1,843 shares of Phreesia's common stock.
• 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 $21.0251, with individual transactions ranging from $20.755 to $21.34 per share.
• Following the transaction, Roberts directly owns 753,876 shares of Phreesia Inc. common stock.

Sentiment

Score: 5

Explanation: This is a neutral event. The sale of shares to cover tax obligations is a common practice and doesn't necessarily indicate a positive or negative outlook for the company.

Industry Context

Form 4 filings are a routine part of the US stock market and are required by the SEC to ensure transparency when company insiders trade their company's stock. This filing indicates that the COO sold shares to cover tax obligations, which is a common practice.

Stakeholder Impact

• The sale of shares by a company executive could have a minor impact on shareholder sentiment, but is unlikely to have a significant effect given the reason for the sale.

Key Dates