Form 4: Phreesia Inc. COO Evan Roberts Sells Shares to Cover Tax Obligations
SEC Form 4
Phreesia Inc.'s Chief Operating Officer, Evan Roberts, disposed of shares to cover tax withholding obligations related to the settlement of performance-based restricted stock units.
Summary
- On January 27, 2025, Evan Roberts, the Chief Operating Officer of Phreesia, Inc., sold shares of common stock to cover tax obligations.
- A total of 7,481 shares were sold at a weighted average price of $27.1848, with individual transactions ranging from $26.75 to $27.74 per share.
- An additional 3,235 shares were sold at a weighted average price of $28.1505, with individual transactions ranging from $27.75 to $28.39 per share.
- Following these transactions, Roberts beneficially owns 764,307 shares of Phreesia Inc. common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing share sales for tax purposes, which is neutral in sentiment.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, which are common occurrences in publicly traded companies. It provides transparency into the trading activities of company executives.
Stakeholder Impact
- The share sales may have a minor impact on shareholders due to the increased supply of shares in the market, but the effect is likely minimal given the relatively small number of shares sold compared to the total outstanding.
Key Dates
| Date | Description |
|---|---|
| 01/27/2025 | Date of the share sale transactions. |
| 01/29/2025 | Date of signature for the Form 4 filing. |
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