Form 4: Phreesia Inc. COO Evan Roberts Sells Shares to Cover Tax Obligations

Evan Roberts, Chief Operating Officer of Phreesia Inc., sold 1,669 shares of common stock on July 16, 2024, to cover tax withholding obligations related to the settlement of restricted stock units.

Summary

• On July 16, 2024, Evan Roberts, the Chief Operating Officer of Phreesia Inc., disposed of 1,669 shares of the company's common stock.
• The shares were sold at a price of $23.7356 per share.
• The transaction was executed to cover the reporting person's tax withholding obligations in connection with the settlement of an award of restricted stock units, pursuant to the Issuer's mandatory sell-to-cover policy.
• Following the transaction, Roberts still beneficially owns 753,234 shares of Phreesia Inc. common stock.

Sentiment

Score: 5

Explanation: The document describes a routine transaction (sale of shares to cover tax obligations) and does not contain any information that would significantly impact investor sentiment positively or negatively.

Industry Context

Sales of shares to cover tax obligations upon vesting of restricted stock units are a common practice among corporate executives and are generally not indicative of a negative outlook on the company's future performance.

Stakeholder Impact

• The sale of shares by a company executive could be perceived negatively by some shareholders, but the impact is likely to be minimal given the reason for the sale (tax obligations) and the relatively small number of shares involved.

Key Dates