Form 4: Phreesia Inc. COO Evan Roberts Sells Shares Under 10b5-1 Trading Plan
SEC Form 4 Filing
Evan Roberts, Chief Operating Officer of Phreesia Inc., executed sales of common stock on January 8, 2025, under a pre-arranged Rule 10b5-1 trading plan.
Summary
- On January 8, 2025, Evan Roberts, the Chief Operating Officer of Phreesia Inc., sold 1,689 shares of common stock at a weighted average price of $27.6161.
- He also sold 992 shares of common stock at a weighted average price of $28.5247.
- These transactions were executed under a Rule 10b5-1 trading plan adopted on July 17, 2024.
- Following these transactions, Roberts beneficially owns 769,993 shares of Phreesia Inc. common stock.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing related to stock sales by an executive. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure of insider trading activity. It is common for executives to use 10b5-1 plans to sell shares over time to avoid accusations of trading on inside information.
Stakeholder Impact
- The stock sales may have a minor impact on shareholders, potentially causing a slight decrease in stock price due to increased selling pressure.
Key Dates
| Date | Description |
|---|---|
| July 17, 2024 | Date the Reporting Person adopted a Rule 10b5-1 trading plan |
| January 08, 2025 | Date of stock sale transactions |
| January 10, 2025 | Date of Form 4 filing |
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