Form 4: Phreesia Inc. COO Sells 25,000 Shares Under 10b5-1 Trading Plan

Phreesia Inc.'s Chief Operating Officer, Evan Roberts, sold 25,000 shares of common stock at an average price of $24.0864 per share, as part of a pre-arranged trading plan.

Summary

• Evan Roberts, the Chief Operating Officer of Phreesia Inc., sold 25,000 shares of the company's common stock on December 10, 2024.
• The sale was executed under a pre-arranged Rule 10b5-1 trading plan adopted on July 17, 2024.
• The shares were sold at a weighted average price of $24.0864 per share, with individual transaction prices ranging from $24.000 to $24.265.
• Following the transaction, Roberts directly owns 728,876 shares of Phreesia Inc. common stock.

Sentiment

Score: 5

Explanation: The document reflects a routine insider transaction under a pre-arranged plan, which is neither positive nor negative for the company's outlook.

Risks

• Sales by company executives can sometimes be perceived negatively by the market, potentially impacting the stock price.

Industry Context

This is a routine disclosure of an insider stock sale, which is common for executives of publicly traded companies. The use of a 10b5-1 plan indicates the sale was pre-planned and not based on any non-public information.

Comparison to Industry Standards

• Rule 10b5-1 trading plans are a common practice among executives at publicly traded companies to avoid accusations of insider trading.
• The sale of 25,000 shares is not unusual for an executive and is within the typical range of such transactions.
• The price range of $24.000 to $24.265 is consistent with the market price of Phreesia Inc. stock at the time of the transaction.

Stakeholder Impact

• The sale of shares by an executive may cause some short-term fluctuations in the stock price, but is unlikely to have a significant long-term impact on shareholders.

Key Dates

Keywords

Phreesia Inc, insider trading, Form 4, stock sale, Rule 10b5-1, Evan Roberts, executive sale, share transaction