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

Phreesia Inc.'s Chief Operating Officer, Evan Roberts, sold 1,785 shares of common stock to cover tax obligations related to a restricted stock unit settlement.

Summary

• Evan Roberts, the Chief Operating Officer of Phreesia Inc., sold 1,785 shares of common stock on January 15, 2025.
• 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 $26.9813 per share.
• The transactions occurred at prices ranging from $26.6905 to $27.38 per share.
• Following the transaction, Roberts beneficially owns 768,208 shares of Phreesia Inc. common stock.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction for tax purposes, with no indication of positive or negative sentiment.

Industry Context

This is a routine transaction for company executives who receive stock-based compensation. It is common for executives to sell shares to cover tax obligations when restricted stock units vest.

Comparison to Industry Standards

• Sales of shares by executives to cover tax obligations are a common practice across the industry.
• The price range of the sale is within the typical trading range for Phreesia Inc. stock.
• The number of shares sold is relatively small compared to the total shares held by the executive.

Stakeholder Impact

• The sale of shares by the COO has a minimal impact on shareholders as it is a small transaction.

Key Dates

Keywords

Phreesia Inc., Evan Roberts, stock sale, insider trading, tax obligations, restricted stock units, Form 4, securities