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

Phreesia Inc.'s Chief Operating Officer, Evan Roberts, sold 12,749 shares of common stock to cover tax obligations related to the settlement of restricted stock units.

Summary

• Evan Roberts, the Chief Operating Officer of Phreesia Inc., sold 12,749 shares of common stock on January 21, 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 $27.3107 per share.
• The transactions occurred at prices ranging from $27.025 to $27.66 per share.
• Following the transaction, Mr. Roberts beneficially owns 755,459 shares of Phreesia Inc. common stock.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction related to executive compensation and tax obligations, with no indication of positive or negative sentiment.

Industry Context

This is a routine transaction for 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

• Executive stock sales to cover tax obligations are a common practice across publicly traded companies.
• The sale of shares by Mr. Roberts is consistent with standard procedures for handling restricted stock unit vesting and associated tax liabilities.
• Similar transactions are regularly reported by executives at other companies in the technology and healthcare sectors.

Stakeholder Impact

• The sale of shares by an executive may have a minor impact on the stock price, but this is a routine transaction and not expected to have a significant impact on shareholders.

Key Dates

Keywords

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