Form 4: Phreesia Inc. Director Lisa Egbuonu-Davis Sells 1,400 Shares

Director Lisa Egbuonu-Davis sold 1,400 shares of Phreesia Inc. (PHR) common stock at a price of $23.028 on September 12, 2024.

Summary

• On September 12, 2024, Lisa Egbuonu-Davis, a director of Phreesia Inc., sold 1,400 shares of the company's common stock.
• The transaction was executed at a price of $23.028 per share.
• Following the transaction, Egbuonu-Davis directly owns 18,139 shares of Phreesia Inc. common stock.

Sentiment

Score: 5

Explanation: This is a neutral disclosure of a stock sale by a company director. It doesn't inherently indicate positive or negative sentiment about the company's prospects.

Industry Context

Form 4 filings are standard disclosures required by the SEC when corporate insiders (officers, directors, or those holding more than 10% of a company's shares) buy or sell their company's stock. These filings provide transparency into insider transactions, allowing investors to see if those with inside knowledge of the company are buying or selling shares.

Stakeholder Impact

• The sale of shares by a director could be perceived negatively by shareholders, although a single transaction is unlikely to have a significant impact.

Key Dates