Form 4: Phreesia Inc. Executive Allison C. Hoffman Reports Sale of Common Stock
SEC Form 4
Allison C. Hoffman, General Counsel & Secretary of Phreesia Inc., reports the sale of 1,238 shares of common stock on April 15, 2024, to cover tax obligations.
Summary
- On April 15, 2024, Allison C. Hoffman, General Counsel & Secretary of Phreesia Inc., sold 1,238 shares of common stock.
- The sale was executed at a weighted average price of $22.8574 per share, with individual transactions ranging from $22.63 to $23.06.
- The sale was non-discretionary and intended to cover tax withholding obligations related to the settlement of restricted stock units.
- Following the transaction, Hoffman directly owns 135,621 shares of Phreesia Inc. common stock.
Sentiment
Score: 5
Explanation: The Form 4 filing represents a routine transaction (sale of shares for tax purposes) and doesn't inherently indicate positive or negative sentiment towards the company's prospects.
Industry Context
Executive stock sales are a common occurrence and are often related to compensation and tax planning. The sale itself doesn't necessarily indicate a negative outlook on the company.
Stakeholder Impact
- The sale of shares by an executive could have a minor impact on shareholder sentiment, but is unlikely to have a significant impact given the relatively small number of shares sold.
Key Dates
| Date | Description |
|---|---|
| 04/15/2024 | Date of stock sale transaction |
| 04/17/2024 | Date of Form 4 signature |
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