Form 4: Phreesia Inc. Executive Allison C. Hoffman Sells Shares
SEC Form 4
Allison C. Hoffman, General Counsel & Secretary of Phreesia Inc., sold shares of common stock on April 8th and 9th, 2024, according to a Form 4 filing with the SEC.
Summary
- Allison C. Hoffman, General Counsel & Secretary of Phreesia Inc., reported the sale of common stock in a Form 4 filing.
- On April 8, 2024, she sold 5,494 shares at a weighted average price of $22.6161, with prices ranging from $22.00 to $22.98.
- An additional 55 shares were sold on April 8, 2024, at a weighted average price of $23.0163, with prices ranging from $23.00 to $23.04.
- On April 9, 2024, she sold 4,626 shares at a weighted average price of $23.4241, with prices ranging from $22.885 to $23.78.
- These transactions were executed under a Rule 10b5-1 trading plan adopted on December 20, 2023.
- Some shares were sold to cover tax withholding obligations related to the settlement of restricted stock units.
Sentiment
Score: 5
Explanation: This is a routine disclosure of stock sales by an insider. The sales appear to be planned under a 10b5-1 trading plan, which mitigates concerns about opportunistic trading. The sentiment is neutral.
Industry Context
Form 4 filings are a routine part of the regulatory landscape, providing transparency into the trading activities of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.
Stakeholder Impact
- The stock sales by a company insider could be perceived negatively by some shareholders, potentially leading to a slight decrease in stock price.
Key Dates
| Date | Description |
|---|---|
| 2023-12-20 | Date of adoption of Rule 10b5-1 trading plan |
| 2024-04-08 | Date of first reported stock sale |
| 2024-04-09 | Date of second reported stock sale |
| 2024-04-10 | Date of Form 4 filing |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.