Form 4: Phreesia Inc. Executive Allison Hoffman Sells Shares to Cover Tax Obligations

Allison Hoffman, General Counsel & Secretary of Phreesia Inc., sold shares of common stock on January 27 and 28, 2025, to cover tax withholding obligations and pursuant to a pre-arranged trading plan.

Summary

• Allison Hoffman, General Counsel & Secretary of Phreesia Inc., reported the sale of Phreesia Inc. common stock on January 27 and 28, 2025.
• The sales were executed in multiple transactions at varying prices.
• On January 27, 2025, 4,577 shares were sold at a weighted average price of $27.1848, with prices ranging from $26.75 to $27.74.
• An additional 1,979 shares were sold on January 27, 2025, at a weighted average price of $28.1505, with prices ranging from $27.75 to $28.39.
• On January 28, 2025, 6,235 shares were sold at $28.50 per share.
• These transactions were partly to cover tax withholding obligations related to the settlement of performance-based restricted stock units and partly executed under a Rule 10b5-1 trading plan adopted on September 17, 2024.
• Following these transactions, Hoffman directly owns 146,126 shares of Phreesia Inc. common stock.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock sales by an executive. It doesn't inherently convey positive or negative sentiment, as it's a routine disclosure.

Industry Context

This filing is a routine disclosure of stock sales by a company insider. Such transactions are common and often related to personal financial planning or tax obligations. The use of a 10b5-1 trading plan suggests the sales were pre-planned and not based on inside information.

Stakeholder Impact

• The stock sales by a company insider could have a minor negative impact on shareholder sentiment, but the impact is likely to be minimal given the routine nature of the transactions and the use of a pre-arranged trading plan.

Key Dates