Form 4: Phreesia Inc. Executive Allison Hoffman Sells Shares to Cover Tax Obligations and Under 10b5-1 Plan

Allison Hoffman, General Counsel & Secretary of Phreesia, Inc., sold shares of common stock to cover tax obligations and under a pre-arranged 10b5-1 trading plan.

Summary

• On September 10, 2024, Allison Hoffman, General Counsel & Secretary of Phreesia, Inc., sold 2,622 shares of common stock at a weighted average price of $23.2502 per share.
• These shares were sold to cover tax withholding obligations related to the settlement of restricted stock units.
• On September 11, 2024, Hoffman sold an additional 2,072 shares of common stock at a price of $23.36 per share.
• This transaction was executed under a Rule 10b5-1 trading plan adopted on December 20, 2023.
• Following these transactions, Hoffman directly owns 121,003 shares of Phreesia, Inc. common stock.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the filing simply reports stock sales for tax purposes and under a pre-existing trading plan, which are common practices.

Industry Context

Insider trading activity is always closely watched by investors as it can provide signals, though in this case the sales appear to be for routine tax obligations and pre-planned diversification.

Stakeholder Impact

• The stock sales may have a minor impact on shareholders due to the increased supply of shares in the market, but the impact is likely to be minimal given the relatively small number of shares sold.

Key Dates