Form 4: Phreesia Inc. Executive David Linetsky Sells Shares to Cover Tax Obligations
SEC Form 4
David Linetsky, SVP of Life Sciences at Phreesia, Inc., sold shares of common stock to cover tax withholding obligations related to the settlement of restricted stock units.
Summary
- On April 8, 2024, David Linetsky, SVP of Life Sciences at Phreesia, Inc., sold shares of Phreesia's common stock.
- The sales were executed in multiple transactions at weighted average prices of $22.6161 and $23.0163 per share.
- A total of 3,916 shares were sold directly by Linetsky, and 2 shares were sold indirectly by his spouse.
- These transactions were conducted to cover tax withholding obligations related to the settlement of an award of restricted stock units, as per the issuer's mandatory sell-to-cover policy.
- Following the reported transactions, Linetsky directly owns 206,250 shares and indirectly owns 7,356 shares through his spouse.
Sentiment
Score: 5
Explanation: Neutral sentiment as the document simply reports stock sales for tax obligations, a common practice.
Industry Context
This is a routine Form 4 filing, indicating transactions by a company insider. Such filings are common and provide transparency into the trading activities of company executives.
Key Dates
| Date | Description |
|---|---|
| 04/08/2024 | Date of the stock sale transactions. |
| 04/10/2024 | Date of the signature on the Form 4 filing. |
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