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

Amy Beth VanDuyn, SVP of Human Resources at Phreesia Inc., sold 1,311 shares of common stock to cover tax obligations related to a restricted stock unit settlement.

Summary

• Amy Beth VanDuyn, a Senior Vice President at Phreesia Inc., sold 1,311 shares of common stock on January 6, 2025.
• The sale was executed at a weighted average price of $26.6055 per share.
• The shares were sold to cover tax withholding obligations related to the settlement of a restricted stock unit award.
• The transactions were non-discretionary and occurred under the company's mandatory sell-to-cover policy.
• The price per share ranged from $26.26 to $26.91 across multiple transactions.
• Following the transaction, Ms. VanDuyn beneficially owns 115,633 shares of Phreesia Inc. common stock.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction related to executive compensation and does not indicate any positive or negative sentiment.

Industry Context

This is a routine transaction for executives who receive stock-based compensation. It is common for executives to sell shares to cover tax obligations when restricted stock units vest.

Comparison to Industry Standards

• The sale of shares to cover tax obligations is a standard practice among publicly traded companies.
• Many companies have similar mandatory sell-to-cover policies for their employees.
• The price range of $26.26 to $26.91 is within the typical trading range for Phreesia stock.

Stakeholder Impact

• The sale of shares by an executive may have a minor impact on the stock price, but it is not expected to be significant.

Key Dates

Keywords

Phreesia Inc., insider trading, Form 4, stock sale, restricted stock units, tax obligations, executive compensation, equity securities