Form 4: Phreesia Inc. Executive Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Allison Hoffman, General Counsel & Secretary of Phreesia Inc., sold 1,212 shares of common stock to cover tax withholding obligations related to the settlement of restricted stock units.
Summary
- On October 15, 2024, Allison Hoffman, General Counsel & Secretary of Phreesia Inc., disposed of 1,212 shares of common stock.
- The shares were sold at a weighted average price of $21.0251 per share, with individual transactions ranging from $20.755 to $21.34 per share.
- The sale was conducted to cover tax withholding obligations related to the settlement of an award of restricted stock units, in accordance with Phreesia's mandatory sell-to-cover policy.
- Following the transaction, Hoffman directly owns 119,791 shares of Phreesia Inc. common stock.
Sentiment
Score: 5
Explanation: Neutral sentiment as the filing relates to a routine transaction for tax purposes and doesn't indicate any significant change in the executive's position or the company's outlook.
Industry Context
This is a routine Form 4 filing, reflecting an insider transaction to cover tax obligations. Such transactions are common and don't necessarily indicate a change in the executive's confidence in the company.
Key Dates
| Date | Description |
|---|---|
| 10/15/2024 | Date of the transaction (sale of shares). |
| 10/17/2024 | Date of signature on the Form 4 filing. |
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