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

Allison Hoffman, General Counsel & Secretary of Phreesia, Inc., sold shares to cover tax withholding obligations related to the settlement of restricted stock units.

Summary

• On August 26, 2024, Allison Hoffman, General Counsel & Secretary of Phreesia, Inc., disposed of 14,110 shares of common stock.
• The shares were sold at a weighted average price of $26.027 per share.
• The sale was 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 transaction, Hoffman directly owns 121,003 shares of Phreesia, Inc.
• The shares were sold in multiple transactions at prices ranging from $25.515 to $26.36 per share.

Sentiment

Score: 5

Explanation: Neutral sentiment as this is a routine transaction to cover tax obligations and doesn't indicate a change in the executive's confidence in the company.

Industry Context

This is a routine Form 4 filing, reflecting an insider transaction related to tax obligations. Such filings are common and provide transparency into the trading activities of company executives.

Stakeholder Impact

• The sale of shares by an executive could have a minor impact on shareholder sentiment, but is unlikely to be significant given the reason for the sale.

Key Dates