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

Allison Hoffman, General Counsel & Secretary of Phreesia Inc., sold 800 shares of common stock on July 16, 2024, to cover tax withholding obligations related to the settlement of restricted stock units.

Summary

• On July 16, 2024, Allison Hoffman, the General Counsel & Secretary of Phreesia Inc., disposed of 800 shares of common stock.
• The shares were sold at a price of $23.7356 per share.
• The transaction was executed to cover tax withholding obligations related to the settlement of restricted stock units, as per the issuer's mandatory sell-to-cover policy.
• Following the transaction, Hoffman directly owns 135,113 shares of Phreesia Inc. common stock.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction (sell-to-cover) and doesn't inherently indicate positive or negative sentiment regarding the company's prospects.

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track ownership changes and potential sentiment.

Stakeholder Impact

• The sale of shares by an executive could have a minor impact on shareholder sentiment, but the reason for the sale (tax obligations) is generally understood and accepted.

Key Dates