Form 4: Phreesia Inc. General Counsel Sells Shares Under 10b5-1 Trading Plan

Allison C. Hoffman, General Counsel & Secretary of Phreesia Inc., sold 3,495 shares of common stock at $24.88 per share on December 18, 2024, under a pre-arranged 10b5-1 trading plan.

Summary

• Allison C. Hoffman, the General Counsel & Secretary of Phreesia Inc., executed a sale of company stock.
• The transaction involved the sale of 3,495 shares of common stock.
• The sale price was $24.88 per share.
• The transaction occurred on December 18, 2024.
• This sale was conducted under a pre-arranged Rule 10b5-1 trading plan adopted on September 17, 2024.
• Following the transaction, Ms. Hoffman directly owns 116,296 shares of Phreesia Inc. common stock.

Sentiment

Score: 5

Explanation: The document is a routine SEC filing related to an insider stock sale under a pre-arranged trading plan. It does not indicate any positive or negative sentiment about the company's performance.

Industry Context

This is a routine filing related to insider trading activity. It is common for executives to use 10b5-1 trading plans to avoid accusations of trading on inside information.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US, and are required by the SEC.
• The use of 10b5-1 trading plans is a common practice among corporate executives to manage their personal finances while avoiding potential insider trading issues.
• The volume of shares sold is relatively small compared to the total outstanding shares of Phreesia Inc., and is unlikely to have a significant impact on the stock price.

Stakeholder Impact

• The sale of shares by a company officer may be of interest to shareholders, but is unlikely to have a significant impact on the stock price due to the relatively small volume and the pre-arranged nature of the transaction.

Key Dates

Keywords

Phreesia, insider trading, stock sale, Form 4, 10b5-1 plan, Allison Hoffman, General Counsel, equity securities