Form 4: Phreesia Inc. Principal Accounting Officer Sells Shares to Cover Tax Obligations

Yvonne Hui, Principal Accounting Officer of Phreesia Inc., sold shares of common stock on July 17 and 18, 2025, to cover tax withholding obligations and pursuant to a pre-arranged trading plan.

Summary

• Yvonne Hui, Principal Accounting Officer of Phreesia Inc., disposed of 465 shares of common stock on July 17, 2025, at a weighted average price of $26.8858.
• The shares were sold in multiple transactions with prices ranging from $26.38 to $27.29 per share.
• On July 18, 2025, Hui sold 626 shares of common stock at $26.23 per share.
• The transactions were executed to cover tax withholding obligations related to the settlement of restricted stock units and pursuant to a Rule 10b5-1 trading plan adopted on July 16, 2024.
• Following the reported transactions, Hui beneficially owns 29,190 shares of Phreesia Inc. common stock.

Sentiment

Score: 5

Explanation: The document is a routine disclosure of stock sales by an officer to cover tax obligations and executed under a pre-arranged trading plan. It does not contain information that would significantly impact market sentiment.

Positives

• The sales to cover tax obligations are part of a standard process related to the vesting of restricted stock units.
• The sales on July 18, 2025 were executed under a pre-arranged Rule 10b5-1 trading plan, indicating a planned and orderly approach to stock transactions.

Future Outlook

There is no future outlook provided in the document.

Industry Context

Sales of shares by company insiders are a common occurrence, particularly to cover tax obligations related to equity compensation. The use of a Rule 10b5-1 trading plan is a standard practice to avoid accusations of insider trading.

Comparison to Industry Standards

• The use of Rule 10b5-1 trading plans is a widespread practice among executives in publicly traded companies to manage stock sales in compliance with insider trading regulations. Companies like Veeva Systems and Cerner Corporation also see similar patterns of insider sales for tax purposes.
• The weighted average price of $26.8858 is within a normal range of stock price fluctuation for a company like Phreesia, and similar to price movements seen in comparable healthcare technology companies such as athenahealth and Castlight Health.

Stakeholder Impact

• The stock sales have a minimal impact on shareholders as they are related to tax obligations and are executed under a pre-arranged trading plan.
• The transactions do not directly affect employees, customers, suppliers, or creditors.

Key Dates

Keywords

Form 4, Phreesia Inc., Yvonne Hui, Principal Accounting Officer, Stock Sale, Rule 10b5-1, Tax Withholding, Restricted Stock Units