Form 4: Phreesia Inc. Principal Accounting Officer Sells Shares to Cover Tax Obligations and Under 10b5-1 Plan
SEC Form 4 Filing
Yvonne Hui, Principal Accounting Officer of Phreesia Inc., sold shares of common stock to cover tax obligations and under a pre-arranged 10b5-1 trading plan.
Summary
- Yvonne Hui, the Principal Accounting Officer of Phreesia Inc., reported the sale of Phreesia Inc. [PHR] common stock on April 8 and 9, 2025.
- The sales were executed to cover tax withholding obligations related to the settlement of restricted stock units and under a Rule 10b5-1 trading plan.
- On April 8, 2025, 1,148 shares were sold at a weighted average price of $23.4568, with prices ranging from $23.00 to $23.995 per share.
- An additional 730 shares were sold on April 8, 2025, at a weighted average price of $24.475, with prices ranging from $24.00 to $24.915 per share.
- On April 9, 2025, 2,802 shares were sold at $23.23 per share.
- Following these transactions, Yvonne Hui directly owns 25,647 shares of Phreesia Inc. common stock.
- The sales on April 9, 2025, were executed under a Rule 10b5-1 trading plan adopted on July 16, 2024.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing relates to routine stock sales for tax obligations and a pre-arranged trading plan, with no indication of a change in the insider's view of the company's prospects.
Industry Context
This filing reflects routine transactions by a company insider to manage personal finances and comply with tax obligations, and to execute a pre-arranged trading plan. Such transactions are common and do not necessarily indicate a change in the insider's view of the company's prospects.
Comparison to Industry Standards
- Insider sales are a common occurrence in publicly traded companies.
- The use of 10b5-1 trading plans is a standard practice to avoid accusations of insider trading, allowing insiders to sell shares at predetermined times and prices.
- Comparable companies such as Veeva Systems and Allscripts Healthcare Solutions also see regular Form 4 filings related to insider transactions.
Key Dates
| Date | Description |
|---|---|
| 07/16/2024 | Date of adoption of Rule 10b5-1 trading plan |
| 04/08/2025 | Date of stock sales to cover tax obligations |
| 04/09/2025 | Date of stock sales under Rule 10b5-1 trading plan |
| 04/10/2025 | Date of Form 4 filing |
Keywords
Form 4, Phreesia Inc., Yvonne Hui, Principal Accounting Officer, Stock Sale, Rule 10b5-1, Tax Obligations, PHR
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