Form 4: Phreesia Inc. Principal Accounting Officer, Yvonne Hui, Reports Stock Transactions

Yvonne Hui, Principal Accounting Officer of Phreesia Inc., reports the acquisition of 13,000 shares of common stock and the disposal of 283 shares to cover tax obligations.

Summary

• On July 15, 2024, Yvonne Hui, Principal Accounting Officer of Phreesia Inc., acquired 13,000 shares of common stock at a price of $22.82 per share.
• These shares were granted as restricted stock units (RSUs) under the company's 2019 Stock Option and Incentive Plan.
• The RSUs vest over four years: 10% on July 15, 2025, 20% on July 15, 2026, 30% on July 15, 2027, and 40% on July 15, 2028, contingent upon continued service.
• On July 16, 2024, Ms. Hui disposed of 283 shares at a price of $23.7356 per share.
• This disposal was a non-discretionary transaction to cover tax withholding obligations related to the RSU settlement.
• Following these transactions, Ms. Hui beneficially owns 28,714 shares of Phreesia Inc. common stock.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it reflects routine stock transactions by a company officer. The RSU grant is a positive sign of aligning management interests, but the tax-related sale is a standard procedure.

Positives

• The grant of RSUs to a key officer like the Principal Accounting Officer can be seen as an incentive to align their interests with the long-term performance of the company.

Future Outlook

The document does not contain any specific forward-looking statements regarding the company's future performance.

Industry Context

Form 4 filings are a routine part of the regulatory landscape for publicly traded companies, providing transparency into the transactions of company insiders. This filing indicates standard compensation practices through stock-based awards.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect standard executive compensation practices.

Key Dates