Form 4: Phreesia Inc. SVP, Human Resources, Amy Beth VanDuyn, Executes Stock Sale Under 10b5-1 Plan
SEC Form 4 Filing
Amy Beth VanDuyn, SVP of Human Resources at Phreesia Inc., sold 25,447 shares of common stock at a weighted average price of $20.9282 per share.
Summary
- Amy Beth VanDuyn, the SVP of Human Resources at Phreesia Inc., sold 25,447 shares of common stock on December 3, 2024.
- The sale was executed under a pre-arranged Rule 10b5-1 trading plan adopted on April 18, 2024.
- The shares were sold at a weighted average price of $20.9282 per share, with individual transaction prices ranging from $20.665 to $21.375.
- Following the transaction, Ms. VanDuyn directly owns 93,470 shares of Phreesia Inc. common stock.
Sentiment
Score: 5
Explanation: The document is a routine SEC filing related to an executive's stock sale under a pre-arranged 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 and is common for executives of publicly traded companies. The use of a 10b5-1 plan is a common practice to avoid accusations of insider trading.
Comparison to Industry Standards
- The use of a 10b5-1 trading plan is a standard practice among executives at publicly traded companies to manage their stock sales and avoid insider trading accusations.
- The reported price range and weighted average price are typical for market transactions of this nature.
- Similar filings are regularly made by executives at comparable companies such as Teladoc Health, Veeva Systems, and athenahealth.
Stakeholder Impact
- The stock sale by an executive may have a minor impact on shareholder sentiment, but it is unlikely to significantly affect the company's operations or financial health.
Key Dates
| Date | Description |
|---|---|
| 04/18/2024 | Date the Rule 10b5-1 trading plan was adopted by Amy Beth VanDuyn. |
| 12/03/2024 | Date of the stock sale transaction. |
| 12/05/2024 | Date the Form 4 was signed. |
Keywords
Phreesia Inc., stock sale, Form 4, Rule 10b5-1, insider trading, Amy Beth VanDuyn, executive compensation, equity securities
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