Form 4: Phreesia Inc. SVP, Human Resources Sells Shares to Cover Tax Obligations

Amy Beth VanDuyn, SVP of Human Resources at Phreesia Inc., sold 4,720 shares of common stock to cover tax obligations related to a restricted stock unit settlement.

Summary

• Amy Beth VanDuyn, the Senior Vice President of Human Resources at Phreesia Inc., sold 4,720 shares of the company's common stock on January 21, 2025.
• The sale was executed at a weighted average price of $27.3107 per share.
• The shares were sold to cover tax withholding obligations associated with the settlement of a restricted stock unit award.
• The transactions were non-discretionary and conducted under the company's mandatory sell-to-cover policy.
• Following the transaction, Ms. VanDuyn beneficially owns 110,309 shares of Phreesia Inc. common stock.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction related to executive compensation and does not indicate any positive or negative sentiment towards the company's performance or future prospects.

Industry Context

This is a routine transaction for executives who receive equity compensation. It is common for executives to sell shares to cover tax obligations when restricted stock units vest.

Comparison to Industry Standards

• The sale of shares by executives to cover tax obligations is a common practice across publicly traded companies.
• Many companies have similar sell-to-cover policies to manage tax liabilities associated with equity compensation.
• The price range of $27.025 to $27.66 per share is within the typical trading range for Phreesia stock at the time of the transaction.

Stakeholder Impact

• The sale of shares by an executive may have a minor impact on the stock price, but it is generally considered a routine transaction.

Key Dates

Keywords

Phreesia Inc., insider trading, stock sale, Form 4, restricted stock units, tax obligations, equity compensation, human resources