Form 4: Phreesia Officer Sells Shares for Tax Obligations

Phreesia's President of Network Solutions, David Linetsky, sold 78 shares of common stock to cover tax withholding obligations related to restricted stock units.

Summary

• David Linetsky, President of Network Solutions at Phreesia, Inc. (PHR), disposed of 78 shares of common stock.
• The transaction occurred on August 18, 2025, at a weighted average price of $29.1555 per share, with prices ranging from $28.77 to $29.40.
• The sale was non-discretionary and executed under a Rule 10b5-1 plan, specifically to satisfy tax withholding obligations upon the settlement of restricted stock units.
• Following this transaction, Linetsky directly beneficially owns 191,447 shares of common stock and indirectly owns 9,717 shares through his spouse.

Sentiment

Score: 5

Explanation: The transaction is neutral as it represents a mandatory sale to cover tax obligations from RSU vesting, rather than a discretionary sale based on a change in investment outlook.

Future Outlook

The filing does not contain any forward-looking statements or guidance regarding the company's future performance or strategic direction.

Industry Context

This Form 4 filing details a routine, non-discretionary insider transaction for tax purposes, which is common across all industries when restricted stock units vest. It does not provide broader insights into industry trends or competitive landscape.

Stakeholder Impact

• Shareholders: The sale of 78 shares is a very small percentage of the company's outstanding shares and the insider's total holdings, thus having negligible impact on overall share dilution or market sentiment.
• Employees: The transaction is a standard part of executive compensation and tax management, with no direct impact on other employees.

Key Dates

Recommendation

This Form 4 filing details a routine, non-discretionary sale of a small number of shares by an officer to cover tax obligations related to restricted stock unit vesting. Such transactions are common and typically do not indicate a change in the insider's view of the company's prospects. Therefore, it provides no new information that would warrant a change in investment recommendation.

Keywords

Phreesia, PHR, Insider Trading, Form 4, Stock Sale, Restricted Stock Units, Tax Withholding, Officer Transaction