Form 4: Phreesia Principal Accounting Officer Acquires Shares Through Employee Stock Purchase Plan
Insider Transaction Report
Yvonne Hui, Principal Accounting Officer of Phreesia, Inc., acquired 571 shares of common stock at $21.41 per share through the company's Employee Stock Purchase Plan.
Summary
- Yvonne Hui, Phreesia's Principal Accounting Officer, acquired 571 shares of Phreesia, Inc. common stock.
- The acquisition occurred on June 30, 2025, at a price of $21.41 per share.
- These shares were purchased through the Phreesia, Inc. 2019 Employee Stock Purchase Plan (ESPP).
- The purchase price represents 85% of the closing price of Phreesia's common stock on January 2, 2025.
- Following this transaction, Yvonne Hui directly beneficially owns 31,581 shares of Phreesia common stock.
- The transaction relates to the ESPP purchase period from January 1, 2025, through June 30, 2025.
Sentiment
Score: 7
Explanation: The acquisition of shares by a key officer through an ESPP is generally a positive signal, indicating confidence and alignment of interests. It's a routine transaction, so the positive impact is moderate rather than highly significant.
Positives
- An officer, Yvonne Hui, is increasing her direct ownership in the company, which can signal confidence in the company's future prospects.
- The purchase was made at a discounted price of $21.41 per share through the ESPP, indicating a benefit for participating employees.
Future Outlook
This Form 4 filing does not contain forward-looking statements or guidance.
Industry Context
This is an insider transaction report, which is specific to the company and its employee stock purchase plan. It does not directly relate to broader industry trends or competitors, other than indicating continued employee participation in equity programs common across industries.
Comparison to Industry Standards
- Employee Stock Purchase Plans (ESPPs) are a common benefit offered by publicly traded companies across various industries, including healthcare technology, to encourage employee ownership and align interests with shareholders.
- The 15% discount (85% of closing price) offered in Phreesia's ESPP is a standard discount often seen in such plans across the market.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Power of Attorney Delegation | Allison Hoffman, as attorney-in-fact for various Phreesia officers and directors, including Yvonne Hui, has appointed Autumn Simpson as a substitute attorney-in-fact to execute and file SEC documents. This delegation does not revoke Allison Hoffman's own powers. | 2025-06-23 | Streamlines the process of SEC filings for company insiders by providing an additional authorized signatory, ensuring continuity and efficiency in compliance. |
Stakeholder Impact
- Shareholders: Increased insider ownership can be viewed positively, signaling management's confidence in the company's future.
- Employees: The ESPP allows employees to purchase company stock at a discount, fostering employee ownership and aligning their financial interests with the company's performance.
Key Dates
| Date | Description |
|---|---|
| 2021-01-12 | Power of Attorney granted to Allison Hoffman by Chaim Indig, David Linetsky, Ramin Sayar, Mark Smith, Michael Weintraub. |
| 2021-01-19 | Power of Attorney granted to Allison Hoffman by Ed Cahill. |
| 2021-01-31 | Power of Attorney granted to Allison Hoffman by Lainie Goldstein, Gillian Munson, Evan Roberts, Amy VanDuyn. |
| 2023-03-24 | Power of Attorney granted to Allison Hoffman by Balaji Gandhi. |
| 2023-06-05 | Power of Attorney granted to Allison Hoffman by Lisa Egbuonu-Davis. |
| 2024-06-25 | Power of Attorney granted to Allison Hoffman by Yvonne Hui. |
| 2025-01-01 | Start of the ESPP purchase period. |
| 2025-01-02 | Date used to determine the closing price for ESPP share purchase calculation. |
| 2025-06-23 | Effective date of the Substitute Power of Attorney appointing Autumn Simpson. |
| 2025-06-30 | End of the ESPP purchase period and transaction date for Yvonne Hui's share acquisition. |
| 2025-07-02 | Date the Form 4 was signed by Allison Hoffman as Attorney-in-Fact. |
Recommendation
holdKeywords
Phreesia, PHR, Yvonne Hui, insider transaction, Form 4, stock acquisition, employee stock purchase plan, ESPP, common stock, officer, Principal Accounting Officer
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