SCHEDULE: Phreesia Stakeholder Acquires More Shares

Pale Fire Capital SICAV a.s. has increased its stake in Phreesia, Inc. by acquiring additional shares.

Summary

• Pale Fire Capital SICAV a.s. (PFC SICAV) has acquired additional shares of Phreesia, Inc. common stock.
• These transactions occurred between March 31, 2026, and April 2, 2026.
• PFC SICAV now beneficially owns 8,924,329 shares, representing approximately 14.7% of the outstanding shares.
• The total purchase price for these shares, including commissions, was approximately $103,476,772.
• Other entities and individuals associated with Pale Fire Capital (PFC IS, Pale Fire Capital SE, Dusan Senkypl, Jan Barta) may also be deemed to beneficially own these shares due to their relationships.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this filing as neutral, as it reports on past transactions and increased ownership without providing new strategic information or financial performance indicators.

Positives

• Increased beneficial ownership by a significant stakeholder (Pale Fire Capital SICAV a.s.) to 14.7% of outstanding shares.
• Acquisition of a substantial number of shares (8,924,329) indicates confidence in the company's future prospects.
• Transactions were conducted in the open market, suggesting normal business operations.

Risks

• Increased ownership by a single entity could lead to concentrated influence on corporate decisions.
• The filing is an amendment to a Schedule 13D, indicating a change in ownership that may signal strategic intentions or concerns.

Future Outlook

No specific future outlook or guidance is provided in this filing, which primarily details past transactions and current ownership status.

Industry Context

StockSavvy.ai notes that significant stake acquisitions, as seen with Pale Fire Capital's increased holding in Phreesia, are common in the healthcare technology sector as investors seek to gain influence or capitalize on perceived undervaluation.

Stakeholder Impact

• Shareholders: May experience increased volatility or shifts in stock price due to the significant ownership increase by a single entity.
• Management: May face increased scrutiny or influence from Pale Fire Capital regarding strategic decisions.
• Potential Investors: May view the increased stake as a positive signal of conviction or a potential barrier to entry.

Next Steps

• Continued monitoring of Pale Fire Capital's ownership and potential influence on Phreesia, Inc.

Key Dates

Recommendation

The filing indicates a significant increase in beneficial ownership by Pale Fire Capital, but it does not provide new financial performance data or strategic guidance. This suggests a holding pattern is appropriate until further information clarifies the intent behind the increased stake.

Keywords

Phreesia, Schedule 13D, Pale Fire Capital, Common Stock, Shareholder, Acquisition, Beneficial Ownership, SEC Filing