Form 4: Phreesia SVP Amy Beth VanDuyn Sells Shares to Cover Tax Obligations and Under 10b5-1 Plan

Amy Beth VanDuyn, SVP of Human Resources at Phreesia, Inc., sold shares of common stock on April 8th and 9th, 2024, to cover tax obligations and under a pre-arranged 10b5-1 trading plan.

Summary

• Amy Beth VanDuyn, SVP of Human Resources at Phreesia, Inc., reported the sale of Phreesia common stock.
• The transactions occurred on April 8th and 9th, 2024.
• A total of 7,122 shares were sold.
• Some shares were sold to cover tax withholding obligations related to the settlement of restricted stock units.
• Other shares were sold pursuant to a Rule 10b5-1 trading plan adopted on January 19, 2023.
• The sales prices ranged from $22.00 to $23.79 per share.
• Following the reported transactions, VanDuyn beneficially owns 119,695 shares of Phreesia common stock.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing related to insider trading. It doesn't inherently convey positive or negative sentiment, as it simply reports transactions. The use of a 10b5-1 plan is generally viewed neutrally.

Industry Context

This is a routine Form 4 filing, indicating transactions by a company insider. Such filings are common and provide transparency into the trading activities of company executives and directors. The use of a 10b5-1 plan suggests the insider is selling shares in a pre-planned manner to avoid accusations of trading on inside information.

Stakeholder Impact

• The stock sales by a company insider could have a minor impact on shareholder sentiment, but the existence of a 10b5-1 plan mitigates concerns about opportunistic trading.

Key Dates