Form 4: Phreesia SVP David Linetsky Reports Stock Sales to Cover Tax Obligations

David Linetsky, SVP of Life Sciences at Phreesia, Inc., reported selling shares of common stock to cover tax withholding obligations related to the settlement of restricted stock units (RSUs).

Summary

• David Linetsky, SVP of Life Sciences at Phreesia, Inc. (PHR), filed a Form 4 detailing changes in beneficial ownership.
• On September 17, 2024, Linetsky disposed of 36 shares of common stock at a price of $24.7651 per share.
• On September 18, 2024, Linetsky disposed of 61 shares of common stock at a price of $24.0866 per share.
• These sales were non-discretionary transactions to cover tax withholding obligations related to the settlement of RSUs, as per the issuer's mandatory sell-to-cover policy.
• Following these transactions, Linetsky directly owns 203,318 shares of Phreesia, Inc. common stock.
• His spouse indirectly owns 8,995 shares.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the filing simply reports stock sales for tax purposes, a common and expected practice.

Industry Context

Form 4 filings are standard practice for company insiders to report transactions in their company's stock, providing transparency to investors.

Stakeholder Impact

• The stock sales are unlikely to have a significant impact on stakeholders as they are related to tax obligations and represent a small portion of the reporting person's holdings.

Key Dates