Form 4: Phreesia SVP David Linetsky Sells Over 23,000 Shares Under Pre-Arranged Trading Plan
Insider Transaction Report
Phreesia, Inc. SVP David Linetsky sold 23,729 shares of common stock for approximately $28.50 per share on June 27, 2025, as part of a pre-arranged Rule 10b5-1 trading plan.
Summary
- David Linetsky, Senior Vice President of Network Solutions at Phreesia, Inc. (PHR), sold 23,729 shares of the company's common stock.
- The transaction occurred on June 27, 2025.
- The shares were sold at a weighted average price of $28.4966 per share, with individual transaction prices ranging from $28.42 to $28.765.
- This sale was executed pursuant to a Rule 10b5-1 trading plan that Mr. Linetsky adopted on January 15, 2025.
- Following this transaction, Mr. Linetsky directly beneficially owns 193,510 shares of common stock and indirectly owns an additional 9,795 shares through his spouse.
Sentiment
Score: 5
Explanation: The transaction is a routine insider sale executed under a pre-arranged Rule 10b5-1 trading plan, which typically indicates a planned liquidity event rather than a reaction to new company-specific information.
Industry Context
Form 4 filings are standard regulatory disclosures for insider transactions across all industries, providing transparency into executive and director stock ownership changes. Transactions executed under Rule 10b5-1 plans are common for corporate insiders to manage liquidity and diversify holdings in a pre-planned, compliant manner.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Delegation of Authority (Substitution) | Allison Hoffman, acting as attorney-in-fact for various officers and directors of Phreesia, Inc., including David Linetsky, has appointed Autumn Simpson as a substitute attorney-in-fact. Autumn Simpson is now authorized with full power of substitution to execute and file SEC documents on behalf of these individuals. | June 23, 2025 | This ensures continuity and efficiency in the process of preparing and filing required SEC disclosures for company insiders, maintaining compliance with regulatory obligations. |
Stakeholder Impact
- Shareholders: Provides transparency regarding insider stock transactions, which is a routine part of market transparency and can influence investor sentiment and perceptions of management's confidence in the company.
Key Dates
| Date | Description |
|---|---|
| January 12, 2021 | Date of Power of Attorney granted by David Linetsky to Allison Hoffman. |
| January 15, 2025 | Date David Linetsky adopted the Rule 10b5-1 trading plan. |
| June 23, 2025 | Effective date of the Substitute Power of Attorney appointing Autumn Simpson. |
| June 27, 2025 | Date of the reported stock transaction (sale of common stock). |
| July 1, 2025 | Date the Form 4 was signed by Allison Hoffman, acting as attorney-in-fact for David Linetsky. |
Recommendation
holdKeywords
Phreesia, PHR, David Linetsky, insider trading, stock sale, Form 4, SEC filing, Rule 10b5-1, beneficial ownership, executive compensation
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