Form 4: Phreesia SVP David Linetsky Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
David Linetsky, SVP of Life Sciences at Phreesia, Inc., sold shares of common stock to cover tax withholding obligations related to the settlement of restricted stock units (RSUs).
Summary
- On September 10, 2024, David Linetsky, SVP of Life Sciences at Phreesia, Inc., sold 1,716 shares of common stock at a weighted average price of $23.2502.
- The sale was executed to cover tax withholding obligations related to the settlement of an RSU award.
- Following the transaction, Linetsky directly owns 203,318 shares and indirectly owns 9,092 shares through his spouse.
- The shares were sold in multiple transactions at prices ranging from $22.94 to $23.17 per share.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing simply reports a routine stock sale to cover tax obligations, which is a common practice.
Industry Context
Sales of shares to cover tax obligations upon vesting of restricted stock units are a common practice among corporate executives. This transaction reflects a standard part of executive compensation and financial planning.
Stakeholder Impact
- The sale of shares by an executive could have a minor impact on shareholder sentiment, but is unlikely to be significant given the reason for the sale.
Key Dates
| Date | Description |
|---|---|
| 09/10/2024 | Date of stock sale transaction |
| 09/12/2024 | Date of signature on the Form 4 filing |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.