Form 4: Phreesia SVP Sells Shares to Cover Tax Obligations

David Linetsky, SVP of Network Solutions at Phreesia, Inc., executed a pre-planned sale of 2,063 shares of common stock to satisfy tax withholding obligations related to restricted stock unit settlement.

Summary

• David Linetsky, Senior Vice President of Network Solutions at Phreesia, Inc. (PHR), reported a transaction on July 17, 2025.
• The transaction involved the disposition of 2,063 shares of Phreesia common stock.
• The shares were sold at a weighted average price of $26.8858 per share, with individual sales ranging from $26.38 to $27.29.
• This sale was a non-discretionary transaction, executed pursuant to Phreesia's mandatory sell-to-cover policy to fulfill tax withholding obligations associated with the settlement of restricted stock units.
• Following the transaction, Mr. Linetsky directly beneficially owns 191,447 shares of common stock.
• Additionally, 9,795 shares are indirectly beneficially owned by his spouse.

Sentiment

Score: 5

Explanation: The transaction is a routine, non-discretionary sale for tax purposes related to RSU vesting, which is a common and expected event for executives and does not indicate a positive or negative sentiment towards the company's prospects.

Future Outlook

The document does not provide any forward-looking statements or guidance regarding the company's future performance or strategic direction.

Management Comments

• The shares were disposed of in non-discretionary transactions pursuant to the Issuer's mandatory sell-to-cover policy to cover the holder's tax withholding obligations in connection with the settlement of an award of restricted stock units.

Industry Context

This Form 4 filing details a routine insider transaction, specifically a 'sell-to-cover' sale, which is a common practice for executives to manage tax liabilities arising from the vesting of equity awards like restricted stock units. It does not reflect broader industry trends or competitive dynamics.

Related Party Transactions

• The transaction involves an executive (David Linetsky, SVP, Network Solutions) selling company stock, which is an insider transaction. Indirect beneficial ownership by spouse is also noted.

Stakeholder Impact

• Shareholders: A minor reduction in insider ownership, but the sale is for tax purposes and not indicative of a change in management's confidence.
• Employees: No direct impact on employees is indicated by this filing.

Next Steps

• The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or to the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the reported range.

Key Dates

Recommendation

Keywords

Phreesia, PHR, insider transaction, Form 4, stock sale, RSU, tax withholding, David Linetsky