[144] Phreesia, Inc. SEC Filing
Phreesia, Inc. (PHR) filed a Form 144 reporting an intended sale of 1,762 common shares with an aggregate market value of $41,027.11, expected to occur on 09/16/2025 on the NYSE. The shares were acquired on 09/11/2025 through restricted stock vesting and were received as compensation.
The filer, identified as Amy Vanduyn, previously sold 640 shares on 07/17/2025 for $17,206.91 and 18,573 shares on 08/25/2025 for $564,055.11. The filing discloses there are 59,914,473 shares outstanding. The document includes the broker name and address (Fidelity Brokerage Services LLC) and a standard attestation that the seller is not aware of undisclosed material adverse information.
- Disclosed acquisition method: Shares were acquired via restricted stock vesting and documented as compensation, providing clarity on the origin of the securities
- Broker identified: Sale is routed through Fidelity Brokerage Services LLC, and an approximate sale date and market value are provided, supporting transparency
- Insider selling activity: The filer sold 19,213 shares in the past three months (640 and 18,573) and proposes to sell an additional 1,762 shares, which could concern some investors
- Relationship to issuer not shown in the provided excerpt, which is typically relevant to assess insider status and regulatory context
Insights
TL;DR: Insider intends to sell a small number of vested shares; transaction appears procedural with limited market impact.
The filing reports a proposed sale of 1,762 common shares valued at $41,027.11, acquired via restricted stock vesting on 09/11/2025 and slated for sale on 09/16/2025 through Fidelity on the NYSE. Given outstanding shares of 59,914,473, this disposal represents an immaterial fraction of the float. Recent prior sales by the same person total 19,213 shares generating roughly $581,262, indicating ongoing monetization of vested equity. For investors, this is routine insider selling tied to compensation liquidity rather than a disclosed change in company fundamentals.
TL;DR: Form 144 provides required Rule 144 disclosure; information appears complete for the reported transaction but omits issuer relationship details.
The submission lists acquisition date, nature of acquisition (restricted stock vesting), payment as compensation, broker details, and recent sales history, aligning with Rule 144 disclosure elements. The filing includes an attestation about absence of undisclosed material adverse information. The record does not explicitly state the filer’s relationship to the issuer in the provided excerpt, which is typically included; if missing from the full filing, that could be an omission to address for full compliance clarity. Overall, this appears to be a routine compliance filing for insider share disposition.