PHR Form 144 Details 92,247-Share Proposed Sale by Insider
Rhea-AI Filing Summary
Phreesia, Inc. (PHR) filing a Form 144 discloses a proposed sale of 92,247 common shares through Fidelity Brokerage Services with an aggregate market value of $2,953,432.60, and an approximate sale date of 08/27/2025. The filing reports total shares outstanding of 59,504,269. The shares to be sold were acquired via stock options granted on 01/31/2018 (21,870 shares) and 03/27/2019 (70,377 shares), with cash payment indicated at sale. The filer also reported a prior sale on 07/17/2025 of 3,171 shares for $85,254.87. The notice includes the required representation that the seller does not possess undisclosed material adverse information.
Positive
- Clear disclosure of the number of shares (92,247), aggregate market value ($2,953,432.60), broker, and approximate sale date
- Acquisition history provided showing the shares were from option grants dated 01/31/2018 and 03/27/2019
- Includes prior sale detail: 3,171 shares sold on 07/17/2025 for $85,254.87, supporting transaction transparency
- Compliance representation that the seller does not possess undisclosed material adverse information
Negative
- Planned sale size disclosed (92,247 shares) which will increase public float if executed
- No contextual financial or operational information about the issuer is provided in this filing
Insights
TL;DR Routine insider notice of stock sale; provides clear quantities, acquisition dates, and broker details with limited immediate market impact.
The Form 144 is a standard regulatory notice showing an insider intends to sell 92,247 shares acquired under stock option grants from 2018 and 2019. The filing supplies execution logistics including broker, aggregate value, and an approximate sale date. Given the disclosure of acquisition sources and a recent small sale on 07/17/2025, this document primarily notifies the market and satisfies Rule 144 reporting requirements rather than signaling a material corporate event.
TL;DR Compliance-focused disclosure consistent with insider sale rules; confirms representation about absence of undisclosed material information.
The filing documents the provenance of the shares (option grants) and includes the statutory attestation about non-possession of material non-public information. It also lists the broker and sale mechanics, which supports transparency and regulatory compliance. This form does not provide operational or financial performance details and should be read solely as an insider-sale notice.