Phreesia (PHR) CFO has 25,382 shares withheld for RSU taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Phreesia, Inc. Chief Financial Officer Balaji Gandhi reported an automatic share disposition related to taxes, not an open-market trade. On the settlement of restricted stock units, 25,382 shares of common stock were withheld by the company at $9.15 per share to cover tax withholding obligations. After this transaction, Gandhi directly holds 156,931 shares of Phreesia common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Gandhi Balaji
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 25,382 | $9.15 | $232K |
Holdings After Transaction:
Common Stock — 156,931 shares (Direct)
Footnotes (1)
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Key Figures
Shares withheld for taxes: 25,382 shares
Withholding price per share: $9.15 per share
Shares held after transaction: 156,931 shares
+1 more
4 metrics
Shares withheld for taxes
25,382 shares
Tax withholding on RSU settlement
Withholding price per share
$9.15 per share
Value used for tax-withholding disposition
Shares held after transaction
156,931 shares
Direct common stock holdings after withholding
Tax-withholding transactions
1 transaction, 25,382 shares
Summary of F-code tax-withholding events
Key Terms
restricted stock units, tax withholding obligations, Form 4, Chief Financial Officer
4 terms
restricted stock units financial
"in connection with the settlement of restricted stock units and does not represent"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
tax withholding obligations financial
"shares withheld by the Issuer to satisfy tax withholding obligations in connection"
Form 4 regulatory
"INSIDER FILING DATA (Form 4): {"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
Chief Financial Officer financial
""officer_title": "Chief Financial Officer""
A Chief Financial Officer (CFO) is the person in charge of a company's money and financial planning. They decide how to spend, save, and invest funds to help the company grow and stay stable. Their role is important because good financial decisions keep the company healthy and successful.
FAQ
What did Phreesia (PHR) CFO Balaji Gandhi report in this Form 4?
Phreesia CFO Balaji Gandhi reported that 25,382 common shares were withheld by the company to cover tax obligations arising from restricted stock units. This was an automatic tax-withholding event rather than a discretionary open-market sale or purchase by the executive.
Was Balaji Gandhi’s Phreesia (PHR) Form 4 transaction an open-market sale?
No. The filing shows 25,382 shares were withheld by Phreesia to satisfy tax withholding obligations tied to restricted stock unit settlement. The footnote explicitly states this does not represent a sale by Gandhi, making it a routine compensation-related event instead of a market trade.