Phreesia Form 4: RSU Sell-to-Cover Disposes of 3,761 Shares
Rhea-AI Filing Summary
Evan Roberts, President, Provider Solutions at Phreesia, Inc. (PHR), reported a sale of 3,761 shares of common stock on 09/16/2025 at a weighted-average price of $23.2844 per share. After the transaction, the reporting person beneficially owned 726,837 shares. The filing states the shares were disposed of in non-discretionary transactions under the issuer's mandatory sell-to-cover policy to satisfy tax withholding obligations related to the settlement of restricted stock units. The sale was signed via power of attorney on 09/18/2025.
Positive
- None.
Negative
- None.
Insights
TL;DR: Routine insider sale to cover tax on RSU settlement; no new material change to ownership disclosed.
The Form 4 reports a non-discretionary sale of 3,761 shares at a weighted-average price of $23.2844 to satisfy tax withholding for settled restricted stock units. The disclosure is specific about timing, price range ($22.83 to $23.69), and the mandatory sell-to-cover policy, which suggests this is an administrative liquidity event rather than an open-market, discretionary sale. Ownership after the transaction is reported at 726,837 shares. From a financial perspective, this is a routine compliance filing and does not by itself indicate a change in company fundamentals.
TL;DR: Filed correctly and includes required explanatory footnotes; shows adherence to insider reporting protocols.
The Form 4 includes required explanatory language detailing the mandatory sell-to-cover mechanism and provides the weighted-average price and price range for the multiple transactions. The signature is executed by a power of attorney, which is properly noted with a date. The filing contains the relationship of the reporting person to the issuer and reports the post-transaction beneficial ownership. This form adheres to Section 16 reporting obligations and provides sufficient disclosure for stakeholders to understand the nature of the transaction.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 3,761 | $23.2844 | $88K |
Footnotes (1)
- These shares were disposed of in non-discretionary transactions pursuant to the Issuer's mandatory sell-to-cover policy to cover the reporting person's tax withholding obligations in connection with the settlement of an award of restricted stock units. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $22.83 to $23.69 per share, inclusive. 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 range set forth in this footnote.
