Every Form 4 that Phreesia, Inc. (PHR) has filed with the SEC in the last 12 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A Form 4 covers the transactions officers, directors and large holders report, so if you follow PHR and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full PHR filings page.
Phreesia, Inc. President, Network Solutions David Linetsky reported two indirect common-stock tax-withholding dispositions involving shares held by his spouse: the issuer withheld 35 shares in each entry on October 22, 2026, to satisfy tax obligations from RSU settlements. The listed $9.15 and $10.35 per-share amounts reflect closing prices on the scheduled vesting dates of June 15 and September 15, 2026, respectively; an administrative error delayed distribution until October 22. Linetsky reported 419,694 common shares held directly.
Phreesia, Inc. officer David Linetsky, President, Network Solutions, reported two common-stock transactions held indirectly by his spouse on October 22, 2026. Each involved 35 shares; the transaction descriptions identify purchases at $9.15 and $10.35 per share, while the SEC acquired/disposed classifications identify both as dispositions. No Rule 10b5-1 plan is reported.
Phreesia, Inc. SVP, Human Resources Amy Beth VanDuyn received a target award of 67,500 performance stock units on September 1, 2026. Each unit is a contingent right to one common share. The number earned depends on stock-price hurdles of $17.00, $22.00, $27.00 and $32.00 per share, measured using the average closing price over any consecutive 60-trading-day period during the performance period ending September 1, 2031. Actual payout may range from zero to 200% of target. Earned units generally require continued service and vest one-third upon certification, with the remaining thirds vesting on the first and second anniversaries of certification; earned and vested units are settled in shares following vesting, subject to deferred settlement provisions.
Phreesia, Inc. granted Evan Roberts, President, Provider Solutions, a target award of 155,000 performance stock units on September 1, 2026; no Rule 10b5-1 plan is reported. Each unit represents a contingent right to receive one common share. The number earned depends on average closing prices over any consecutive 60-trading-day period during the performance period from September 1, 2026, through September 1, 2031. Potential payouts are 0%, 50%, 100%, 150% or 200% of target, subject to interpolation. Earned units generally vest in three installments, subject to continued service.
Phreesia, Inc. (PHR) reports that President, Network Solutions David Linetsky received a target award of 155,000 performance stock units on September 1, 2026. Each unit represents a contingent right to receive one common share. The performance period runs from September 1, 2026, through September 1, 2031. Potential payouts are 0%, 50%, 100%, 150% or 200% of target, based on average closing prices meeting specified hurdles over any consecutive 60-trading-day period. Earned units vest one-third upon certification and one-third on each of the next two anniversaries, generally subject to continued service.
Phreesia, Inc. (PHR) granted Chief Executive Officer Chaim Indig performance stock units at a target level of 400,000 PSUs on September 1, 2026. Each PSU represents a contingent right to receive one common share. Potential payouts are 0%, 50%, 100%, 150% or 200% of target, based on stock-price hurdles of $17.00, $22.00, $27.00 and $32.00 per share, measured using average closing price over any consecutive 60-trading-day period during the performance period ending September 1, 2031. Earned PSUs vest in thirds upon certification and on the first two anniversaries, generally subject to continued service; PSUs not earned by the end of the performance period are forfeited.
Phreesia, Inc. Principal Accounting Officer Yvonne Hui was granted a target award of 28,500 performance stock units on September 1, 2026. Each unit represents a contingent right to receive one share of common stock.
The number earned depends on the average closing price over any consecutive 60-trading-day period from September 1, 2026, through September 1, 2031. Payouts range from 0% to 200% of target, based on stock-price hurdles of $17.00, $22.00, $27.00 and $32.00 per share. Earned units generally vest in three installments, subject to continued service.
Phreesia, Inc. granted its General Counsel & Secretary, Allison C. Hoffman, a target award of 85,000 Performance Stock Units on September 1, 2026. Each unit represents a contingent right to receive one common share. The number earned depends on average closing prices over any consecutive 60-trading-day period during the performance period from September 1, 2026, to September 1, 2031; the stock-price hurdles are $17.00, $22.00, $27.00 and $32.00 per share.
Potential payouts are 0%, 50%, 100%, 150% or 200% of target. Earned units vest in thirds following certification and on the next two anniversaries, generally subject to continued service; units not earned by the end of the performance period are forfeited.
Phreesia, Inc. reported that Chief Financial Officer Balaji Gandhi received an award of 155,000 target performance stock units on September 1, 2026; each unit is a contingent right to receive one common share. The payout depends on stock-price hurdles of $17.00, $22.00, $27.00 and $32.00 per share, measured using the average closing price over any consecutive 60-trading-day period from September 1, 2026 through September 1, 2031. Actual units earned may range from 0% to 200% of target.
Phreesia, Inc. (PHR) reported that Amy Beth VanDuyn, SVP, Human Resources, had 2,876 shares of common stock withheld on September 18, 2026 to satisfy tax withholding obligations related to the settlement of restricted stock units. The company states this did not represent a sale, and VanDuyn now holds 260,521 shares directly.
Phreesia, Inc. (PHR) reported that Evan Roberts, President, Provider Solutions, had 4,476 shares of common stock withheld on September 18, 2026 to satisfy tax withholding obligations related to the settlement of restricted stock units. This withholding did not involve an open-market sale, and Roberts held 1,038,138 shares directly after the transaction. No Rule 10b5-1 trading plan is reported for this withholding event.
Phreesia, Inc. (PHR) reported that David Linetsky, President, Network Solutions, had shares of common stock withheld on September 18, 2026 to satisfy tax withholding obligations from the settlement of restricted stock units. The issuer withheld 4,475 shares from his direct holdings and 319 shares from shares held by his spouse; these withholdings are explicitly described as not being sales. After these transactions, Linetsky held 419,694 shares directly and 22,267 shares indirectly through his spouse, and no Rule 10b5-1 trading plan is reported.
Phreesia, Inc. (PHR) reported that its General Counsel & Secretary, Allison C. Hoffman, made equity-related transactions in the company’s common stock. On September 18, 2026, 7,401 shares were withheld by Phreesia at $10.42 per share to satisfy tax withholding obligations tied to the settlement of restricted stock units, which the company states does not represent a sale by Ms. Hoffman.
On September 21, 2026, Ms. Hoffman sold 6,662 shares of common stock at $10.08 per share in a transaction described as a sale in the open market or a private transaction. This sale was effected pursuant to a Rule 10b5-1 trading plan adopted by Ms. Hoffman on December 19, 2025.
Phreesia, Inc. (PHR) reported that Evan Roberts, President, Provider Solutions, received an award of 8,113 shares of Common Stock on September 14, 2026, in the form of fully vested Restricted Stock Units (RSUs) granted at no cost to him. These RSUs were issued in lieu of 50% of his cash bonus for the first half of the fiscal year ending January 31, 2027, under the company’s Senior Executive Cash Incentive Bonus Plan, reflecting his election to convert that cash bonus into RSUs representing 115% of the earned cash amount, using a per share value of $10.42, the closing price of Phreesia common stock on September 14, 2026. Following this grant, Roberts directly holds 1,042,614 shares of Phreesia common stock.
Phreesia, Inc. (PHR) reported that David Linetsky, President, Network Solutions, acquired a total of 8,816 shares of common stock on September 14, 2026 through fully vested Restricted Stock Units (RSUs), consisting of 8,113 RSUs held directly and 703 RSUs held indirectly through his spouse, all received in lieu of portions of cash bonuses.
Phreesia, Inc. (PHR) reported that officer Amy Beth VanDuyn, SVP, Human Resources, acquired 6,490 shares of common stock on September 14, 2026 through a grant of fully vested Restricted Stock Units. These RSUs were received in lieu of 50% of her cash bonus for the first half of the fiscal year ending January 31, 2027, based on a per-share value of $10.42, the closing price of Phreesia’s common stock on the grant date. Following this award, she directly holds 263,397 shares of Phreesia common stock, and no Rule 10b5-1 trading plan is reported.
Phreesia, Inc. (symbol: PHR) is the issuer of record for a Form 4 filing submitted to the SEC. Hoffman Allison C reported acquisition or exercise transactions in this Form 4 filing.
Phreesia, Inc. (PHR) reported that General Counsel & Secretary Allison C. Hoffman received an equity award of 14,063 Restricted Stock Units (RSUs) on September 14, 2026. The RSUs were fully vested at grant and were issued in lieu of a cash bonus under the company’s Senior Executive Cash Incentive Bonus Plan, based on a per-share value of $10.42. Following this award, Hoffman directly owns 280,637 shares of Phreesia common stock. No Rule 10b5-1 trading plan is reported for this transaction.
Phreesia, Inc. (symbol: PHR) is the issuer of record for a Form 4 filing submitted to the SEC. Linetsky David reported acquisition or exercise transactions in this Form 4 filing.
Phreesia, Inc. (PHR) reported that David Linetsky, President, Network Solutions, received equity-based compensation in the form of restricted stock units (RSUs) on September 1, 2026. He was granted 192,000 RSUs directly, increasing his directly held common stock (including RSUs) to 416,056 shares after the award. In a separate award reported as indirect ownership "by spouse," his spouse received 10,000 RSUs, bringing her indirectly held position to 21,883 shares after the transaction.
All RSUs were granted under the Phreesia, Inc. 2019 Stock Option and Incentive Plan. Each RSU represents the contingent right to receive one share of common stock and will vest in five substantially equal annual installments beginning on September 1, 2027, subject to continued service (for the spouse’s award, the spouse’s continued service). No Rule 10b5-1 trading plan is reported for these awards.
Phreesia, Inc. (symbol: PHR) is the issuer of record for a Form 4 filing submitted to the SEC. VanDuyn Amy Beth reported acquisition or exercise transactions in this Form 4 filing.
Phreesia, Inc. (PHR) reported that Amy Beth VanDuyn, SVP, Human Resources, received an award of 88,000 shares of common stock in the form of Restricted Stock Units under the 2019 Stock Option and Incentive Plan on September 1, 2026. The RSUs vest in five substantially equal annual installments beginning on September 1, 2027, subject to her continued service, bringing her direct holdings to 256,907 shares after the grant.
Phreesia, Inc. (symbol: PHR) is the issuer of record for a Form 4 filing submitted to the SEC. Roberts Evan reported acquisition or exercise transactions in this Form 4 filing.
Phreesia, Inc. (PHR) reported that executive Evan Roberts, President, Provider Solutions, received a grant of 192,000 shares of common stock in the form of Restricted Stock Units under the 2019 Stock Option and Incentive Plan on September 1, 2026. Following this award, he directly holds 1,034,501 shares of common stock. The RSUs will vest in five substantially equal annual installments beginning on September 1, 2027, conditioned on his continued service with the company.
Phreesia, Inc. (symbol: PHR) is the issuer of record for a Form 4 filing submitted to the SEC. Indig Chaim reported acquisition or exercise transactions in this Form 4 filing.
Phreesia, Inc. (PHR) reported that Chief Executive Officer and director Chaim Indig received a grant of 500,000 Restricted Stock Units (RSUs) of common stock on September 1, 2026 under the Phreesia, Inc. 2019 Stock Option and Incentive Plan. Each RSU represents a contingent right to one share of common stock and will vest in five substantially equal annual installments beginning on September 1, 2027, subject to his continued service. Following this grant, Indig holds 1,889,595 shares of common stock directly and 255,000 shares indirectly through the Indig Dynasty Trust, whose investment and distribution advisor is his sister-in-law and whose beneficiaries are members of his immediate family. No Rule 10b5-1 trading plan is reported.
Phreesia, Inc. (symbol: PHR) is the issuer of record for a Form 4 filing submitted to the SEC. Hui Yvonne reported acquisition or exercise transactions in this Form 4 filing.
Phreesia, Inc. (PHR) reported that Principal Accounting Officer Yvonne Hui received a grant of 43,000 Restricted Stock Units (RSUs) on September 1, 2026 under the Phreesia, Inc. 2019 Stock Option and Incentive Plan. Each RSU represents one share of common stock and will vest in five substantially equal annual installments beginning on September 1, 2027, subject to her continued service. Following this award, she directly holds 64,724 shares or share-equivalents. No Rule 10b5-1 trading plan is reported.
Phreesia, Inc. (symbol: PHR) is the issuer of record for a Form 4 filing submitted to the SEC. Hoffman Allison C reported acquisition or exercise transactions in this Form 4 filing.
Phreesia, Inc. (PHR) reported that its General Counsel & Secretary, Allison C. Hoffman, received a grant of 108,000 shares of Common Stock in the form of Restricted Stock Units (RSUs) on September 1, 2026 under the 2019 Stock Option and Incentive Plan. Each RSU represents the contingent right to receive one share of common stock, and the RSUs vest in five substantially equal annual installments beginning September 1, 2027, subject to her continued service. Following this award, she holds 266,574 shares directly. No Rule 10b5-1 trading plan is reported for this grant.
Phreesia, Inc. (symbol: PHR) is the issuer of record for a Form 4 filing submitted to the SEC. Gandhi Balaji reported acquisition or exercise transactions in this Form 4 filing.
Phreesia, Inc. (PHR) reported that its Chief Financial Officer, Balaji Gandhi, received a grant of 192,000 Restricted Stock Units (RSUs) of common stock on September 1, 2026. Each RSU represents one share of common stock and will vest in five substantially equal annual installments beginning September 1, 2027, contingent on continued service. Following this grant, Gandhi holds 348,931 shares directly. No Rule 10b5-1 trading plan is reported.
Phreesia, Inc. executive David Linetsky, President, Network Solutions, reported a Form 4 showing a small, non-market disposition of shares. On August 14, 2026, 182 shares of Phreesia common stock held indirectly by his spouse were withheld by the company at a price of $12.28 per share to satisfy tax withholding obligations upon settlement of Restricted Stock Units. This event did not involve an open-market sale. After this withholding, his spouse’s indirect holdings were 11,883 shares, and his reported direct holdings were 224,056 shares of common stock.
Munson Gillian reported acquisition or exercise transactions in this Form 4 filing.
Phreesia, Inc. director Gillian Munson received an equity award equivalent to 685 shares of common stock on July 31, 2026 at a reported $10.73 per share, bringing her direct holdings to 66,789 shares. The award reflects her election to receive deferred stock units instead of a cash retainer, with shares delivered after board service ends or five years from grant, whichever occurs first.
Goldstein Lainie reported acquisition or exercise transactions in this Form 4 filing.
Phreesia, Inc. director Lainie Goldstein received an equity-based director fee on July 31, 2026, through a grant of 377 deferred stock units tied to common stock at a reported price of $10.73 per share. The units were granted under Phreesia’s Non-Employee Director Deferred Compensation Program in lieu of a quarterly cash retainer, increasing her reported direct holdings to 70,862 shares. Under the program, the underlying common stock is issued 90 days after she leaves the board and has a qualifying separation from service under Section 409A.
Phreesia, Inc. executive David Linetsky, President, Network Solutions, reported equity activity involving common stock. On 2026-07-15, 69 shares of common stock held indirectly through his spouse were withheld by Phreesia at $10.76 per share to satisfy tax withholding obligations in connection with the settlement of restricted stock units, and this did not represent a sale by him or his spouse. After these transactions, he reported 224,056 shares held directly and 12,065 shares held indirectly through his spouse.
Phreesia, Inc. Principal Accounting Officer Yvonne Hui reported two transactions in Common Stock. On July 15, 2026, 937 shares were withheld by the company at $10.76 per share to satisfy tax withholding obligations on the settlement of restricted stock units, and this did not represent a sale. On July 16, 2026, she sold 1,247 shares at $10.92 per share in an open-market or private transaction pursuant to a Rule 10b5-1 trading plan adopted on January 15, 2026, leaving 21,724 shares held directly.
Phreesia, Inc. director Lisa Egbuonu-Davis reported an open-market sale of 536 shares of Common Stock on July 14, 2026 at $10.70 per share. The trade was executed under a Rule 10b5-1 trading plan adopted on December 16, 2025, and she now holds 37,780 shares directly.
Phreesia, Inc. principal accounting officer Yvonne Hui reported an open-market sale of 1,371 shares of Common Stock on July 6, 2026 at an average price of $10.84 per share. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan adopted on January 15, 2026, indicating it was scheduled in advance rather than timed discretionarily.
Following this sale, Hui directly owns 23,908 shares of Phreesia common stock. The filing shows a single net-sell transaction with no derivative exercises or tax-related share withholdings, suggesting a relatively small, routine disposition compared with her remaining equity position.
Phreesia, Inc. General Counsel and Secretary Allison C. Hoffman acquired 1,265 shares of common stock through the company’s 2019 Employee Stock Purchase Plan. The shares were bought for $8.75 each, equal to 85% of the stock’s closing price on June 30, 2026, bringing her direct holdings to 158,574 shares.
Phreesia, Inc. Principal Accounting Officer Yvonne Hui acquired 1,371 shares of common stock through the company’s 2019 Employee Stock Purchase Plan. The shares were purchased at $8.75 per share for the purchase period from January 1, 2026 through June 30, 2026, at 85% of the June 30 closing price. Following this ESPP transaction, she directly holds 25,279 Phreesia shares.
Munson Gillian reported acquisition or exercise transactions in this Form 4 filing.
Phreesia, Inc. director Gillian Munson received an equity award of 19,290 Restricted Stock Units (RSUs) valued at $9.59 per unit. Each RSU represents one share of common stock and will vest in full on the earlier of June 24, 2027 or the next annual shareholder meeting. Munson has elected to defer this grant, and will receive the underlying shares after leaving the board and incurring a separation from service, or five years from the grant date. Following this award, she is reported as holding 66,104 shares of common stock directly.
Phreesia, Inc. director Lisa Egbuonu-Davis reported both an equity grant and a small share sale. She received 19,290 Restricted Stock Units under the 2019 Stock Option and Incentive Plan at a reference price of $9.59 per unit, each RSU representing one common share. These RSUs vest in full on the earlier of June 24, 2027 or the next annual stockholder meeting. She also sold 2,546 common shares on the open market at $9.53 per share pursuant to a pre-arranged Rule 10b5-1 trading plan adopted on December 16, 2025, and held 38,316 shares directly after the sale.
Kessler Jon reported acquisition or exercise transactions in this Form 4 filing.
Phreesia, Inc. director Jon Kessler received a grant of 19,290 shares of Common Stock in the form of Restricted Stock Units at an indicated value of $9.59 per share. These RSUs vest in full on the earlier of June 24, 2027 or the company’s next annual stockholder meeting. Following this award, Kessler directly holds 43,884 shares of Phreesia common stock.
Sayar Ramin reported acquisition or exercise transactions in this Form 4 filing.
Phreesia, Inc. director Ramin Sayar reported receiving a grant of 19,290 shares of common stock in the form of Restricted Stock Units under the company’s 2019 Stock Option and Incentive Plan. The grant is recorded at a reference price of $9.59 per share.
Each RSU represents the right to receive one share of common stock and will vest in full on the earlier of June 24, 2027 or the company’s next annual stockholder meeting. Following this award, Sayar is shown as holding 52,725 shares of Phreesia common stock directly.
Smith Mark Douglas reported acquisition or exercise transactions in this Form 4 filing.
Phreesia, Inc. director Mark Douglas Smith received a grant of 19,290 Restricted Stock Units (RSUs) of common stock valued at $9.59 per unit. Each RSU represents the right to receive one share of common stock and will vest in full on the earlier of June 24, 2027 or the next annual stockholder meeting.
Following this compensation-related award, Smith holds 56,643 shares of Phreesia common stock directly. He has elected to defer settlement of this RSU grant under the company’s Non-Employee Director Deferred Compensation Program, receiving the underlying shares either within 90 days after leaving the board and incurring a separation from service, or five years from the grant date.
Goldstein Lainie reported acquisition or exercise transactions in this Form 4 filing.
Phreesia, Inc. director Lainie Goldstein received a grant of 19,290 Restricted Stock Units under the company’s 2019 Stock Option and Incentive Plan. Each RSU represents the right to one common share, increasing her direct holdings to 70,485 shares after the award.
The RSUs will vest in full on the earlier of June 24, 2027 or the next annual stockholder meeting. Goldstein has elected to defer this grant under Phreesia’s Non-Employee Director Deferred Compensation Program, with the underlying shares delivered 90 days after she leaves the Board and incurs a separation from service under Section 409A.
Phreesia, Inc. Principal Accounting Officer Yvonne Hui reported small share transactions on Common Stock. She sold 431 shares at $8.85 per share in an open-market transaction that was carried out under a pre-arranged Rule 10b5-1 trading plan adopted on January 15, 2026.
Separately, 325 shares were withheld at $8.77 per share to cover tax obligations tied to the settlement of restricted stock units. The filing notes this tax withholding does not represent a discretionary sale by Hui, indicating the main market-directed activity is the modest planned sale.
CAHILL EDWARD L reported acquisition or exercise transactions in this Form 4 filing.
Phreesia, Inc. director Edward L. Cahill received a grant of 1,085 shares of Common Stock valued at $9.21 per share. This award reflects deferred stock units taken instead of an annual cash retainer under Phreesia’s Non-Employee Director Deferred Compensation Program.
Following this compensation grant, Cahill directly holds 65,613 shares of Phreesia common stock. The footnote explains that the underlying common stock will be delivered either after he leaves the board and has a qualifying separation from service, or five years after the grant date.
Goldstein Lainie reported acquisition or exercise transactions in this Form 4 filing.
Phreesia director Lainie Goldstein reported a routine equity award. Goldstein received 1,085 deferred stock units tied to Phreesia common stock at a reference price of $9.21 per share, in lieu of a quarterly cash retainer. After this grant, her directly held common stock position is reported at 51,195 shares.
Phreesia director Gillian Munson received an award of 1,085 deferred stock units valued at $9.21 per unit instead of an annual cash retainer. These units convert into common shares after she leaves the board or five years from grant, bringing her direct holdings to 46,814 shares.
Phreesia, Inc. Principal Accounting Officer Yvonne Hui reported an open-market sale of the company’s common stock. On April 17, 2026, she sold 1,327 shares at $9.28 per share. Following this transaction, she directly holds 24,664 shares of Phreesia common stock.
The sale was carried out under a pre-arranged Rule 10b5-1 trading plan that Ms. Hui adopted on January 15, 2026, indicating the trade was scheduled in advance rather than made on an ad hoc basis.
Phreesia, Inc. General Counsel & Secretary Allison C. Hoffman reported an open-market sale of 6,176 shares of Common Stock at $9.06 per share on 2026-04-20. After this transaction, she directly owns 157,309 shares. The sale was made under a pre-arranged Rule 10b5-1 trading plan adopted on December 19, 2025.
Phreesia, Inc. executive David Linetsky reported routine equity compensation-related activity in company stock. The filing shows a tax-withholding disposition of 229 shares of common stock at $9.17 per share, withheld by the company to cover tax obligations on vested restricted stock units rather than sold in the market.
After these events, Linetsky holds 224,056 common shares directly and 12,134 common shares indirectly through his spouse, indicating that the filing primarily reflects ongoing compensation and tax management, not discretionary buying or selling.
Phreesia, Inc. Principal Accounting Officer Yvonne Hui reported multiple transactions in the company’s common stock. On April 15 and 16, 2026, a total of 1,310 shares were withheld at prices of $8.56 and $9.17 to cover tax obligations on restricted stock unit settlements; these do not represent sales by her.
On April 16, 2026, she executed an open-market sale of 10,063 shares at $9.08 per share pursuant to a Rule 10b5-1 trading plan adopted on January 15, 2026. Following these transactions, Hui directly holds 25,991 shares of Phreesia common stock.
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.
Phreesia, Inc. General Counsel & Secretary Allison C. Hoffman reported insider transactions in the company’s common stock. On April 10, she completed an open-market sale of 14,483 shares at $8.07 per share, and continued to hold 163,485 shares afterward.
On April 9, 15,161 shares were withheld by Phreesia at $9.15 per share to cover tax obligations tied to restricted stock unit settlement, which the company states was not a sale by Hoffman. The filing notes the sale was made under a Rule 10b5-1 trading plan adopted on December 19, 2025.
Phreesia, Inc. Chief Executive Officer Chaim Indig reported a routine tax-related share disposition. On the settlement of restricted stock units, 33,008 shares of common stock were withheld by the company at $9.15 per share to cover tax withholding obligations and did not involve an open-market sale. After this withholding, Indig directly holds 1,389,595 common shares, and an additional 255,000 shares are held indirectly through the Indig Dynasty Trust, a family trust advised by his sister-in-law for the benefit of his immediate family.