Allison Hoffman - Apr 13, 2022 Form 4 Insider Report for Phreesia, Inc. (PHR)

Role
General Counsel & Secretary
Signature
/s/ Allison C. Hoffman
Stock symbol
PHR
Transactions as of
Apr 13, 2022
Transactions value $
-$148,902
Form type
4
Date filed
4/18/2022, 04:06 PM
Previous filing
Feb 25, 2022
Next filing
May 11, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PHR Common Stock Award +8.01K +6.89% 124K Apr 13, 2022 Direct F1, F2
transaction PHR Common Stock Tax liability -$118K -4.1K -3.3% $28.73 120K Apr 13, 2022 Direct F2, F3
transaction PHR Common Stock Tax liability -$31.2K -1.13K -0.94% $27.63 119K Apr 14, 2022 Direct F2, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents Restricted Stock Units ("RSUs") that were fully vested as of the grant date. These RSUs represent awards received in lieu of the Reporting Person's cash bonus earned for the fiscal year ended January 31, 2022 under the Issuer's Senior Executive Cash Incentive Bonus Plan. The Reporting Person elected to convert such cash bonus into RSUs representing 115% of the earned cash bonus amount. The number of RSUs granted are based on a per share value of $28.73, the closing price of the Issuer's common stock on April 13, 2022.
F2 A portion of these shares represent RSUs. Each RSU represents a contingent right to receive one share of the Issuer's common stock.
F3 Represents shares withheld by the Issuer to satisfy tax withholding obligations in connection with the settlement of fully vested RSUs granted on April 13, 2022 and does not represent a sale by the Reporting Person.
F4 Represents shares withheld by the Issuer to satisfy withholding obligations in connection with the vesting and settlement of RSUs and does not represent a sale by the Reporting Person.