Chaim Indig - Apr 10, 2023 Form 4 Insider Report for Phreesia, Inc. (PHR)

Role
Chief Executive Officer, Director
Signature
/s/ Allison Hoffman by Power of Attorney for Chaim Indig
Stock symbol
PHR
Transactions as of
Apr 10, 2023
Transactions value $
-$237,733
Form type
4
Date filed
4/12/2023, 05:13 PM
Previous filing
Jan 18, 2023
Next filing
Apr 18, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PHR Common Stock Award +14.6K +1.2% 1.23M Apr 10, 2023 Direct F1
transaction PHR Common Stock Tax liability -$238K -7.89K -0.64% $30.15 1.22M Apr 10, 2023 Direct F2
holding PHR Common Stock 255K Apr 10, 2023 Indig Dynasty Trust F3
* 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, 2023 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 $30.15, the closing price of the Issuer's common stock on April 10, 2023. The shares underlying the RSUs (excluding shares that are withheld to cover applicable tax withholding obligations) must be held by the Reporting Person until the earlier of (i) the one-year anniversary of the grant date or (ii) a Sale Event (as defined in the Issuer's 2019 Stock Option and Incentive Plan).
F2 Represents shares withheld by the Issuer to satisfy tax withholding obligations in connection with the settlement of fully vested RSUs granted on April 10, 2023 and does not represent a sale by the Reporting Person.
F3 These shares are held by a family trust of which the Reporting Person's sister-in-law is the investment advisor and distribution advisor. Members of the Reporting Person's immediate family are the sole beneficiaries of such trust.