Balaji Gandhi - Apr 14, 2023 Form 4 Insider Report for Phreesia, Inc. (PHR)

Signature
/s/ Allison Hoffman, as Attorney-in-Fact for Balaji Gandhi
Stock symbol
PHR
Transactions as of
Apr 14, 2023
Transactions value $
-$92,781
Form type
4
Date filed
4/18/2023, 04:53 PM
Previous filing
Apr 12, 2023
Next filing
Jul 10, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PHR Common Stock Tax liability -$25.5K -807 -0.91% $31.64 87.9K Apr 14, 2023 Direct F1
transaction PHR Common Stock Sale -$67.2K -2.11K -2.41% $31.83 85.7K Apr 17, 2023 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 Represents shares withheld by the Issuer to satisfy tax withholding obligations in connection with the settlement of Restricted Stock Units and does not represent a sale by the Reporting Person.
F2 This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on January 18, 2023.
F3 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $31.51 to $32.01 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.