Balaji Gandhi - Sep 12, 2023 Form 4 Insider Report for Phreesia, Inc. (PHR)

Role
Chief Financial Officer
Signature
/s/ Alexis Lyons, as Attorney-in-Fact for Balaji Gandhi
Stock symbol
PHR
Transactions as of
Sep 12, 2023
Transactions value $
-$80,482
Form type
4
Date filed
9/14/2023, 05:08 PM
Previous filing
Jul 18, 2023
Next filing
Oct 17, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PHR Common Stock Award +6.41K +7.62% 90.5K Sep 12, 2023 Direct F1
transaction PHR Common Stock Sale -$77.1K -3.8K -4.2% $20.30 86.7K Sep 13, 2023 Direct F2, F3
transaction PHR Common Stock Sale -$3.35K -158 -0.18% $21.20 86.5K Sep 13, 2023 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 first half of the fiscal year ending January 31, 2024 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 is based on a per share value of $21.27, the closing price of the Issuer's common stock on September 12, 2023.
F2 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 RSUs.
F3 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $20.11 to $21.05 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.
F4 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $21.17 to $21.24 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.