Gandhi Balaji 4
4 · Phreesia, Inc. · Filed Mar 27, 2026
Research Summary
AI-generated summary of this filing
Phreesia (PHR) CFO Gandhi Balaji Sells 3,829 Shares
What Happened Gandhi Balaji, Chief Financial Officer of Phreesia, sold 3,829 shares on March 25, 2026. The reported weighted-average price was $11.26 per share for total proceeds of approximately $43,128. According to the filing, the dispositions were non‑discretionary sell‑to‑cover transactions to satisfy tax withholding obligations arising from the settlement of restricted stock units.
Key Details
- Transaction date: March 25, 2026; Form 4 filed March 27, 2026 (appears timely within the usual two‑business‑day window).
- Shares sold: 3,829; reported weighted-average price $11.26; total proceeds ~$43,128.
- Price range: sales occurred at prices between $11.10 and $11.415 per share (weighted average reported; breakdown available on request per the filing).
- Reason/footnote: Mandatory sell‑to‑cover for RSU tax withholding (non‑discretionary) per footnote F1.
- Shares owned after the transaction: not disclosed in the information provided.
Context Sell‑to‑cover transactions are routine tax‑related dispositions tied to equity awards and do not necessarily reflect an officer’s view on the company’s prospects. Retail investors often view outright purchases as a stronger signal than routine sales; this filing documents a tax withholding sale rather than an opportunistic open‑market sale.
Insider Transaction Report
- Sale
Common Stock
[F1][F2]2026-03-25$11.26/sh−3,829$43,128→ 146,740 total
Footnotes (2)
- [F1]These shares were disposed of in non-discretionary transactions pursuant to the Issuer's mandatory sell-to-cover policy to cover the holder's tax withholding obligations in connection with the settlement of an award of restricted stock units.
- [F2]The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $11.10 to $11.415 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.