HLM VENTURE PARTNERS II, L.P. 4
4 · Phreesia, Inc. · Filed Jul 24, 2019
Insider Transaction Report
Form 4
HLM VENTURE PARTNERS II, L.P.
10% Owner
Transactions
- Conversion
Junior Convertible Preferred Stock
2019-07-22−9,500,911→ 0 total(indirect: See Footnote)→ Common Stock (4,323,864 underlying) - Sale
Common Stock
2019-07-22$18.00/sh−540,229$9,724,122→ 4,198,515 total(indirect: See Footnote) - Conversion
Common Stock
2019-07-22+4,323,864→ 4,323,864 total(indirect: See Footnote) - Conversion
Senior A Preferred Stock
2019-07-22−911,624→ 0 total(indirect: See Footnote)→ Common Stock (414,880 underlying) - Conversion
Common Stock
2019-07-22+414,880→ 4,738,744 total(indirect: See Footnote)
Footnotes (4)
- [F1]Upon the closing of the Issuer's initial public offering, all shares of Junior Convertible Preferred Stock automatically converted into shares of Common Stock of the Issuer on a one-for-2.1973 basis. The Junior Convertible Preferred Stock had no expiration date.
- [F2]Shares held directly by HLM Venture Partners II, L.P. HLM Venture Associates II, L.L.C. is the general partner of HLM Venture Partners II, L.P. Edward L. Cahill and Peter J. Grua (collectively, the "Managing Members") are the managing members of HLM Venture Associates II, L.L.C. and, as such, may be deemed to have shared voting and dispositive power with respect to the issuer's securities held of record by HLM Venture Partners II, L.P. Each of the entities and the Managing Members disclaim beneficial ownership of the securities reported herein, except to the extent of their respective pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of the shares for purposes of Section 16 or for any other purpose.
- [F3]Upon the closing of the Issuer's initial public offering, all shares of Senior A Preferred Stock automatically converted into shares of Common Stock of the Issuer on a one-for-2.1973 basis. The Senior A Preferred Stock had no expiration date.
- [F4]These shares were sold in a firm commitment underwritten public offering pursuant to an underwriting agreement dated as of July 17, 2019 by and among the Issuer, the several underwriters and the selling stockholders identified therein.