Gandhi Balaji 4

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.