Gandhi Balaji 4

What Happened
Gandhi Balaji, Phreesia's Chief Financial Officer, was granted 35,573 restricted stock units (RSUs) on April 6, 2026. The filing lists the acquisition as an award (code A); no open‑market purchase or sale occurred. The number of RSUs was determined using the issuer's closing share price of $9.15 on April 6, 2026, implying a notional value of approximately $325,493. These RSUs were fully vested as of the grant date and were issued in lieu of his cash bonus for the fiscal year ending January 31, 2026.

Key Details

• Transaction date: April 6, 2026 (filed April 8, 2026) — filing appears timely.
• Instrument: 35,573 RSUs (award, code A). Per‑share valuation used in the grant: $9.15 (closing price on 4/6/2026).
• Implied value: ~ $325,493 based on $9.15/share.
• Shares owned after transaction: not disclosed in the provided filing excerpt.
• Footnote: Balaji elected to convert his earned cash bonus into RSUs equal to 115% of the bonus amount; RSUs were fully vested at grant.
• No 10b5‑1, tax withholding, or late‑filing flags noted in the excerpt.

Context
This was a compensation award (conversion of a cash bonus) rather than a purchase or sale. Because the RSUs vested immediately, the award functions like immediate compensation in equity form; it does not by itself signal a buy or sell decision by the insider. Retail investors should view this as management compensation alignment information rather than a direct insider market trade.