Hoffman Allison C 4

What Happened
Allison C. Hoffman, General Counsel & Secretary of Phreesia, received an award of 29,644 Restricted Stock Units (RSUs) on April 6, 2026 (transaction code A). The filing lists no per-share transaction price, but a footnote states the grant value was calculated using the April 6, 2026 closing price of $9.15, valuing the award at approximately $271,243. These RSUs were granted in lieu of the cash bonus earned for the fiscal year ending January 31, 2026.

Key Details

• Transaction date: April 6, 2026; Form 4 filed April 8, 2026 (timely — within the two-business-day reporting window).
• Shares/units received: 29,644 RSUs; per-share value used for conversion: $9.15; approximate total value: $271,243.
• Filing transaction code: A (award/grant).
• Footnote: RSUs were fully vested as of the grant date and were issued because Hoffman elected to convert her earned cash bonus into RSUs equal to 115% of the earned bonus amount.
• Shares owned after the transaction: not specified in the provided filing summary.

Context
This was an equity award issued as compensation (not an open-market purchase or sale). Because the RSUs are noted as fully vested on the grant date, Hoffman effectively received the underlying shares immediately rather than receiving a future contingent grant. Awards issued in lieu of cash bonuses are common compensation practices and do not necessarily indicate trading sentiment.