Indig Chaim 4

What Happened

• Chaim Indig, CEO of Phreesia, was granted 61,068 restricted stock units (RSUs) on April 6, 2026. The grant was in lieu of his cash bonus for the fiscal year ending Jan 31, 2026; Indig elected to convert the cash bonus into RSUs at 115% of the earned cash bonus.
• The per-share value used to determine the number of RSUs was $9.15 (Phreesia closing price on April 6, 2026), implying a grant value of approximately $558,772. The RSUs were fully vested as of the grant date.
• These are awards (A) rather than open-market purchases or sales — typically neutral to slightly bullish (adds equity alignment) but not a purchase signal.

Key Details

• Transaction date: 2026-04-06; Form 4 filed 2026-04-08 (timely within required reporting window).
• Award: 61,068 RSUs; valuation basis $9.15/share → ≈ $558,772 total.
• Vesting/holding: RSUs were fully vested at grant; however, underlying shares (except any withheld for tax obligations) must be held until the earlier of (i) one-year anniversary of grant or (ii) a Sale Event per the company’s plan.
• Tax/treatment: Some shares may be withheld to satisfy tax withholding; the grant reflects an election to convert cash bonus to equity at a 115% conversion rate.
• Additional holdings: Filing notes certain shares are held in a family trust (investment/distribution advisor is a sister‑in‑law; immediate family are sole beneficiaries).
• Shares owned after transaction: Not specified in the provided filing excerpt.

Context

• This is an award granted in lieu of a cash bonus and was fully vested on the grant date — not an option exercise or open‑market trade. Awards like this increase insider equity ownership but are routine when executives elect stock instead of cash.
• Because the RSUs are subject to a one‑year holding requirement (absent a Sale Event), the shares aren’t immediately freely tradable, limiting immediate selling pressure.