Phreesia (PHR) President David Linetsky Sells Shares

What Happened

• David Linetsky, President, Network Solutions at Phreesia (PHR), executed an open‑market sale of 8,332 shares on 2026-04-10 at $8.07 per share for proceeds of $67,239. Separately, on 2026-04-09 the issuer withheld 9,454 and 914 shares (at $9.15 each, $86,504 and $8,363 respectively) to satisfy tax withholding in connection with the settlement of restricted stock units (RSUs).

Key Details

• Transaction dates and prices:
  • 2026-04-09: 9,454 shares withheld @ $9.15 = $86,504 (tax withholding; not a sale by the reporting person) [F1]
  • 2026-04-09: 914 shares withheld @ $9.15 = $8,363 (tax withholding; not a sale) [F1]
  • 2026-04-10: 8,332 shares sold @ $8.07 = $67,239 (open‑market sale) [F2]
• Shares owned after transaction: not specified in the provided filing.
• Notable footnotes: F1 = shares withheld by issuer to satisfy tax obligations on RSU settlement (not a direct sale by the insider). F2 = open‑market sale was executed under a Rule 10b5‑1 trading plan adopted Jan 15, 2025.
• Timeliness: Form 4 filed 2026-04-13 for transactions on 2026-04-09 and 2026-04-10 — filing appears timely under Section 16 reporting rules.

Context

• The withheld shares reflect tax withholding on RSU settlement (a common cashless mechanism) and are not treated as voluntary sales by the insider. The open‑market sale was made under a pre‑established 10b5‑1 plan, which typically means the trades were pre‑scheduled and not necessarily an active signal of sentiment.