CAHILL EDWARD L 4

What Happened
Edward L. Cahill, a director of Phreesia, Inc. (PHR), was awarded 1,085 deferred stock units (DSUs) on April 30, 2026. The filing values the award at $9.21 per share, for a total reported value of $9,993. This was an award/grant as part of director compensation (not an open-market purchase or sale).

Key Details

• Transaction date and value: 2026-04-30; 1,085 shares @ $9.21 each; total $9,993.
• Transaction type: Award/Grant (DSUs) — code A.
• Shares owned after transaction: Not disclosed in this Form 4.
• Footnote: DSUs were granted because the director elected to receive deferred stock units instead of an annual cash retainer under the Non-Employee Director Deferred Compensation Program; DSUs are awarded on the date the cash retainer would otherwise be payable (quarterly in arrears).
• Settlement/vesting: Director will receive underlying common stock on the earlier of (i) 90 days after ceasing Board service and incurring a "separation from service" under Section 409A, or (ii) five years from the grant date.
• Filing timeliness: The Form 4 was filed 2026-05-04 for a 2026-04-30 transaction (filed 4 days after the transaction); Form 4s are typically required within two business days, so this appears later than the usual deadline.

Context
DSUs awarded in lieu of cash retainer are routine director compensation and do not represent an open-market purchase or sale that directly signals trading conviction. For retail investors, awards increase the director’s future potential ownership but are generally standard compensation practices rather than a clear bullish or bearish indicator.