Evan Roberts - Sep 12, 2022 Form 4 Insider Report for Phreesia, Inc. (PHR)

Signature
/s/ Allison Hoffman by Power of Attorney for Evan Roberts
Stock symbol
PHR
Transactions as of
Sep 12, 2022
Transactions value $
-$59,431
Form type
4
Date filed
9/14/2022, 06:04 PM
Previous filing
Jul 15, 2022
Next filing
Oct 18, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PHR Common Stock Award +3.18K +0.44% 718K Sep 12, 2022 Direct F1
transaction PHR Common Stock Tax liability -$59.4K -2.04K -0.28% $29.19 716K Sep 12, 2022 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents Restricted Stock Units ("RSUs") that were fully vested as of the grant date. These RSUs represent awards received in lieu of the Reporting Person's cash bonus earned for the first half of the fiscal year ending January 31, 2023 under the Issuer's Senior Executive Cash Incentive Bonus Plan. The Reporting Person elected to convert such cash bonus into RSUs representing 115% of the earned cash bonus amount. The number of RSUs granted are based on a per share value of $29.19, the closing price of the Issuer's common stock on September 12, 2022. The shares underlying these RSUs (excluding shares that are withheld to cover applicable tax withholding obligations) must be held by the Reporting Person until the earlier of (i) the one-year anniversary of the grant date or (ii) a Sale Event (as defined in the Issuer's 2019 Stock Option and Incentive Plan).
F2 Represents shares withheld by the Issuer to satisfy tax withholding obligations in connection with the settlement of fully vested RSUs granted on September 12, 2022 and does not represent a sale by the Reporting Person.