Phreesia Inc
For the period ended Apr 30, 2024. Filed May 31, 2024.
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Apr 30, 2024 · Filed May 31, 2024
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Item 5. Other Information
On April 18, 2024, Amy Beth VanDuyn, the Company’s Senior Vice President of Human Resources, adopted a trading arrangement for the sale of securities of the Company’s common stock (a “Rule 10b5-1 Trading Plan”) that is intended to satisfy the affirmative defense conditions of Securities Exchange Act Rule 10b5-1(c). Ms. VanDuyn’s Rule 10b5-1 Trading Plan provides for the potential sale of up to 25,447 shares of common stock, and expires on December 31, 2024, or upon the earlier completion of all authorized transactions under the plan.
On April 19, 2024, Chaim Indig, Chief Executive officer of the Company, adopted a Rule 10b5-1 Trading Plan that is intended to satisfy the affirmative defense conditions of Securities Exchange Act Rule 10b5-1(c). Mr. Indig’s Rule 10b5-1 Trading Plan provides for the potential exercise of vested stock options and the associated sale of up to 100,000 shares of the Company’s common stock. The plan expires on April 17, 2026, or upon the earlier completion of all authorized transactions under Mr. Indig’s Rule 10b5-1 Plan.
On April 19, 2024, Balaji Gandhi, Chief Financial Officer of the Company, adopted a Rule 10b5-1 Trading Plan that is intended to satisfy the affirmative defense conditions of Securities Exchange Act Rule 10b5-1(c). Mr. Gandhi’s Rule 10b5-1 Trading Plan provides for the sale of up to 43,362 shares of common stock, plus an additional number of shares that Mr. Gandhi could receive upon the vesting of certain equity awards that may be granted pursuant to his first half fiscal 2025 bonus, net of any shares sold in non-discretionary transactions pursuant to the Company’s mandatory sell-to-cover policy to cover Mr. Gandhi’s tax withholding obligations in connection with the vesting and settlement of restricted stock unit awards. The number of shares to be granted pursuant to Mr. Gandhi’s first half fiscal year 2025 bonus, and the number of shares to be sold by him to cover taxes, and thus the exact number of shares to be sold pursuant to Mr. Gandhi’s Rule 105b-1 Trading Plan, can only be determined upon the occurrence of future events. Mr. Gandhi’s Rule 10b5-1 Trading Plan expires on March 14, 2025, or upon the earlier completion of all authorized transactions under the plan.
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