Company: PHR
Filing Date: 2025-12-09
Form Type: 10-Q
Source: 0001412408-25-000132
Chunk: 161

Company: Phreesia, Inc.
Filing Date: 2025-12-09
Form: 10-Q
Item: Part I, Item 8
Chunk 161
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 purchases or other methods that comply with applicable securities laws, including repurchase plans that satisfy the conditions of Rule 10b5-1 under the Securities Exchange Act of 1934, as amended. The stock repurchase program does not obligate the Company to repurchase any dollar amount or number of shares of its common stock, and the program may be modified, suspended or discontinued at any time without prior notice. The 1% U.S. federal excise tax on certain repurchases of stock by publicly traded U.S. corporations enacted as part of the Inflation Reduction Act of 2022 applies to repurchases pursuant to the Company’s stock repurchase program. There were no repurchases during the nine months ended October 31, 2025.(d) Accumulated other comprehensive income (loss)Activity in accumulated other comprehensive income (loss) was as follows for the nine months ended October 31, 2025 and 2024: Unrealized gain on cash flow hedgesForeign currency translation adjustmentAccumulated other comprehensive (loss) incomeBalance, January 31, 2024$— $— $— Other comprehensive loss— (5)(5)Balance, October 31, 2024$— $(5)$(5)Balance, January 31, 2025$— $(51)$(51)Other comprehensive income (loss) before reclassifications97 (84)13 Amounts reclassified from accumulated other comprehensive income (loss) (322)— (322)Net current period other comprehensive income (loss)$(225)$(84)$(309)Balance, October 31, 2025$(225)$(135)$(360)There was no balance or activity in accumulated other comprehensive income (loss) prior to January 31, 2024. As the Company records a valuation allowance against its U.S. deferred tax assets and substantially all of the Company’s accumulated other comprehensive income originated in the U.S., other comprehensive income did not include income tax expense, and the amounts reclassified from accumulated other comprehensive income (loss) for unrealized gain (loss) on cash flow hedges did not include income tax expense.

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8. Equity-based compensation

(a) Equity award plansIn January 2018, the Board of Directors adopted the Company’s 2018 Stock Option Plan (as amended, the "2018 Stock Option Plan"), which provided for the issuance of options to purchase up to 3,048,490