Company: PHR
Filing Date: 2025-05-28
Form Type: 10-Q
Source: 0001412408-25-000039
Chunk: 135

Company: Phreesia, Inc.
Filing Date: 2025-05-28
Form: 10-Q
Item: Part I, Item 8
Chunk 135
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 expected to be recognized over a weighted-average term of 2.48 years. (d) Stock optionsOptions granted under the equity award plans have a maximum term of ten years and vest over a period determined by the Board of Directors (generally four years from the date of grant or the commencement of the grantee’s employment with the Company). Options generally vest 25% at the one-year anniversary of the grant date, after which point they generally vest pro rata on a monthly basis.Stock option activity for the three months ended April 30, 2025 is as follows:Number ofoptionsWeighted-averageexercise priceWeighted-averageremainingcontractual life(in years)Aggregate IntrinsicvalueOutstanding, January 31, 2025899,381 $7.39 Granted in three months ended April 30, 2025— $— Exercised(17,485)$7.31 Forfeited and expired— $— Outstanding and expected to vest, April 30, 2025881,896 $7.39 3.47$15,505 Exercisable, April 30, 2025881,896 $7.39 3.47$15,505 The aggregate intrinsic value represents the total pre-tax intrinsic value (the difference between the Company’s estimated stock price at the time of exercise and the exercise price, multiplied by the number of related in-the-money options) that would have been received by the option holders had they exercised their options at the end of the period. This amount changes based on the market value of the Company’s common stock. The total intrinsic value of options exercised for the three months ended April 30, 2025 and 2024 (based on the difference between the Company’s estimated stock price on the exercise date and the respective exercise price, multiplied by the number of options exercised), was $306 and $1,545, respectively.As of April 30, 2025 and January 31, 2025, all compensation cost related to stock options issued to employees has been recorded and there is no unrecognized compensation cost remaining related to stock options issued to employees.(e) TSR performance-based stock units (“PSUs”)The Company grants PSUs to certain members of its management team. PSUs vest over approximately three years from the grant date upon satisfaction of both time-based requirements and market targets based on Phreesia's TSR relative to the TSR of each member of the Russell