Company: PHR
Filing Date: 2025-09-05
Form Type: 10-Q
Source: 0001412408-25-000062
Chunk: 97

Company: Phreesia, Inc.
Filing Date: 2025-09-05
Form: 10-Q
Item: Part I, Item 1
Chunk 97
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 time of vesting in non-discretionary transactions pursuant to the Company’s mandatory sell-to-cover policy (sell-to-cover). The proceeds from the employee participants’ sales of vested shares are remitted to the Company to cover the tax withholding payments to tax authorities. No shares are transferred to the Company’s treasury stock in connection with tax withholdings funded by an employee participant’s sale of vested shares to cover taxes.(c) Stock repurchase programIn March 2025, the Company’s Board of Directors authorized a stock repurchase program. Under the program, the Company may repurchase up to 2.5 million shares of its common stock from time to time through open market purchases, privately negotiated transactions, block 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 six months ended July 31, 2025.(d) Accumulated other comprehensive income (loss)Activity in accumulated other comprehensive income (loss) was as follows for the six months ended July 31, 2025 and 2024: Unrealized gain on cash flow hedgesForeign currency translation adjustmentAccumulated other comprehensive (loss) incomeBalance, January 31, 2024$— $— $— Other comprehensive loss— (2)(2)Balance, July 31, 2024$— $(2)$(2)Balance, January 31, 2025$— $(51)$(51)Other comprehensive income (loss) before reclassifications347 (45)302 Amounts reclassified from accumulated other comprehensive income (loss) (139)— (139)Net current period other comprehensive income (loss)$208 $(45)$163 Balance, July 31, 2025$208 $(96)$112 There was no balance or activity in accumulated other comprehensive income (loss) prior to January 31, 202