Company: PHR
Filing Date: 2025-03-13
Form Type: 10-K
Source: 0001412408-25-000010
Chunk: 38

Company: Phreesia, Inc.
Filing Date: 2025-03-13
Form: 10-K
Item: Item 8
Chunk 38
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Us granted during fiscal 2024 vest 25% each year over four years based on continued service and RSUs granted during fiscal 2025 generally vest following a 10/20/30/40 vesting schedule.Additionally, at the beginning of each fiscal year, the Company provides certain employees the option to settle their incentive bonus in immediately vested RSUs. RSUs granted to settle bonus awards are included in RSUs granted and vested in the table below. See section (g) Liability awards below for additional information regarding share-settled bonus awards.

99

Restricted stock unitsUnvested, January 31, 20223,133,839 Granted during year2,907,838 Vested(1,626,679)Forfeited and expired(497,245)Unvested, January 31, 20233,917,753 Granted during year (1)2,419,679 Vested(1,912,432)Forfeited and expired(624,790)Unvested, January 31, 20243,800,210 Granted during year2,135,391 Vested(1,897,716)Forfeited and expired (439,937)Unvested, January 31, 20253,597,948 (1) Includes 24,125 awards granted pursuant to the 2023 Inducement Award Plan.As of January 31, 2025, there is $79,743 remaining of total unrecognized compensation costs related to these awards. The total unrecognized costs are expected to be recognized over a weighted-average term of 2.6 years.For the years ended January 31, 2025, 2024 and 2023, the weighted average grant date fair value of restricted stock units granted was $21.93, $29.08 and $26.79 respectively. (d) Stock options Options 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 fiscal years ended January 31, 2025, 2024 and 2023 is as follows:Number ofoptionsWeighted-averageexercise priceWeighted-averageremainingcontractual