Company: PHR
Filing Date: 2025-09-05
Form Type: 10-Q
Source: 0001412408-25-000062
Chunk: 99

Company: Phreesia, Inc.
Filing Date: 2025-09-05
Form: 10-Q
Item: Part I, Item 1
Chunk 99
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 restricted stock units instead of cash. In July 2023, the Board of Directors also adopted the Company’s 2023 Inducement Award Plan (the “Inducement Plan”). The Inducement Plan allows the Compensation Committee of the Board of Directors (the "Compensation Committee") or its delegates to make equity-based incentive awards including stock options, RSUs and PSUs to employees of acquired companies to induce them to join the Company. The total shares of common stock initially reserved under the Inducement Plan was 500,000 shares. As of July 31, 2025, there were 7,577,003 shares available for future grant pursuant to the 2019 Plan after factoring in the automatic increase that occurs on February 1 of each fiscal year, as well as an additional 238,517 shares available for future grant pursuant to the ESPP. The ESPP has two six-month offering periods each calendar year beginning in January and July. The ESPP allows eligible employees to purchase shares of the Company’s common stock at a 15% discount through payroll deductions. As of July 31, 2025, there were 9,500 outstanding restricted stock units and 483,104 shares available for future grant under the Inducement Plan.(b) Summary of stock-based compensationThe following table sets forth stock-based compensation by type of award:Three months endedJuly 31,Six months endedJuly 31, 2025202420252024RSUs$9,466 $10,960 $19,057 $22,283 PSUs4,271 3,483 8,626 6,287 Liability awards2,590 2,024 5,926 4,721 ESPP223 294 498 658 Stock options— 2 — 2 Total stock-based compensation$16,550 $16,763 $34,107 $33,951 The following table sets forth the presentation of stock-based compensation in the Company's financial statements:

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Three months endedJuly 31,Six months endedJuly 31, 2025202420252024Stock-based compensation expense recorded to additional paid-in capital$13,960 $14,739 $28,181 $29,230 Stock-based compensation expense recorded to accrued expenses2,590 2,024 5,926 4,721 Total stock-based compensation$16,550 $