Company: PHR
Filing Date: 2025-12-09
Form Type: 10-Q
Source: 0001412408-25-000132
Chunk: 163

Company: Phreesia, Inc.
Filing Date: 2025-12-09
Form: 10-Q
Item: Part I, Item 8
Chunk 163
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 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 October 31, 2025, there were 7,713 outstanding restricted stock units and 483,400 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 endedOctober 31,Nine months endedOctober 31, 2025202420252024RSUs$9,350 $11,189 $28,407 $33,472 PSUs4,271 3,358 12,897 9,645 Liability awards2,446 2,081 8,372 6,802 ESPP204 240 702 898 Stock options— — — 2 Total stock-based compensation$16,271 $16,868 $50,378 $50,819 The following table sets forth the presentation of stock-based compensation in the Company's financial statements:

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Three months endedOctober 31,Nine months endedOctober 31, 2025202420252024Stock-based compensation expense recorded to additional paid-in capital$13,825 $14,787 $42,006 $44,017 Stock-based compensation expense recorded to accrued expenses2,446 2,081 8,372 6,802 Total stock-based compensation$16,271 $16,868 $50,378 $50,819 Less: stock-based compensation expense capitalized as internal-use software(312)(343)(964)(1,006)Stock-based compensation expense per consolidated statements of operations$15,959 $16,525 $49,414 $49,813 The Company has not recognized, and does not expect to recognize in the foreseeable future, any tax benefit related to U.S. employee stock-based compensation expense. During the nine months ended October 31, 2025, the Company recognized a deferred tax asset related to employee stock-based compensation (RSUs) for Canada branch employees. During the nine months ended October 31, 2025 and 202