Company: PHR
Filing Date: 2025-05-28
Form Type: 10-Q
Source: 0001412408-25-000039
Chunk: 90

Company: Phreesia, Inc.
Filing Date: 2025-05-28
Form: 10-Q
Item: Part I, Item 1
Chunk 90
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 and RSUs granted during fiscal 2025 and 2026 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-

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settled bonus awards.Restricted stock unitsUnvested, January 31, 20253,597,948 Granted in three months ended April 30, 2025303,987 Vested(690,042)Forfeited and expired (98,294)Unvested, April 30, 2025(1)3,113,599 (1) Includes 12,467 awards granted pursuant to the 2023 Inducement Award Plan.As of April 30, 2025, there was $68,425 remaining of total unrecognized compensation cost related to these awards. The total unrecognized costs are 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