Company: PHR
Filing Date: 2025-09-05
Form Type: 10-Q
Source: 0001412408-25-000062
Chunk: 154

Company: Phreesia, Inc.
Filing Date: 2025-09-05
Form: 10-Q
Item: Part I, Item 8
Chunk 154
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 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 $16,763 $34,107 $33,951 Less: stock-based compensation expense capitalized as internal-use software(320)(315)(652)(663)Stock-based compensation expense per consolidated statements of operations$16,230 $16,448 $33,455 $33,288 The Company has not recognized, and does not expect to recognize in the foreseeable future, any tax benefit related to US employee stock-based compensation expense. During the three and six months ended July 31,  2025, the Company recognized a deferred tax asset related to employee stock-based compensation (RSUs) for Canada branch employees. During the six months ended July 31, 2025 and 2024, the Company reduced stock compensation expense by $233 and $1,203, respectively, for improbable-to-probable modifications of stock compensation awards.(c) Restricted stock units