Company: PHR
Filing Date: 2025-03-13
Form Type: 10-K
Source: 0001412408-25-000010
Chunk: 37

Company: Phreesia, Inc.
Filing Date: 2025-03-13
Form: 10-K
Item: Item 8
Chunk 37
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256 1,521 Stock options2 45 1,489 Total stock-based compensation$68,337 $73,028 $60,147 The following table sets forth the presentation of stock-based compensation in the Company's consolidated financial statements:For the fiscal years endedJanuary 31, 202520242023Stock-based compensation expense recorded to additional paid-in capital$59,021 $63,981 $52,506 Stock-based compensation expense recorded to accrued expenses9,316 9,047 7,641 Total stock-based compensation$68,337 $73,028 $60,147 Less: stock-based compensation expense capitalized as internal-use software(1,362)(1,415)(1,372)Stock-based compensation expense per consolidated statements of operations$66,975 $71,613 $58,775 The Company has not recognized and does not expect to recognize in the foreseeable future, any tax benefit related to employee stock-based compensation expense. During the year ended January 31, 2025, the Company reduced stock compensation expense by $1,333, for improbable-to-probable modifications of stock compensation awards.(c) Restricted stock unitsThe Company has issued RSUs to employees and independent directors that vest based on a time-based condition. RSUs granted to employees prior to January 2021, pursuant to a time-based condition, 10% of the restricted stock units vest after one year, 20% vest after two years, 30% vest after three years and 40% vest after four years (“10/20/30/40”). The restricted stock units expire seven years from the grant date. During the year ended January 31, 2023, the Company modified the vesting of RSUs granted subsequent to January 1, 2021 for employees other than its named executive officers listed in its 2022 proxy statement ("2022 NEOs") and other members of its executive management team. Pursuant to the modified vesting schedule, RSUs granted after January 1, 2021 for employees other than 2022 NEOs and other members of its executive management team, vest 6.25% each quarter over four years based on continued service. For 2022 NEOs and other members of the Company's executive management team, RSUs granted from January 1, 2022 through December 31, 2022 vest 6.25% each quarter over four years based on continued service. RS