Company: PHR
Filing Date: 2025-09-05
Form Type: 10-Q
Source: 0001412408-25-000062
Chunk: 152

Company: Phreesia, Inc.
Filing Date: 2025-09-05
Form: 10-Q
Item: Part I, Item 8
Chunk 152
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. The stock repurchase program does not obligate the Company to repurchase any dollar amount or number of shares of its common stock, and the program may be modified, suspended or discontinued at any time without prior notice. The 1% U.S. federal excise tax on certain repurchases of stock by publicly traded U.S. corporations enacted as part of the Inflation Reduction Act of 2022 applies to repurchases pursuant to the Company’s stock repurchase program. There were no repurchases during the six months ended July 31, 2025.(d) Accumulated other comprehensive income (loss)Activity in accumulated other comprehensive income (loss) was as follows for the six months ended July 31, 2025 and 2024: Unrealized gain on cash flow hedgesForeign currency translation adjustmentAccumulated other comprehensive (loss) incomeBalance, January 31, 2024$— $— $— Other comprehensive loss— (2)(2)Balance, July 31, 2024$— $(2)$(2)Balance, January 31, 2025$— $(51)$(51)Other comprehensive income (loss) before reclassifications347 (45)302 Amounts reclassified from accumulated other comprehensive income (loss) (139)— (139)Net current period other comprehensive income (loss)$208 $(45)$163 Balance, July 31, 2025$208 $(96)$112 There was no balance or activity in accumulated other comprehensive income (loss) prior to January 31, 2024. As the Company records a valuation allowance against its U.S. deferred tax assets and substantially all of the Company’s accumulated other comprehensive income originated in the U.S., other comprehensive income did not include income tax expense, and the amounts reclassified from accumulated other comprehensive income (loss) for unrealized gain (loss) on cash flow hedges did not include income tax expense.

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Table of Contents

8. Equity-based compensation

(a) Equity award plansIn January 2018, the Board of Directors adopted the Company’s 2018 Stock Option Plan (as amended, the "2018 Stock Option Plan"), which provided for the issuance of options to purchase up to 3,048,490 shares of the Company’s common stock to officers, directors, employees, and consultants. The option exercise price per share is determined by the Board of Directors based on the estimated fair value of the