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[6-K] Pharvaris N.V. Current Report (Foreign Issuer)

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6-K
Rhea-AI Filing Summary

JPMorgan Chase & Co. filed Amendment No. 1 to its Schedule 13G reporting its beneficial ownership in Yum! Brands, Inc. (YUM) as of 30 June 2025. The bank and its subsidiaries disclose aggregate beneficial ownership of 18,165,911 common shares, representing 6.5 % of YUM’s outstanding stock. Within this total, JPMorgan has sole voting power over 16,397,437 shares and shared voting power over 157,631 shares; it holds sole dispositive power over 18,055,947 shares and shared dispositive power over 104,615 shares. The filer is organized in Delaware and certifies that the shares were acquired and are held in the ordinary course of business, without intent to influence control of the issuer. Subsidiaries listed as holding or managing the securities include J.P. Morgan Securities LLC, JPMorgan Chase Bank N.A., multiple international asset-management units, and others. The filing is made pursuant to Rule 13d-1(b) as JPMorgan qualifies as a parent holding company/control person. Signature was provided by Vice President Rachel Tsvaygoft on 24 July 2025.

JPMorgan Chase & Co. ha presentato l'Emendamento n. 1 al suo Schedule 13G, riportando la sua partecipazione azionaria in Yum! Brands, Inc. (YUM) al 30 giugno 2025. La banca e le sue controllate dichiarano una proprietà aggregata di 18.165.911 azioni ordinarie, pari al 6,5% del capitale sociale di YUM. Di questo totale, JPMorgan detiene il pieno diritto di voto su 16.397.437 azioni e il diritto di voto condiviso su 157.631 azioni; possiede inoltre il pieno potere dispositvo su 18.055.947 azioni e il potere dispositvo condiviso su 104.615 azioni. Il soggetto dichiarante è costituito nel Delaware e certifica che le azioni sono state acquisite e sono detenute nell'ordinario corso dell'attività, senza l'intento di influenzare il controllo dell'emittente. Tra le controllate indicate come detentrici o gestori dei titoli figurano J.P. Morgan Securities LLC, JPMorgan Chase Bank N.A., diverse unità internazionali di gestione patrimoniale e altre. La comunicazione è effettuata ai sensi della Regola 13d-1(b) poiché JPMorgan si qualifica come società madre/persona di controllo. La firma è stata apposta dalla Vicepresidente Rachel Tsvaygoft il 24 luglio 2025.

JPMorgan Chase & Co. presentó la Enmienda N.º 1 a su Schedule 13G, informando sobre su propiedad beneficiaria en Yum! Brands, Inc. (YUM) al 30 de junio de 2025. El banco y sus subsidiarias declaran una propiedad agregada de 18.165.911 acciones ordinarias, que representan el 6,5 % del capital social en circulación de YUM. Dentro de este total, JPMorgan tiene poder de voto exclusivo sobre 16.397.437 acciones y poder de voto compartido sobre 157.631 acciones; posee poder dispositivo exclusivo sobre 18.055.947 acciones y poder dispositivo compartido sobre 104.615 acciones. El declarante está constituido en Delaware y certifica que las acciones fueron adquiridas y se mantienen en el curso ordinario de negocios, sin intención de influir en el control del emisor. Las subsidiarias que figuran como poseedoras o gestoras de los valores incluyen J.P. Morgan Securities LLC, JPMorgan Chase Bank N.A., varias unidades internacionales de gestión de activos y otras. La presentación se realiza conforme a la Regla 13d-1(b), ya que JPMorgan califica como sociedad matriz/persona de control. La firma fue proporcionada por la Vicepresidenta Rachel Tsvaygoft el 24 de julio de 2025.

JPMorgan Chase & Co.는 2025년 6월 30일 기준으로 Yum! Brands, Inc. (YUM)에 대한 실소유 지분을 보고하는 Schedule 13G의 수정안 1호를 제출했습니다. 은행과 그 자회사는 총 18,165,911 보통주를 보유하고 있으며, 이는 YUM의 발행 주식의 6.5%에 해당합니다. 이 중 JPMorgan은 16,397,437주에 대한 단독 의결권157,631주에 대한 공동 의결권을 보유하고 있으며, 18,055,947주에 대한 단독 처분권104,615주에 대한 공동 처분권을 가지고 있습니다. 제출자는 델라웨어에 설립되었으며, 주식은 정상적인 사업 과정에서 취득 및 보유되었으며 발행사의 지배권에 영향을 미칠 의도가 없음을 인증합니다. 증권을 보유하거나 관리하는 자회사로는 J.P. Morgan Securities LLC, JPMorgan Chase Bank N.A., 여러 국제 자산 관리 부서 등이 포함되어 있습니다. 이 제출은 JPMorgan이 모회사/지배인으로 자격을 갖추었기 때문에 규칙 13d-1(b)에 따라 이루어졌습니다. 서명은 2025년 7월 24일 부사장 Rachel Tsvaygoft가 하였습니다.

JPMorgan Chase & Co. a déposé l'Amendement n° 1 à son Schedule 13G, déclarant sa participation bénéficiaire dans Yum! Brands, Inc. (YUM) au 30 juin 2025. La banque et ses filiales déclarent une détention globale de 18 165 911 actions ordinaires, représentant 6,5 % du capital social en circulation de YUM. Parmi ce total, JPMorgan dispose d'un pouvoir de vote exclusif sur 16 397 437 actions et d'un pouvoir de vote partagé sur 157 631 actions ; elle détient un pouvoir discrétionnaire exclusif sur 18 055 947 actions et un pouvoir discrétionnaire partagé sur 104 615 actions. Le déclarant est constitué dans le Delaware et certifie que les actions ont été acquises et sont détenues dans le cours normal des affaires, sans intention d'influencer le contrôle de l'émetteur. Les filiales mentionnées comme détenant ou gérant les titres incluent J.P. Morgan Securities LLC, JPMorgan Chase Bank N.A., plusieurs unités internationales de gestion d'actifs, et d'autres. Le dépôt est effectué conformément à la règle 13d-1(b), JPMorgan se qualifiant en tant que société mère/personne de contrôle. La signature a été fournie par la vice-présidente Rachel Tsvaygoft le 24 juillet 2025.

JPMorgan Chase & Co. hat die Änderung Nr. 1 zu seinem Schedule 13G eingereicht, in der die wirtschaftliche Eigentümerschaft an Yum! Brands, Inc. (YUM) zum 30. Juni 2025 gemeldet wird. Die Bank und ihre Tochtergesellschaften geben eine aggregierte wirtschaftliche Eigentümerschaft von 18.165.911 Stammaktien an, was 6,5 % der ausstehenden YUM-Aktien entspricht. Davon hat JPMorgan alleinige Stimmrechte über 16.397.437 Aktien und gemeinsame Stimmrechte über 157.631 Aktien; es hält alleinige Verfügungsgewalt über 18.055.947 Aktien und gemeinsame Verfügungsgewalt über 104.615 Aktien. Der Einreicher ist in Delaware organisiert und bestätigt, dass die Aktien im normalen Geschäftsverlauf erworben und gehalten werden, ohne die Absicht, die Kontrolle des Emittenten zu beeinflussen. Zu den als Inhaber oder Verwalter der Wertpapiere genannten Tochtergesellschaften gehören J.P. Morgan Securities LLC, JPMorgan Chase Bank N.A., mehrere internationale Vermögensverwaltungseinheiten und andere. Die Meldung erfolgt gemäß Regel 13d-1(b), da JPMorgan als Muttergesellschaft/Kontrollperson qualifiziert ist. Die Unterschrift wurde am 24. Juli 2025 von der Vizepräsidentin Rachel Tsvaygoft geleistet.

Positive
  • JPMorgan’s 18.2 million-share position confirms institutional support exceeding the 5 % threshold.
Negative
  • None.

Insights

TL;DR — JPMorgan discloses 6.5 % stake in YUM; information-only filing, no change-of-control intent.

The amendment confirms JPMorgan Chase & Co. remains a >5 % holder of Yum! Brands with 18.2 million shares. Voting and dispositive powers are largely sole, suggesting holdings are spread across trading and asset-management accounts rather than client-directed index positions. As this is an information update required under Rule 13d-1(b), it signals no activism or strategic shift. The size of the position is material to ownership tables but does not by itself alter YUM’s governance dynamics or capital structure.

JPMorgan Chase & Co. ha presentato l'Emendamento n. 1 al suo Schedule 13G, riportando la sua partecipazione azionaria in Yum! Brands, Inc. (YUM) al 30 giugno 2025. La banca e le sue controllate dichiarano una proprietà aggregata di 18.165.911 azioni ordinarie, pari al 6,5% del capitale sociale di YUM. Di questo totale, JPMorgan detiene il pieno diritto di voto su 16.397.437 azioni e il diritto di voto condiviso su 157.631 azioni; possiede inoltre il pieno potere dispositvo su 18.055.947 azioni e il potere dispositvo condiviso su 104.615 azioni. Il soggetto dichiarante è costituito nel Delaware e certifica che le azioni sono state acquisite e sono detenute nell'ordinario corso dell'attività, senza l'intento di influenzare il controllo dell'emittente. Tra le controllate indicate come detentrici o gestori dei titoli figurano J.P. Morgan Securities LLC, JPMorgan Chase Bank N.A., diverse unità internazionali di gestione patrimoniale e altre. La comunicazione è effettuata ai sensi della Regola 13d-1(b) poiché JPMorgan si qualifica come società madre/persona di controllo. La firma è stata apposta dalla Vicepresidente Rachel Tsvaygoft il 24 luglio 2025.

JPMorgan Chase & Co. presentó la Enmienda N.º 1 a su Schedule 13G, informando sobre su propiedad beneficiaria en Yum! Brands, Inc. (YUM) al 30 de junio de 2025. El banco y sus subsidiarias declaran una propiedad agregada de 18.165.911 acciones ordinarias, que representan el 6,5 % del capital social en circulación de YUM. Dentro de este total, JPMorgan tiene poder de voto exclusivo sobre 16.397.437 acciones y poder de voto compartido sobre 157.631 acciones; posee poder dispositivo exclusivo sobre 18.055.947 acciones y poder dispositivo compartido sobre 104.615 acciones. El declarante está constituido en Delaware y certifica que las acciones fueron adquiridas y se mantienen en el curso ordinario de negocios, sin intención de influir en el control del emisor. Las subsidiarias que figuran como poseedoras o gestoras de los valores incluyen J.P. Morgan Securities LLC, JPMorgan Chase Bank N.A., varias unidades internacionales de gestión de activos y otras. La presentación se realiza conforme a la Regla 13d-1(b), ya que JPMorgan califica como sociedad matriz/persona de control. La firma fue proporcionada por la Vicepresidenta Rachel Tsvaygoft el 24 de julio de 2025.

JPMorgan Chase & Co.는 2025년 6월 30일 기준으로 Yum! Brands, Inc. (YUM)에 대한 실소유 지분을 보고하는 Schedule 13G의 수정안 1호를 제출했습니다. 은행과 그 자회사는 총 18,165,911 보통주를 보유하고 있으며, 이는 YUM의 발행 주식의 6.5%에 해당합니다. 이 중 JPMorgan은 16,397,437주에 대한 단독 의결권157,631주에 대한 공동 의결권을 보유하고 있으며, 18,055,947주에 대한 단독 처분권104,615주에 대한 공동 처분권을 가지고 있습니다. 제출자는 델라웨어에 설립되었으며, 주식은 정상적인 사업 과정에서 취득 및 보유되었으며 발행사의 지배권에 영향을 미칠 의도가 없음을 인증합니다. 증권을 보유하거나 관리하는 자회사로는 J.P. Morgan Securities LLC, JPMorgan Chase Bank N.A., 여러 국제 자산 관리 부서 등이 포함되어 있습니다. 이 제출은 JPMorgan이 모회사/지배인으로 자격을 갖추었기 때문에 규칙 13d-1(b)에 따라 이루어졌습니다. 서명은 2025년 7월 24일 부사장 Rachel Tsvaygoft가 하였습니다.

JPMorgan Chase & Co. a déposé l'Amendement n° 1 à son Schedule 13G, déclarant sa participation bénéficiaire dans Yum! Brands, Inc. (YUM) au 30 juin 2025. La banque et ses filiales déclarent une détention globale de 18 165 911 actions ordinaires, représentant 6,5 % du capital social en circulation de YUM. Parmi ce total, JPMorgan dispose d'un pouvoir de vote exclusif sur 16 397 437 actions et d'un pouvoir de vote partagé sur 157 631 actions ; elle détient un pouvoir discrétionnaire exclusif sur 18 055 947 actions et un pouvoir discrétionnaire partagé sur 104 615 actions. Le déclarant est constitué dans le Delaware et certifie que les actions ont été acquises et sont détenues dans le cours normal des affaires, sans intention d'influencer le contrôle de l'émetteur. Les filiales mentionnées comme détenant ou gérant les titres incluent J.P. Morgan Securities LLC, JPMorgan Chase Bank N.A., plusieurs unités internationales de gestion d'actifs, et d'autres. Le dépôt est effectué conformément à la règle 13d-1(b), JPMorgan se qualifiant en tant que société mère/personne de contrôle. La signature a été fournie par la vice-présidente Rachel Tsvaygoft le 24 juillet 2025.

JPMorgan Chase & Co. hat die Änderung Nr. 1 zu seinem Schedule 13G eingereicht, in der die wirtschaftliche Eigentümerschaft an Yum! Brands, Inc. (YUM) zum 30. Juni 2025 gemeldet wird. Die Bank und ihre Tochtergesellschaften geben eine aggregierte wirtschaftliche Eigentümerschaft von 18.165.911 Stammaktien an, was 6,5 % der ausstehenden YUM-Aktien entspricht. Davon hat JPMorgan alleinige Stimmrechte über 16.397.437 Aktien und gemeinsame Stimmrechte über 157.631 Aktien; es hält alleinige Verfügungsgewalt über 18.055.947 Aktien und gemeinsame Verfügungsgewalt über 104.615 Aktien. Der Einreicher ist in Delaware organisiert und bestätigt, dass die Aktien im normalen Geschäftsverlauf erworben und gehalten werden, ohne die Absicht, die Kontrolle des Emittenten zu beeinflussen. Zu den als Inhaber oder Verwalter der Wertpapiere genannten Tochtergesellschaften gehören J.P. Morgan Securities LLC, JPMorgan Chase Bank N.A., mehrere internationale Vermögensverwaltungseinheiten und andere. Die Meldung erfolgt gemäß Regel 13d-1(b), da JPMorgan als Muttergesellschaft/Kontrollperson qualifiziert ist. Die Unterschrift wurde am 24. Juli 2025 von der Vizepräsidentin Rachel Tsvaygoft geleistet.

 
 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

FORM 6-K

 

 

Report of Foreign Private Issuer

Pursuant to Rule 13a-16 or 15d-16

of the Securities Exchange Act of 1934

For the month of July, 2025

Commission File Number: 001-40010

 

 

Pharvaris N.V.

(Translation of registrant’s name into English)

 

 

Emmy Noetherweg 2

2333 BK Leiden

The Netherlands

(Address of principal executive offices)

 

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F

☒ Form 20-F   ☐ Form 40-F

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ☐

Note: Regulation S-T Rule 101(b)(1) only permits the submission in paper of a Form 6-K if submitted solely to provide an attached annual report to security holders.

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ☐

Note: Regulation S-T Rule 101(b)(7) only permits the submission in paper of a Form 6-K if submitted to furnish a report or other document that the registrant foreign private issuer must furnish and make public under the laws of the jurisdiction in which the registrant is incorporated, domiciled or legally organized (the registrant’s “home country”), or under the rules of the home country exchange on which the registrant’s securities are traded, as long as the report or other document is not a press release, is not required to be and has not been distributed to the registrant’s security holders, and, if discussing a material event, has already been the subject of a Form 6-K submission or other Commission filing on EDGAR.

 

 
 


PHARVARIS N.V.

On July 22, 2025, Pharvaris N.V. (the “Company”) entered into an underwriting agreement (the “Underwriting Agreement”) with Morgan Stanley & Co. LLC and Leerink Partners LLC as representatives of the underwriters named therein (the “Underwriters”), pursuant to which the Company agreed to issue and sell (i) 9,562,500 ordinary shares, par value €0.12 per share (which includes the exercise in full by the underwriters of their option to purchase up to an additional 1,312,500 ordinary shares) (the “Shares”) and (ii) pre-funded warrants (the “Pre-Funded Warrants”) to purchase up to 500,000 ordinary shares in an underwritten offering (the “Offering”). The Offering closed on July 24, 2025.

The Shares were sold in the Offering at the public offering price of $20.00 per share. The Pre-Funded Warrants were sold at a public offering price of $19.99 per Pre-Funded Warrant, which represents the per share public offering price for the ordinary shares less the $0.01 per share exercise price for each such Pre-Funded Warrant. Each Pre-Funded Warrant is exercisable as of July 24, 2025 until fully exercised, subject to an ownership limitation relating to the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, as set forth in the form of Pre-Funded Warrant.

The Offering was made pursuant to the Company’s effective registration statement on Form F-3ASR (Registration No. 333-278650), which was previously filed with the Securities and Exchange Commission under the Securities Act of 1933, as amended (the “Securities Act”) and became effective automatically upon filing.

The net proceeds from the Offering, after deducting the underwriting discounts and commissions, are expected to be approximately $201 million. The Company currently intends to use the net proceeds from the offering primarily to fund research and development expenses for its late-stage clinical programs, the hiring of a sales and marketing team in the U.S. and related commercialization expenses and for working capital and general corporate purposes.

Pursuant to the Underwriting Agreement, the Company’s executive officers and directors entered into agreements in substantially the form included as an exhibit to the Underwriting Agreement, providing for a 90-day “lock-up” period with respect to sales of the Company’s ordinary shares, subject to certain exceptions.

The foregoing is a summary description of the Underwriting Agreement and is qualified in its entirety by the text of the Underwriting Agreement filed as Exhibit 1.1 to this Current Report on Form 6-K and incorporated herein by reference.

The form of Pre-Funded Warrant is filed as Exhibit 4.1 to this report and the foregoing description of the terms of the Pre-Funded Warrants is qualified in its entirety by reference to such exhibit.

A copy of the opinion of NautaDutilh N.V. relating to the validity of the Shares issued in the Offering is filed herewith as Exhibit 5.1. A copy of the opinion of Kirkland & Ellis LLP relating to the validity of the Pre-Funded Warrants issued in the Offering is filed herewith as Exhibit 5.2.

The Company hereby incorporates by reference the information contained in the body of this Report on Form 6-K into the Company’s Registration Statement on Form F-3ASR (File No. 333-278650), the Company’s Registration Statement on Form F-3 (File No. 333-273757), the Company’s Registration Statement on Form F-3ASR (File No. 333-277705 and the Company’s Registration Statement on Form S-8 (File No. 333-252897). This report on Form 6-K (including the exhibits filed herewith) is incorporated by reference into the Company’s Registration Statement on Form F-3ASR (File No. 333-278650).


Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

 

Exhibit No.    Description
 1.1    Underwriting Agreement, dated July 22, 2025, among Pharvaris N.V., Morgan Stanley & Co. LLC, Leerink Partners LLC, Cantor Fitzgerald & Co., Oppenheimer  & Co. Inc. and Van Lanschot Kempen (USA) Inc. as underwriters.
 4.1    Form of Pre-Funded Warrant.
 5.1    Opinion of NautaDutilh N.V.
 5.2    Opinion of Kirkland & Ellis LLP.
23.1    Consent of NautaDutilh N.V. (contained in Exhibit 5.1).
23.2    Consent of Kirkland & Ellis LLP (contained in Exhibit 5.2).


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

   

PHARVARIS N.V.

Dated: July 24, 2025     By:  

/s/ Berndt Modig

    Name: Berndt Modig
    Title: Chief Executive Officer

FAQ

How many Yum! Brands shares does JPMorgan Chase & Co. own?

The filing states JPMorgan beneficially owns 18,165,911 common shares of YUM.

What percentage of YUM’s outstanding stock does JPMorgan hold?

JPMorgan’s stake represents 6.5 % of the outstanding common shares.

Does JPMorgan have sole or shared voting power over its YUM shares?

It has sole voting power over 16,397,437 shares and shared voting power over 157,631 shares.

Why did JPMorgan file this Schedule 13G/A for Yum! Brands?

Rule 13d-1(b) requires institutional holders exceeding 5 % ownership to disclose their positions; this amendment updates JPMorgan’s holdings as of 30 June 2025.

Which JPMorgan subsidiaries are listed as holding or managing YUM shares?

Subsidiaries include J.P. Morgan Securities LLC, JPMorgan Chase Bank N.A., JPMorgan Asset Management (UK) Limited, and others as detailed in Item 7.
Pharvaris N.V.

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