Pharvaris CCO sells 26,090 shares in preset plan
Rhea-AI Filing Summary
Pharvaris N.V. (PHVS) reported that Chief Commercial Officer Wim Souverijns exercised options and sold shares in mid-September 2026 under a Rule 10b5-1 trading plan. On September 14, 2026, he exercised options for 20,000 shares at $17.43 per share and immediately sold 20,000 shares in a cashless exercise at a weighted average price of $39.31. On September 15, 2026, he separately sold 6,090 shares at $38.99 per share, also under a Rule 10b5-1 plan. Following the option exercise, 95,000 options from that grant remained outstanding.
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Insights
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Insider Trade Summary 10b5-1
Exercise and sale activity reported; no spread calculated
Exercise and Sale
4 txns
Insider
Souverijns Wim
Role
Chief Commercial Officer
Sold
26,090 shs ($1.02M)
Approx. gross sale proceeds
$1.02M
Approx. exercise cost
$349K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F3 | 6,090 | $38.99 | $237K |
| Exercise | Stock Option (Right to Buy) F4 | 20,000 | $0.00 | $0.00 |
| Exercise | Common Stock F1 | 20,000 | $17.43 | $349K |
| Sale | Common Stock F1, F2 | 20,000 | $39.3063 | $786K |
Holdings After Transaction:
Stock Option (Right to Buy) — 95,000 contracts (Direct);
Common Stock — 39,021 shares (Direct)
Footnotes (4)
- F1. This is a scheduled exercise and sale from 10b5-1 trading plan.
- F2. The reported price represents a weighted average sale price for shares sold in multiple transactions on the reported date pursuant to a Rule 10b5-1 trading plan. The shares were sold in connection with the exercise of stock options in a cashless exercise transaction. The sales prices for the transactions ranged from $39.00 to $39.63. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price.
- F3. This is a scheduled sale from 10b5-1 trading plan.
- F4. 25% of the option vested on July 1, 2022 with the remaining shares vesting in 1/48 monthly installments thereafter.
Key Figures
Shares sold September 14, 2026: 20,000 shares
Weighted average sale price September 14, 2026: $39.31 per share
Shares sold September 15, 2026: 6,090 shares
+5 more
8 metrics
Shares sold September 14, 2026
20,000 shares
Common stock sold in connection with a cashless option exercise under a trading plan
Weighted average sale price September 14, 2026
$39.31 per share
Sale prices ranged from $39.00 to $39.63 per share
Shares sold September 15, 2026
6,090 shares
Common stock sale in open-market or private transactions under a trading plan
Sale price September 15, 2026
$38.99 per share
Per-share sale price for 6,090 common shares
Options exercised
20,000 options
Stock options exercised into common shares on September 14, 2026
Option exercise price
$17.43 per share
Exercise price for 20,000 options converted into common stock
Remaining options from grant
95,000 options
Outstanding after the September 14, 2026 option exercise, expiring July 1, 2031
Option expiration date
July 1, 2031
Expiration for the remaining options under the reported grant
Key Terms
Rule 10b5-1 trading plan, cashless exercise transaction, weighted average sale price, vesting
4 terms
Rule 10b5-1 trading plan regulatory
"The shares were sold in connection with the exercise of stock options in a cashless exercise transaction pursuant to a Rule 10b5-1 trading plan."
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
cashless exercise transaction financial
"The shares were sold in connection with the exercise of stock options in a cashless exercise transaction."
weighted average sale price financial
"The reported price represents a weighted average sale price for shares sold in multiple transactions."
vesting financial
"Twenty-five percent of the option vested on July 1, 2022 with remaining shares vesting in monthly installments thereafter."
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did PHVS report for Wim Souverijns in September 2026?
Pharvaris N.V. reported that Chief Commercial Officer Wim Souverijns exercised options for 20,000 shares on September 14, 2026 and sold 26,090 shares of common stock over September 14–15, 2026, in transactions made pursuant to a Rule 10b5-1 trading plan.
What options did Wim Souverijns exercise in PHVS on September 14, 2026?
On September 14, 2026, Wim Souverijns exercised stock options covering 20,000 shares of Pharvaris N.V. common stock at an exercise price of $17.43 per share. These options were part of a grant that vests over time according to a stated vesting schedule.
How many PHVS options remain after the reported exercise by Wim Souverijns?
After the reported September 14, 2026 option exercise, the filing shows that 95,000 options from the referenced grant remain outstanding for Wim Souverijns, with an expiration date of July 1, 2031.
AI-generated analysis. How Rhea-AI works. Not financial advice.