Pharvaris (PHVS) CCO Souverijns sells 10,000 shares under Rule 10b5-1 plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Pharvaris N.V. Chief Commercial Officer Wim Souverijns sold 10,000 shares of Common Stock in an open-market transaction at a weighted average price of $29.9163 per share. The sale was executed on May 15, 2026 under a pre-arranged Rule 10b5-1 trading plan, and Souverijns held 45,111 shares after the transaction.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 10,000 shares ($299,163)
Net Sell
1 txn
Insider
Souverijns Wim
Role
Chief Commercial Officer
Sold
10,000 shs ($299K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 10,000 | $29.9163 | $299K |
Holdings After Transaction:
Common Stock — 45,111 shares (Direct, null)
Footnotes (1)
- This is a scheduled sale from 10b5-1 trading plan. 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 reported herein include shares of common stock acquired upon vesting of restricted stock units on various dates. The sales prices for the transactions ranged from $29.725 to $30.08. 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.
Key Figures
Shares sold: 10,000 shares
Weighted average sale price: $29.9163 per share
Post-transaction holdings: 45,111 shares
+1 more
4 metrics
Shares sold
10,000 shares
Open-market sale on May 15, 2026
Weighted average sale price
$29.9163 per share
Common Stock sale on May 15, 2026
Post-transaction holdings
45,111 shares
Common Stock held directly after sale
Price range of sales
$29.725 to $30.08
Multiple transactions included in weighted average
Key Terms
Rule 10b5-1 trading plan, weighted average sale price, restricted stock units
3 terms
Rule 10b5-1 trading plan regulatory
"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."
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.
weighted average sale price financial
"The reported price represents a weighted average sale price for shares sold in multiple transactions on the reported date..."
restricted stock units financial
"The shares reported herein include shares of common stock acquired upon vesting of restricted stock units on various dates."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
FAQ
What insider transaction did Pharvaris (PHVS) report for Wim Souverijns?
Pharvaris reported that Chief Commercial Officer Wim Souverijns sold 10,000 shares of Common Stock. The transaction occurred on May 15, 2026 as an open-market sale executed under a pre-arranged Rule 10b5-1 trading plan.
Was the Pharvaris (PHVS) insider sale made under a Rule 10b5-1 plan?
Yes. The filing states that the sale by Wim Souverijns was a scheduled transaction executed under a Rule 10b5-1 trading plan. Such plans pre-arrange trade timing and size, reducing the significance of short-term market timing decisions.
What does the weighted average sale price mean in the Pharvaris (PHVS) Form 4?
The weighted average sale price of $29.9163 represents the combined average for multiple trades executed that day. Individual transactions occurred between $29.725 and $30.08, and the insider offered to provide detailed breakdowns of shares sold at each price.