Pharvaris (PHVS) CFO/CLO Nassif sells 10,000 shares, corrects ownership
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Pharvaris N.V. CFO/CLO David W. Nassif reported an open-market sale of 10,000 shares of Common Stock at a weighted average price of $30.3076 per share. The shares sold were previously acquired upon vesting of restricted stock units. Following this transaction, he directly holds 120,300 shares. The filing also corrects a prior Form 3 that understated his beneficial ownership by 6,375 shares due to an administrative error in tax-withholding reporting.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 10,000 shares ($303,076)
Net Sell
1 txn
Insider
Nassif David W.
Role
CFO / CLO
Sold
10,000 shs ($303K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 10,000 | $30.3076 | $303K |
Holdings After Transaction:
Common Stock — 120,300 shares (Direct, null)
Footnotes (1)
- The reported price represents a weighted average sale price for shares sold in multiple transactions at prices ranging from $30.08 to $30.55 per share. The shares sold were acquired upon vesting of restricted stock units on various dates. 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. The total number of shares beneficially owned previously reported in the Form 3 filed on March 18, 2026 was understated by 6,375 shares due to an administrative error in the number of shares reported as withheld for tax obligations in connection with an RSU vesting transaction. This filing reflects the corrected beneficial ownership amount.
Key Figures
Shares sold: 10,000 shares
Weighted average sale price: $30.3076 per share
Price range: $30.08–$30.55 per share
+2 more
5 metrics
Shares sold
10,000 shares
Open-market sale on May 21, 2026
Weighted average sale price
$30.3076 per share
Common Stock sale on May 21, 2026
Price range
$30.08–$30.55 per share
Range of executed sale prices
Shares owned after transaction
120,300 shares
Direct holdings following reported sale
Prior ownership understatement
6,375 shares
Correction of previously reported beneficial ownership
Key Terms
weighted average sale price, restricted stock units, beneficially owned, withheld for tax obligations
4 terms
weighted average sale price financial
"The reported price represents a weighted average sale price for shares sold in multiple transactions"
restricted stock units financial
"The shares sold were 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.
beneficially owned financial
"The total number of shares beneficially owned previously reported in the Form 3"
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
withheld for tax obligations financial
"shares reported as withheld for tax obligations in connection with an RSU vesting transaction"
FAQ
What insider transaction did Pharvaris (PHVS) report for David W. Nassif?
Pharvaris reported that CFO/CLO David W. Nassif sold 10,000 shares of Common Stock in an open-market transaction at a weighted average price of $30.3076 per share. These shares came from vested restricted stock units, reflecting a routine disposition rather than a new grant.
At what price did the Pharvaris (PHVS) insider sale occur?
The reported sale used a weighted average price of $30.3076 per share, covering multiple trades between $30.08 and $30.55. This range reflects normal market execution across several transactions on the same date, summarized as one line in the Form 4 filing.
Did Pharvaris (PHVS) correct any prior ownership reporting in this Form 4?
Yes. The Form 4 explains that a prior Form 3 filed March 18, 2026 understated Nassif’s beneficial ownership by 6,375 shares. The error stemmed from misreporting shares withheld for tax obligations on an RSU vesting, and the current filing reflects the corrected amount.