Pharvaris (PHVS) director’s 2,400-share Rule 10b5-1 stock sale detailed
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Pharvaris N.V. director Johannes Gerardus Christiaan Petrus Schikan reported an open-market sale of 2,400 shares of common stock. The shares were sold at a weighted average price of $35.1041 per share under a pre-arranged Rule 10b5-1 trading plan, with individual trade prices ranging from $35.00 to $35.30. After this transaction, Schikan directly holds 352,767 shares of Pharvaris common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 2,400 shares ($84,250)
Net Sell
1 txn
Insider
Schikan Johannes Gerardus Christiaan Petrus
Role
null
Sold
2,400 shs ($84K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 2,400 | $35.1041 | $84K |
Holdings After Transaction:
Common Stock — 352,767 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 $35.00 to $35.30. 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: 2,400 shares
Weighted average sale price: $35.1041 per share
Sale price range: $35.00–$35.30 per share
+1 more
4 metrics
Shares sold
2,400 shares
Open-market sale of common stock
Weighted average sale price
$35.1041 per share
Average price for shares sold on transaction date
Sale price range
$35.00–$35.30 per share
Range of prices across multiple transactions
Shares held after transaction
352,767 shares
Director’s direct holdings post-sale
Key Terms
Rule 10b5-1 trading plan, weighted average sale price, restricted stock units
3 terms
Rule 10b5-1 trading plan regulatory
"This is a scheduled sale from 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"
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 in this Form 4?
Pharvaris reported that director Johannes G.C.P. Schikan sold 2,400 shares of common stock. The transaction was an open-market sale executed under a Rule 10b5-1 trading plan at a weighted average price of $35.1041 per share.
Was the Pharvaris (PHVS) insider sale made under a Rule 10b5-1 plan?
Yes. The Form 4 states the 2,400-share sale was a scheduled transaction under a Rule 10b5-1 trading plan. Such plans pre-arrange trades, which can indicate the timing was not based on short-term market developments or new, undisclosed information.
Does the Pharvaris (PHVS) Form 4 involve any derivative securities or options?
No derivative securities are reported in this Form 4. The filing lists a single non-derivative transaction: an open-market sale of 2,400 shares of Pharvaris common stock, with no option exercises or other derivative activity disclosed in the derivative summary.