Pharvaris CEO sells 2,291 shares at $39.40
Pharvaris N.V.’s CEO reported a small 2,291‑share sale under a Rule 10b5‑1 plan and continues to hold significant direct and indirect positions.
Rhea-AI Filing Summary
Pharvaris N.V. (PHVS) director and Chief Executive Officer Berndt Modig reported selling 2,291 shares of Common Stock on September 14, 2026 at a weighted average price of $39.40 per share in open-market transactions under a Rule 10b5-1 trading plan. The sale followed vesting of restricted stock units and a cashless exercise of stock options. After the sale, he held 128,334 shares directly and 950,000 shares indirectly through Schoodic Management BV, an entity he controls.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 2,291 shares
Net Sell
2 txns
Insider
Modig Berndt
Role
Chief Executive Officer
Sold
2,291 shs ($90K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F1, F2 | 2,291 | $39.4046 | $90K |
| holding | Common Stock F3 | -- | -- | -- |
Holdings After Transaction:
Common Stock — 128,334 shares (Direct);
Common Stock — 950,000 shares (Indirect, By Schoodic Management BV)
Footnotes (3)
- F1. The shares were acquired upon vesting of restricted stock units and sold pursuant to a Rule 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 $38.69 to $40.39. 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. Schoodic Management BV, an entity controlled by Mr. Modig.
Key Figures
Shares sold: 2,291 shares
Weighted average sale price: $39.40 per share
Sale price range: $38.69–$40.39 per share
+3 more
6 metrics
Shares sold
2,291 shares
Common Stock sale reported for September 14, 2026
Weighted average sale price
$39.40 per share
Open-market sale on September 14, 2026 under Rule 10b5-1 plan
Sale price range
$38.69–$40.39 per share
Price range for multiple transactions on September 14, 2026
Direct holdings after transaction
128,334 shares
Common Stock held directly by Berndt Modig after the sale
Indirect holdings after transaction
950,000 shares
Common Stock held indirectly through Schoodic Management BV
Net shares sold
2,291 shares
Net sell direction across reported transactions in this Form 4
Key Terms
Rule 10b5-1 trading plan, cashless exercise, restricted stock units, weighted average sale price
4 terms
Rule 10b5-1 trading plan regulatory
"sold 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 financial
"shares were sold in connection with the exercise of stock options in a cashless exercise transaction"
A cashless exercise is a way for an option holder to convert stock options into actual shares without paying the purchase price in cash; instead they immediately give up a portion of the newly issued shares to cover the cost and any withholding taxes. Investors care because this process increases the number of shares available and can slightly dilute existing holdings, while also signaling how insiders or employees are realizing compensation without needing cash — similar to paying for a purchase by handing over part of what you just bought.
restricted stock units financial
"shares were acquired upon vesting of restricted stock units"
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.
weighted average sale price financial
"reported price represents a weighted average sale price for shares sold"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did PHVS CEO Berndt Modig report?
He reported a sale of 2,291 shares of Common Stock on September 14, 2026, executed as open-market transactions under a Rule 10b5-1 trading plan, following vesting of restricted stock units and a cashless exercise of stock options.
Was the PHVS insider sale made under a Rule 10b5-1 trading plan?
Yes. The filing’s checkbox affirms a Rule 10b5-1 trading plan, and the footnotes specify that the shares were sold pursuant to such a plan and in connection with equity award vesting and a cashless stock option exercise.
What is Schoodic Management BV in relation to PHVS CEO Berndt Modig?
The filing states that Schoodic Management BV is an entity controlled by Mr. Modig. He is reported as holding 950,000 PHVS shares indirectly through this entity after the reported transactions.
Did the Form 4 report any stock option or RSU activity for PHVS?
Yes. A footnote explains that shares were acquired upon vesting of restricted stock units and that shares were sold in connection with the exercise of stock options in a cashless exercise transaction, all tied to the reported sale.
AI-generated analysis. How Rhea-AI works. Not financial advice.
