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Pharvaris (PHVS) CEO sells 2,292 shares but retains large stake

Filing Impact
(Neutral)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

Pharvaris N.V. Chief Executive Officer Berndt Modig reported a small open-market sale of company stock. On April 16, 2026, he sold 2,292 shares of Pharvaris common stock at a weighted average price of $28.6032 per share in a series of trades executed under a Rule 10b5-1 trading plan. These sales involved shares that include stock previously acquired upon vesting of restricted stock units. After the sale, he directly owns 139,792 shares of common stock and also has an indirect holding of 950,000 shares through Schoodic Management BV, an entity he controls, indicating he retains a substantial overall stake in the company.

Positive

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Negative

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Insider Modig Berndt
Role Chief Executive Officer
Sold 2,292 shs ($66K)
Type Security Shares Price Value
Sale Common Stock 2,292 $28.6032 $66K
holding Common Stock -- -- --
Holdings After Transaction: Common Stock — 139,792 shares (Direct, null); Common Stock — 950,000 shares (Indirect, By Schoodic Management BV)
Footnotes (1)
  1. 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 $28.32 to $28.82. 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. Schoodic Management BV, an entity controlled by Mr. Modig.
Shares sold 2,292 shares Open-market sale on April 16, 2026
Weighted average sale price $28.6032 per share Common stock sale on April 16, 2026
Direct holdings after transaction 139,792 shares Common stock directly owned following sale
Indirect holdings 950,000 shares Common stock held via Schoodic Management BV
Sale price range $28.32–$28.82 per share Multiple trades executed on April 16, 2026
Rule 10b5-1 trading plan financial
"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"
restricted stock units financial
"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.
indirect ownership financial
"total_shares_following_transaction ... direct_or_indirect: "I", nature_of_ownership: "By Schoodic Management BV""
open-market sale financial
"transaction_action: "open-market sale""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
X
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Modig Berndt
(Last)(First)(Middle)
1 CRANBERRY HILL SUITE 400
(Street)
LEXINGTON MASSACHUSETTS 02421
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
Pharvaris N.V. [ PHVS ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
XOfficer (give title below)Other (specify below)
Chief Executive Officer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
04/16/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Common Stock04/16/2026S2,292D$28.6032(1)139,792D
Common Stock950,000IBy Schoodic Management BV(2)
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. 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 $28.32 to $28.82. 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.
2. Schoodic Management BV, an entity controlled by Mr. Modig.
/s/ Marnus Nel, Attorney-in-Fact for Berndt Modig04/20/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Pharvaris (PHVS) report for CEO Berndt Modig?

Pharvaris CEO Berndt Modig reported selling 2,292 shares of common stock. The sale was an open-market transaction executed on April 16, 2026, at a weighted average price of $28.6032 per share, according to a pre-arranged Rule 10b5-1 trading plan.

At what price did the Pharvaris (PHVS) CEO sell his shares?

The CEO’s reported sale used a weighted average price of $28.6032 per share. Individual trades occurred in a range between $28.32 and $28.82, reflecting multiple executions on the same date under a Rule 10b5-1 trading plan.

How many Pharvaris (PHVS) shares does the CEO hold after this Form 4 filing?

After the reported sale, the CEO directly holds 139,792 Pharvaris common shares. In addition, there is an indirect holding of 950,000 shares held through Schoodic Management BV, an entity controlled by him, as disclosed in the filing footnotes.

Was the Pharvaris (PHVS) CEO sale made under a Rule 10b5-1 plan?

Yes. The filing states the transactions were executed under a Rule 10b5-1 trading plan. Such plans are pre-arranged instructions for trading shares, designed to allow insiders to sell stock on a scheduled basis without timing the market.

What is Schoodic Management BV in relation to Pharvaris (PHVS) CEO holdings?

Schoodic Management BV is described as an entity controlled by CEO Berndt Modig. The Form 4 shows 950,000 Pharvaris common shares as indirectly owned through this entity, in addition to his directly held shares.