Pharvaris (PHVS) CEO sells 23,333 shares in Rule 10b5-1 trades

Rhea-AI Filing Summary

Pharvaris N.V. Chief Executive Officer Berndt Modig reported open-market sales of a total of 23,333 shares of common stock on April 9, 2026. The transactions were executed under a Rule 10b5-1 trading plan at weighted average prices of $27.7352 and $28.415 per share, across price ranges of $27.31–$28.30 and $28.32–$28.51. The shares sold include stock previously acquired upon vesting of restricted stock units. Following these sales, Modig holds 142,084 shares directly and 950,000 shares indirectly through Schoodif Management BV.

Insights

Equity analyst

CEO Modig executed pre-planned open-market sales while retaining a large remaining stake.

CEO Berndt Modig sold 23,333 Pharvaris common shares on April 9, 2026 in open-market transactions. The weighted average prices were $27.7352 and $28.415 per share, with trades spread over defined intraday ranges.

The footnotes state these were made under a Rule 10b5-1 trading plan and that the shares include stock from vested restricted stock units. After the sales, Modig still holds 142,084 shares directly and 950,000 indirectly via Schoodif Management BV, indicating a substantial ongoing ownership position.

Because the transactions are pre-planned and represent a small portion of his combined direct and indirect holdings, they appear as routine portfolio management rather than a major change in insider exposure.

Insider Trade Summary 10b5-1

Net Seller: 23,333 shares ($647,281)

Net Sell 3 txns

Insider Modig Berndt

Role Chief Executive Officer

Sold 23,333 shs ($647K)

Type	Security	Shares	Price	Value
Sale	Common Stock	23,133	$27.7352	$642K
Sale	Common Stock	200	$28.415	$6K
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 142,284 shares (Direct); Common Stock — 950,000 shares (Indirect, By Schoodif 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 $27.31 to $28.30. 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. 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 $28.51. 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. Schoodif Management BV, an entity controlled by Mr. Modig.

Key Figures

Shares sold: 23,333 shares Weighted average sale price 1: $27.7352/share Weighted average sale price 2: $28.415/share +4 more

7 metrics

Shares sold 23,333 shares Open-market sales on April 9, 2026

Weighted average sale price 1 $27.7352/share First sale tranche on April 9, 2026

Weighted average sale price 2 $28.415/share Second sale tranche on April 9, 2026

Direct holdings after sales 142,084 shares Common stock held directly by CEO after transactions

Indirect holdings 950,000 shares Common stock held via Schoodif Management BV

Price range tranche 1 $27.31–$28.30 Sale price range for first weighted average

Price range tranche 2 $28.32–$28.51 Sale price range for second weighted average

Key Terms

Rule 10b5-1 trading plan, restricted stock units, weighted average sale price, indirect ownership, +1 more

5 terms

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.

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.

weighted average sale price financial

"The reported price represents a weighted average sale price for shares sold"

indirect ownership financial

"Common Stock holding marked as indirect: By Schoodif Management BV"

open-market sale financial

"transaction_action is described as open-market sale of Common Stock"

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 4

UNITED 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)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Executive Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/09/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form 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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	04/09/2026		S		23,133	D	$27.7352(1)	142,284	D
Common Stock	04/09/2026		S		200	D	$28.415(2)	142,084	D
Common Stock								950,000	I	By Schoodif Management BV(3)

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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount 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 $27.31 to $28.30. 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.

2. 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 $28.51. 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.

3. Schoodif Management BV, an entity controlled by Mr. Modig.

	/s/ Marnus Nel, Attorney-in-Fact for Berndt Modig	04/10/2026
	** Signature of Reporting Person	Date
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)

FAQ

How many Pharvaris (PHVS) shares did CEO Berndt Modig sell?

CEO Berndt Modig sold a total of 23,333 Pharvaris common shares in open-market transactions. These trades occurred on April 9, 2026, and were executed under a Rule 10b5-1 trading plan, spreading sales across two price ranges around the high-$20s per share.

At what prices were the Pharvaris (PHVS) CEO’s shares sold?

The CEO’s sales used weighted average prices of $27.7352 and $28.415 per share. Actual trades took place in ranges of $27.31–$28.30 and $28.32–$28.51, reflecting multiple executions throughout the trading day under a pre-arranged Rule 10b5-1 plan.

Were the Pharvaris (PHVS) CEO stock sales pre-planned?

Yes. The filing explains that the reported sales were made pursuant to a Rule 10b5-1 trading plan. Such plans are established in advance and automate trading, indicating these transactions followed a preset schedule rather than being discretionary decisions based on short-term market conditions.

How many Pharvaris (PHVS) shares does CEO Berndt Modig still own?

After the reported transactions, CEO Berndt Modig holds 142,084 shares directly and 950,000 shares indirectly through Schoodif Management BV. This combined position shows he retains a substantial equity stake in Pharvaris following the April 9, 2026 sales.

What is Schoodif Management BV’s role in the Pharvaris (PHVS) CEO holdings?

Schoodif Management BV is identified as an entity controlled by Mr. Modig that holds 950,000 Pharvaris common shares. These shares are reported as indirect ownership, meaning Modig’s total exposure includes both his direct holdings and those held through this controlled entity.

Do the Pharvaris (PHVS) CEO sales involve restricted stock units (RSUs)?

Yes. The footnotes state the reported shares include stock acquired upon vesting of restricted stock units on various dates. This means part of the position being sold originated from equity compensation awards that had previously vested into common shares.