Pharvaris (PHVS) director sells 37,600 shares in Rule 10b5-1 plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Pharvaris N.V. director Johannes Gerardus Christiaan Petrus Schikan reported open-market sales of company common stock under a pre-arranged Rule 10b5-1 trading plan. He sold 6,888 shares on June 29, 2026 at a weighted average price of $35.0533 per share and 30,712 shares on June 30, 2026 at a weighted average price of $35.4926 per share.
Following these transactions, he directly holds 315,167 Pharvaris common shares. Footnotes state that both sales were executed through multiple trades within daily price ranges of $35.00–$35.10 and $35.00–$35.90, respectively, and were carried out pursuant to his Rule 10b5-1 trading plan.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 37,600 shares ($1,331,496)
Net Sell
2 txns
Insider
Schikan Johannes Gerardus Christiaan Petrus
Role
null
Sold
37,600 shs ($1.33M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 30,712 | $35.4926 | $1.09M |
| Sale | Common Stock | 6,888 | $35.0533 | $241K |
Holdings After Transaction:
Common Stock — 315,167 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 sales prices for the transactions ranged from $35.00 to $35.10 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 sales prices for the transactions ranged from $35.00 to $35.90. 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 June 29, 2026: 6,888 shares
Price June 29, 2026: $35.0533 per share
Shares sold June 30, 2026: 30,712 shares
+5 more
8 metrics
Shares sold June 29, 2026
6,888 shares
Open-market sale of common stock
Price June 29, 2026
$35.0533 per share
Weighted average sale price
Shares sold June 30, 2026
30,712 shares
Open-market sale of common stock
Price June 30, 2026
$35.4926 per share
Weighted average sale price
Total shares sold
37,600 shares
Net sales across both days
Shares owned after sales
315,167 shares
Director’s direct holdings post-transaction
Price range June 29, 2026
$35.00–$35.10
Intraday sale price range per footnote
Price range June 30, 2026
$35.00–$35.90
Intraday sale price range per footnote
Key Terms
Rule 10b5-1 trading plan, weighted average sale price, open-market sale, Form 4
4 terms
Rule 10b5-1 trading plan regulatory
"sales were made 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"
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 regulatory
"INSIDER FILING DATA (Form 4)"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
Were the Pharvaris (PHVS) insider sales part of a Rule 10b5-1 plan?
Yes. Footnotes state the sales were made pursuant to a Rule 10b5-1 trading plan. Such plans are pre-arranged programs that schedule trades in advance, helping insiders systematically sell shares without making ad hoc timing decisions based on nonpublic information.