PPHC legal chief sells 1,702 shares at $10.94

Public Policy Holding Company, Inc. (PPHC) reported that Chief Legal Officer Neal Howard Strum sold 1,702 shares of common stock on August 24, 2026 in an open-market or private transaction.

Rhea-AI Filing Summary

Public Policy Holding Company, Inc. (PPHC) reported that Chief Legal Officer Neal Howard Strum sold 1,702 shares of common stock on August 24, 2026 in an open-market or private transaction. The shares were sold at a volume-weighted average price of $10.9359 per share, with individual sale prices ranging from $10.56 to $11.27. After this sale, Strum directly holds 106,192 shares of PPHC common stock.

Insider Trade Summary

Net Seller: 1,702 shares

Net Sell 1 txn

Insider Strum Neal Howard

Role Chief Legal Officer

Sold 1,702 shs ($19K)

Type	Security	Shares	Price	Value
Sale	Common Stock, $0.001 par value F1	1,702	$10.9359	$19K

Holdings After Transaction: Common Stock, $0.001 par value — 106,192 shares (Direct)

Footnotes (1)

1. F1. Represents volume-weighted average price of sales of 1,702 shares of Company stock on August 24, 2026 at prices ranging from $10.56 to $11.27. Upon request by the Commission staff, the Company, or a security holder of the Company, the reporting person will provide full information regarding the number of shares sold by the reporting person on August 24, 2026 at each separate price.

Key Figures

Shares sold: 1,702 shares Volume-weighted average price: $10.9359 per share Sale price range: $10.56 to $11.27 per share +2 more

5 metrics

Shares sold 1,702 shares Non-derivative sale of PPHC common stock on August 24, 2026

Volume-weighted average price $10.9359 per share Average price for the 1,702 shares sold on August 24, 2026

Sale price range $10.56 to $11.27 per share Range of individual trade prices for the 1,702 shares sold

Shares owned after transaction 106,192 shares Direct holdings of Neal Howard Strum after the sale

Par value of common stock $0.001 per share Stated par value of PPHC common stock security title

Key Terms

volume-weighted average price, par value, non-derivative

3 terms

volume-weighted average price financial

"Represents volume-weighted average price of sales of 1,702 shares"

Volume-weighted average price (VWAP) is the average price of a stock over a specific time period where each trade is weighted by the number of shares traded, so larger trades influence the average more than small ones. Investors and traders use VWAP as a reference point to judge whether trades are happening at relatively good or poor prices—like checking the average price paid for an item at a market where bulk purchases count more than single-item buys.

par value financial

"Common Stock, $0.001 par value"

Par value is the fixed amount printed on a bond or stock that represents its original value when issued. It’s like the face value of a coin or bill—what the issuer promises to pay back or the starting price of a stock—though it often doesn’t change with market prices. It matters because it helps determine certain financial details, like how much the company will pay back at maturity.

non-derivative financial

"transaction_type": "non-derivative"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did PPHC report for Neal Howard Strum?

PPHC reported that Chief Legal Officer Neal Howard Strum sold 1,702 shares of common stock on August 24, 2026 in an open-market or private transaction, and now directly holds 106,192 shares of PPHC common stock.

At what price were the PPHC shares sold by Neal Howard Strum?

The 1,702 PPHC shares sold by Neal Howard Strum had a volume-weighted average price of $10.9359 per share, according to the filing footnote, with individual trade prices ranging from $10.56 to $11.27 on August 24, 2026.

How many PPHC shares does Neal Howard Strum own after this transaction?

After the reported sale, Neal Howard Strum directly owns 106,192 shares of Public Policy Holding Company, Inc. common stock, as stated in the Form 4 data for holdings following the transaction.

Was the August 24, 2026 PPHC insider sale under a Rule 10b5-1 plan?

The filing’s Rule 10b5-1 checkbox is not checked (aff_10b5_one is false), and the footnote describes pricing details only. The transaction is therefore not identified in the filing as being made under a Rule 10b5-1 trading plan.

What type of security did Neal Howard Strum sell in PPHC?

Neal Howard Strum sold common stock of Public Policy Holding Company, Inc., specifically described as “Common Stock, $0.001 par value”, in a non-derivative transaction reported on Form 4.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 08/25/2026 - 04:18 PM EDT Accepted by SEC EDGAR 08/25/2026 - 04:17 PM EDT Learn about SEC filing dates

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).

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^*

Strum Neal Howard

(Last) (First) (Middle)

800 NORTH CAPITOL STREET, NW

SUITE 800

(Street)

WASHINGTON DISTRICT OF COLUMBIA 20002

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Public Policy Holding Company, Inc. [ PPHC ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
08/24/2026

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, $0.001 par value	08/24/2026		S(1)		1,702	D	$10.9359	106,192	D

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. Represents volume-weighted average price of sales of 1,702 shares of Company stock on August 24, 2026 at prices ranging from $10.56 to $11.27. Upon request by the Commission staff, the Company, or a security holder of the Company, the reporting person will provide full information regarding the number of shares sold by the reporting person on August 24, 2026 at each separate price.

Remarks:

	/s/ Neal Howard Strum	08/24/2026
	** 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)