PPHC legal chief sells 2,756 shares near $10

Q: How many PPHC shares did Neal Howard Strum sell on June 10, 2026?

On June 10, 2026, Neal Howard Strum sold 749 shares of Public Policy Holding Company common stock. The volume-weighted average price was $10.19 per share, with individual trades executed between $10.12 and $10.45 during the day.

Q: How many PPHC shares did Neal Howard Strum sell on June 11, 2026?

On June 11, 2026, Neal Howard Strum sold 2,007 shares of Public Policy Holding Company common stock. The volume-weighted average sale price was $10.35 per share, with trade prices ranging from $10.25 to $10.45 during that trading session.

Public Policy Holding Company, Inc. Chief Legal Officer Neal Howard Strum reported open-market sales of company common stock over two days.

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Filing Sentiment

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Form Type

Rhea-AI Filing Summary

Public Policy Holding Company, Inc. Chief Legal Officer Neal Howard Strum reported open-market sales of company common stock over two days. He sold 749 shares on June 10, 2026 at a volume-weighted average price of $10.19, within a range of $10.12 to $10.45. He then sold 2,007 shares on June 11, 2026 at a volume-weighted average price of $10.35, within a range of $10.25 to $10.45. After these transactions, he directly holds 58,820 shares of common stock.

Insider Trade Summary

Net Seller: 2,756 shares

Net Sell 2 txns

Insider Strum Neal Howard

Role Chief Legal Officer

Sold 2,756 shs ($28K)

Type	Security	Shares	Price	Value
Sale	Common Stock, $0.001 par value	2,007	$10.35	$21K
Sale	Common Stock, $0.001 par value	749	$10.19	$8K

Holdings After Transaction: Common Stock, $0.001 par value — 58,820 shares (Direct)

Footnotes (2)

F1. Represents volume-weighted average price of sales of 749 shares of Company stock on June 10, 2026 at prices ranging from $10.12 to $10.45. 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 June 10, 2026 at each separate price.
F2. Represents volume-weighted average price of sales of 2,007 shares of Company stock on June 11, 2026 at prices ranging from $10.25 to $10.45 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 June 11, 2026 at each separate price.

Key Figures

Shares sold June 10, 2026: 749 shares Price range June 10, 2026: $10.12–$10.45/share Shares sold June 11, 2026: 2,007 shares +5 more

8 metrics

Shares sold June 10, 2026 749 shares Open-market sale at $10.19 volume-weighted average price

Price range June 10, 2026 $10.12–$10.45/share Trading range for 749-share sale

Shares sold June 11, 2026 2,007 shares Open-market sale at $10.35 volume-weighted average price

Price range June 11, 2026 $10.25–$10.45/share Trading range for 2,007-share sale

Total shares sold 2,756 shares Combined June 10–11, 2026 open-market sales

Shares held after transactions 58,820 shares Direct ownership after June 11, 2026 sale

June 10 VWAP $10.19/share Volume-weighted average price for 749-share sale

June 11 VWAP $10.35/share Volume-weighted average price for 2,007-share sale

Key Terms

volume-weighted average price, open-market sale, Common Stock, $0.001 par value, transaction code "S"

4 terms

volume-weighted average price financial

"Represents volume-weighted average price of sales of 749 shares of Company stock on June 10, 2026 at prices ranging from $10.12 to $10.45."

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.

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.

Common Stock, $0.001 par value financial

"security_title": "Common Stock, $0.001 par value""

transaction code "S" regulatory

"transaction_code": "S", "transaction_code_description": "Sale in open market or private transaction""

FAQ

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

What insider trades did PPHC Chief Legal Officer Neal Howard Strum report?

Neal Howard Strum reported two open-market sales of Public Policy Holding Company common stock, totaling 2,756 shares. The trades occurred on June 10 and 11, 2026, at volume-weighted average prices of $10.19 and $10.35, respectively.

How many PPHC shares did Neal Howard Strum sell on June 10, 2026?

On June 10, 2026, Neal Howard Strum sold 749 shares of Public Policy Holding Company common stock. The volume-weighted average price was $10.19 per share, with individual trades executed between $10.12 and $10.45 during the day.

How many PPHC shares did Neal Howard Strum sell on June 11, 2026?

On June 11, 2026, Neal Howard Strum sold 2,007 shares of Public Policy Holding Company common stock. The volume-weighted average sale price was $10.35 per share, with trade prices ranging from $10.25 to $10.45 during that trading session.

What is Neal Howard Strum’s remaining PPHC shareholding after these sales?

Following the reported open-market sales, Neal Howard Strum directly holds 58,820 shares of Public Policy Holding Company common stock. This post-transaction figure is disclosed in the filing and reflects his remaining direct ownership stake after the June 2026 trades.

Were the reported PPHC insider sales by Neal Howard Strum open-market transactions?

Yes. Both transactions reported by Neal Howard Strum are coded as "S", described as open-market or private sales of common stock. The filing specifies they were open-market sales with disclosed volume-weighted average prices and trading ranges for each day.

What prices did Neal Howard Strum receive for his PPHC stock sales?

For the June 10, 2026 sale of 749 shares, the volume-weighted average price was $10.19 within a $10.12–$10.45 range. For the June 11, 2026 sale of 2,007 shares, the volume-weighted average price was $10.35 within a $10.25–$10.45 range.

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

Form 4 Insider Transactions: What Each Field Means →

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Accepted by SEC EDGAR 06/12/2026 - 05:14 PM EDT

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)
06/10/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock, $0.001 par value	06/10/2026		S⁽¹⁾		749	D	$10.19	60,827	D
Common Stock, $0.001 par value	06/11/2026		S⁽²⁾		2,007	D	$10.35	58,820	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. Represents volume-weighted average price of sales of 749 shares of Company stock on June 10, 2026 at prices ranging from $10.12 to $10.45. 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 June 10, 2026 at each separate price.

2. Represents volume-weighted average price of sales of 2,007 shares of Company stock on June 11, 2026 at prices ranging from $10.25 to $10.45 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 June 11, 2026 at each separate price.

Remarks:

	/s/ Neal Howard Strum	06/12/2026
	** 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)

Source: View Original Filing on SEC EDGAR