PPHC director sells 1,720 common shares in market

Public Policy Holding Company, Inc. director Austin Keenan Nealean reported open-market sales of a total of 1,720 shares of common stock.

Rhea-AI Filing Summary

Public Policy Holding Company, Inc. director Austin Keenan Nealean reported open-market sales of a total of 1,720 shares of common stock. He sold 468 shares on June 10, 2026 at a volume-weighted average price of $10.19 and 1,252 shares on June 11, 2026 at $10.35. After these transactions, he directly holds 72,060 shares.

Insider Trade Summary

Net Seller: 1,720 shares

Net Sell 2 txns

Insider Austin Keenan Nealean

Role Director

Sold 1,720 shs ($18K)

Type	Security	Shares	Price	Value
Sale	Common Stock, $0.001 par value	1,252	$10.35	$13K
Sale	Common Stock, $0.001 par value	468	$10.19	$5K

Holdings After Transaction: Common Stock, $0.001 par value — 72,060 shares (Direct)

Footnotes (2)

1. F1. Represents volume-weighted average price of sales of 468 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. F2. Represents volume-weighted average price of sales of 1,252 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

Total shares sold: 1,720 shares Shares sold June 10, 2026: 468 shares VWAP June 10, 2026: $10.19 per share +3 more

6 metrics

Total shares sold 1,720 shares Open-market sales on June 10–11, 2026

Shares sold June 10, 2026 468 shares Open-market sale, non-derivative

VWAP June 10, 2026 $10.19 per share Volume-weighted average sale price

Shares sold June 11, 2026 1,252 shares Open-market sale, non-derivative

VWAP June 11, 2026 $10.35 per share Volume-weighted average sale price

Shares held after transactions 72,060 shares Direct ownership following June 11, 2026 sale

Key Terms

volume-weighted average price, open-market sale, non-derivative, direct ownership

4 terms

volume-weighted average price financial

"Represents volume-weighted average price of sales of 468 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.

non-derivative financial

""transaction_type": "non-derivative""

direct ownership financial

""ownership_type": "direct""

FAQ

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

What insider transaction did PPHC director Austin Keenan Nealean report?

Austin Keenan Nealean reported selling PPHC common stock in the open market. He executed two transactions on June 10 and June 11, 2026, disposing of a combined 1,720 shares while retaining a substantial remaining direct holding in the company.

How many Public Policy Holding Company (PPHC) shares were sold in this Form 4?

The Form 4 reports total sales of 1,720 PPHC common shares. Nealean sold 468 shares on June 10, 2026 and 1,252 shares on June 11, 2026, according to the non-derivative transaction table in the insider trading report.

At what prices did the PPHC director sell his shares?

The director’s reported sales used volume-weighted average prices. Shares sold on June 10, 2026 averaged $10.19, while shares sold on June 11, 2026 averaged $10.35, with actual trade prices on each day falling within disclosed intraday ranges.

How many PPHC shares does Austin Keenan Nealean hold after these sales?

Following the reported open-market sales, Nealean directly holds 72,060 shares of PPHC common stock. This figure reflects his remaining ownership after disposing of the 1,720 shares disclosed in the June 10 and June 11, 2026 transactions.

Were the reported PPHC share sales by the director direct or indirect holdings?

The Form 4 classifies the transactions as direct ownership. The non-derivative transaction entries list ownership type as direct, and there is no indication in the footnotes that the shares were held through a separate entity or trust.

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

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Accepted by SEC EDGAR 06/12/2026 - 05:13 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^*

Austin Keenan Nealean

(Last) (First) (Middle)

C/O PUBLIC POLICY HOLDING COMPANY, INC.

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)

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

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock, $0.001 par value	06/10/2026		S(1)		468	D	$10.19	73,312	D
Common Stock, $0.001 par value	06/11/2026		S(2)		1,252	D	$10.35	72,060	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 468 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 1,252 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/ Keenan Nealean Austin	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)