PALVELLA THERAPEUTICS, INC.·4

Mar 2, 8:00 AM ET

HERON ELAINE J 4

4 · PALVELLA THERAPEUTICS, INC. · Filed Mar 2, 2026

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Palvella (PVLA) Director Heron Elaine J Buys 2,400 Shares

What Happened Heron Elaine J, a director of Palvella Therapeutics, purchased 2,400 shares of Palvella common stock at $125.00 per share on February 27, 2026, for a total of $300,000. This was a purchase (insider buy), reported on a Form 4 filed March 2, 2026.

Key Details

  • Transaction date and price: 2026-02-27 — 2,400 shares at $125.00 per share.
  • Total value: $300,000.
  • Transaction type: P (purchase) — shares acquired in an underwritten offering (see footnote).
  • Footnote: F1 — represents shares purchased in the company’s underwritten offering, which closed on February 27, 2026.
  • Filing: Form 4 filed 2026-03-02; filing appears timely (within the required two-business-day window).
  • Shares owned after transaction: Not specified in the provided filing.

Context This purchase was part of an underwritten offering (an allocation at the offering price), not a spontaneous open-market buy. Insider purchases can signal confidence but do not by themselves prove future performance; allocations in offerings can reflect negotiated participation. No options exercises, gifts, or tax-withholding events are reported for this transaction.

Insider Transaction Report

Form 4
Period: 2026-02-27
Transactions
  • Purchase

    Common Stock

    [F1]
    2026-02-27$125.00/sh+2,400$300,00047,812 total
Holdings
  • Common Stock

    (indirect: By Trust)
    5,879
Footnotes (1)
  • [F1]Represents shares of common stock purchased in the underwritten offering of Palvella Therapeutics, Inc. at the offering price, which closed on February 27, 2026.
Signature
/s/ Kathleen A. McGowan, Attorney-in-Fact|2026-03-02

Documents

1 file
  • 4
    tm267613-1_4seq1.xmlPrimary

    OWNERSHIP DOCUMENT