Modig Berndt 4
4 · Pharvaris N.V. · Filed Apr 10, 2026
Research Summary
AI-generated summary of this filing
Pharvaris (PHVS) CEO Berndt Modig Sells Shares
What Happened
Berndt Modig, CEO of Pharvaris N.V., sold a total of 23,333 shares of Pharvaris common stock in open-market transactions on April 9, 2026 (transaction code S). The sales consisted of 23,133 shares reported at a weighted average price of $27.74 for proceeds of $641,598, and 200 shares reported at $28.41 for proceeds of $5,683 — total proceeds approximately $647,281. The filing indicates these sales were made pursuant to a Rule 10b5-1 trading plan and include shares acquired upon vesting of restricted stock units.
Key Details
- Transaction date: 2026-04-09 (filed 2026-04-10) — filing appears timely.
- Reported sales:
- 23,133 shares at a weighted-average price $27.74 (proceeds $641,598). Footnote: actual sale prices ranged $27.31–$28.30.
- 200 shares at $28.41 (proceeds $5,683). Footnote: actual sale prices ranged $28.32–$28.51.
- Total shares sold: 23,333; total proceeds: ~$647,281.
- Shares included shares from vested restricted stock units. Sales were made under a Rule 10b5-1 plan (prearranged trading plan).
- Reporting entity note: Schoodif Management BV is an entity controlled by Mr. Modig (per footnote).
- Shares owned after transaction: not specified in the provided filing excerpt.
- Filing timeliness: not marked late; filed the day after the transaction.
Context
Sales under a Rule 10b5-1 plan are preplanned and are often routine liquidity events (the Form 4 discloses the plan and RSU origin but does not indicate motive). Code S indicates these were outright sales of shares rather than option exercises, awards, or gifts. For investors, purchases can be a stronger signal of insider confidence; this filing documents a sale and should be viewed as a disclosure of insider activity rather than a direct statement about company prospects.
Insider Transaction Report
- Sale
Common Stock
[F1]2026-04-09$27.74/sh−23,133$641,598→ 142,284 total - Sale
Common Stock
[F2]2026-04-09$28.41/sh−200$5,683→ 142,084 total
- 950,000(indirect: By Schoodif Management BV)
Common Stock
[F3]
Footnotes (3)
- [F1]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 shares reported herein include shares of common stock acquired upon vesting of restricted stock units on various dates. The sales prices for the transactions ranged from $27.31 to $28.30. 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.
- [F2]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 shares reported herein include shares of common stock acquired upon vesting of restricted stock units on various dates. The sales prices for the transactions ranged from $28.32 to $28.51. 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.
- [F3]Schoodif Management BV, an entity controlled by Mr. Modig.