Nassif David W. 4
4 · Pharvaris N.V. · Filed May 26, 2026
Research Summary
AI-generated summary of this filing
Pharvaris (PHVS) CFO David W. Nassif Sells 10,000 Shares
What Happened
David W. Nassif, CFO and CLO of Pharvaris N.V., sold 10,000 shares in an open-market/private sale on May 21, 2026. The shares were sold for a weighted average price of $30.31 per share (range $30.08–$30.55), generating proceeds of approximately $303,076. The shares sold were acquired upon vesting of restricted stock units.
Key Details
- Transaction type: Sale (S) of 10,000 shares on 2026-05-21
- Reported weighted average sale price: $30.31; individual trades ranged $30.08–$30.55 (per filing footnote)
- Proceeds: ~$303,076
- Shares sold were from RSU vesting (per footnote)
- Filing date: 2026-05-26. This filing appears timely given the transaction date and the intervening holiday/weekend.
- Corrective footnote: The filer corrected a prior Form 3 understatement — previously reported beneficial ownership was understated by 6,375 shares due to an administrative error related to shares withheld for taxes; this Form 4 reflects that correction. See the Form 4 for the corrected total beneficial ownership amount and breakdown of shares sold at each price (reporting person will provide details on request).
Context
Sales of shares that originated from vested RSUs are commonly routine (tax or diversification actions) rather than clear signals about company prospects. This transaction was a sale of previously issued RSU shares rather than an option exercise or a new grant. Retail investors should note the correction to prior beneficial ownership reporting and may consult the full Form 4 for exact post-transaction ownership figures.
Insider Transaction Report
- Sale
Common Stock
[F1][F2]2026-05-21$30.31/sh−10,000$303,076→ 120,300 total
Footnotes (2)
- [F1]The reported price represents a weighted average sale price for shares sold in multiple transactions at prices ranging from $30.08 to $30.55 per share. The shares sold were acquired upon vesting of restricted stock units on various dates. 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 total number of shares beneficially owned previously reported in the Form 3 filed on March 18, 2026 was understated by 6,375 shares due to an administrative error in the number of shares reported as withheld for tax obligations in connection with an RSU vesting transaction. This filing reflects the corrected beneficial ownership amount.