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Pharvaris N.V.·4

May 26, 5:45 PM ET

Nijdam Anna 4

Research Summary

AI-generated summary

Updated

Pharvaris (PHVS) Anna Nijdam, Principal Accounting Officer, Exercises Options & Sells Shares

What Happened

  • Anna Nijdam, Principal Accounting Officer at Pharvaris (PHVS), exercised stock options and immediately sold the resulting shares in cashless transactions. On 2026-05-21 she exercised 1,829 options at $20.00 (cost $36,580) and sold those 1,829 shares at a weighted average of $30.60 for $55,971. On 2026-05-22 she exercised 5,501 options at $20.00 (cost $110,020) and sold those 5,501 shares at a weighted average of $30.74 for $169,084. Total shares sold = 7,330; total gross proceeds reported ≈ $225,055; total exercise cost = $146,600 (7,330 shares × $20).

Key Details

  • Transaction dates and prices:
    • 2026-05-21: exercised 1,829 shares @ $20.00; sold 1,829 shares @ weighted avg $30.60 (sales ranged $30.60–$30.61 per F2).
    • 2026-05-22: exercised 5,501 shares @ $20.00; sold 5,501 shares @ weighted avg $30.74 (sales ranged $30.60–$31.00 per F3).
  • Shares sold: 7,330 total; gross sale proceeds ≈ $225,055; exercise outlay ≈ $146,600.
  • Beneficial ownership: filing corrects a previous RSU tax-withholding error — total beneficial ownership as of April 11, 2026 should have been 48,945 shares (vs. 48,940 reported earlier) per footnote F1. The exercised shares were sold in the same transactions, so reported beneficial ownership remained effectively unchanged in the filing.
  • Vesting note: the option plan vests 25% on Feb 5, 2022 with the remainder vesting monthly over 36 months (footnote F4).
  • Sales were cashless exercises (footnotes F2 & F3); weighted average prices reported reflect multiple trades. The filer offers to provide per-trade price breakdown on request.

Context

  • This was an option exercise combined with immediate sale (cashless exercise). That typically reflects exercising vested options while selling shares to cover the exercise price and tax withholding; it is routine and does not necessarily signal a change in insider sentiment.
  • Derivative "disposed" entries at $0 reflect the conversion/exercise of options into shares (i.e., the derivative was converted), not a separate market sale.