Monges Viviane 4
Research Summary
AI-generated summary
Pharvaris (PHVS) Director Viviane Monges Sells 9,667 Shares
What Happened
Viviane Monges, a director of Pharvaris N.V. (PHVS), sold 9,667 shares on May 21, 2026. The shares were disposed at a weighted-average price of $30.29 per share for total proceeds of approximately $292,853. This was a sale of shares (not a purchase or option exercise) and the shares sold were acquired upon vesting of restricted stock units (RSUs).
Key Details
- Transaction date: May 21, 2026. Form 4 filed May 26, 2026 (appears to be filed after the typical 2-business-day reporting window).
- Shares sold: 9,667; reported weighted-average sale price $30.29; reported price range $30.08 to $30.49 per share.
- Proceeds: ~$292,853 (9,667 × $30.29).
- Source of shares: shares were acquired on various dates upon vesting of RSUs (per footnote).
- Ownership correction: the filing notes that a prior Form 3 (filed Mar 18, 2026) understated beneficial ownership by 513 shares due to administrative errors; this Form 4 reflects the corrected amount.
- Additional disclosure: the reporting person states they can provide a breakdown of the number of shares sold at each separate price upon request (per footnote).
Context
The sale involved vested RSU shares rather than newly issued stock or an option exercise. Sales of vested equity awards are often routine (e.g., to cover tax withholding or rebalance), but the filing itself does not state the seller’s motivation. The later filing date relative to the trade (May 26 filing for a May 21 trade) may constitute late reporting under the standard 2-business-day Form 4 rule.