Modig Berndt 4
4 · Pharvaris N.V. · Filed Jun 17, 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. (PHVS), sold a total of 2,291 shares in open-market transactions on June 15, 2026, for aggregate proceeds of approximately $71,173. The reported disposals were: 2,191 shares at $31.05 ($68,027) and 100 shares at $31.46 ($3,146). These sales were made pursuant to a prearranged Rule 10b5-1 trading plan and include shares that were previously acquired upon vesting of restricted stock units.
Key Details
- Transaction date: June 15, 2026; Form 4 filed June 17, 2026 (timely under the 2-business-day rule).
- Reported sales: 2,191 shares @ $31.05 ($68,027) and 100 shares @ $31.46 ($3,146); total ~ $71,173.
- Footnotes: Sales were scheduled under a 10b5‑1 plan; reported shares include RSU-vested shares (F1). A weighted-average disclosure and price range ($30.43–$31.41) is cited for multi-price sales and the filer will provide a per-price breakdown on request (F2). Schoodic Management BV is an entity controlled by Mr. Modig (F3).
- Shares owned after the transaction: not specified in this filing.
Context
These were sales (not purchases), conducted under a Rule 10b5‑1 plan—which is a preset trading arrangement that insiders often use to systematically sell shares and helps demonstrate trades were preplanned rather than based on inside information. The filing is informational and does not by itself indicate the CEO’s view on Pharvaris’ prospects.
Insider Transaction Report
- Sale
Common Stock
[F1][F2]2026-06-15$31.05/sh−2,191$68,027→ 135,309 total - Sale
Common Stock
[F1]2026-06-15$31.46/sh−100$3,146→ 135,209 total
- 950,000(indirect: By Schoodic Management BV)
Common Stock
[F3]
Footnotes (3)
- [F1]This is a scheduled sale from 10b5-1 trading plan. The shares reported herein include shares of common stock acquired upon vesting of restricted stock units on various dates.
- [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 $30.43 to $31.41. 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]Schoodic Management BV, an entity controlled by Mr. Modig