Research Summary
AI-generated summary of this SEC filing
Pharvaris CMO Lu Peng Withholds 226 Shares for Taxes
What Happened
Lu Peng, Chief Medical Officer of Pharvaris N.V. (PHVS), had a total of 226 shares withheld by the company to satisfy tax withholding obligations upon the vesting of restricted stock units. The withholding occurred in two transactions: 109 shares at $35.07 each (≈ $3,823) on 2026-07-11, and 117 shares at $35.07 each (≈ $4,103) on 2026-07-12, for a combined value of about $7,926. These were dispositions by the issuer to cover taxes (transaction code F), not open-market sales by the insider.
Key Details
- Transaction dates and prices: 2026-07-11 — 109 shares @ $35.07; 2026-07-12 — 117 shares @ $35.07.
- Total shares withheld: 226; total value ≈ $7,926.
- Footnote: F1 — shares were withheld by the issuer to satisfy tax withholding obligations upon RSU vesting.
- Filing: Form 4 was filed on 2026-07-14 covering the 7/11–7/12 transactions; this filing timing is consistent with routine reporting (not flagged as late in the provided information).
- Shares owned after the transaction: not specified in the summary provided.
Context
This was a tax-withholding event tied to RSU vesting (a common, administrative disposition) rather than an independent sale signaling a view on the stock. Such issuer-withheld transactions are routine and typically not interpreted as a change in insider sentiment.