Pharvaris (PHVS) CEO Berndt Modig Sells 2,292 Shares

What Happened
Berndt Modig, CEO of Pharvaris N.V., reported a sale of 2,292 shares on August 14, 2026. The shares were disposed at $34.77 each for total proceeds of $79,686. The filing indicates the shares were acquired upon vesting of restricted stock units (RSUs) and sold pursuant to a Rule 10b5-1 trading plan.

Key Details

• Transaction date: 2026-08-14; Price: $34.77 per share; Total value: $79,686.
• Transaction type: Sale (S). Reported as open market or private sale; footnote specifies it was pursuant to a Rule 10b5-1 plan.
• Footnote F1: Shares were acquired upon RSU vesting and sold under a 10b5-1 plan.
• Footnote F2: Schoodic Management BV is an entity controlled by Mr. Modig (noted in the filing).
• Filing date: 2026-08-18 — filed within the Form 4 two-business-day reporting window based on the Aug 14 transaction.
• Shares owned after the transaction: Not specified in the summary provided.

Context
The shares sold were the result of RSU vesting (an award becoming actual shares) and were disposed under a prearranged Rule 10b5-1 plan, which typically permits scheduled sales while reducing insider-timing concerns. This was a sale (not a purchase); such transactions often reflect routine liquidity or tax-management activity rather than a direct signal of company outlook.