Pharvaris (PHVS) CEO Berndt Exercises Options, Sells 300,000 Shares

What Happened Berndt Modig, CEO of Pharvaris N.V., exercised derivative securities (transaction code M) and disposed of 300,000 shares on September 17, 2026. The exercise price reported was $35.00 per share, generating gross proceeds of $10,500,000. The filing reports the shares were disposed (sold) rather than retained.

Key Details

• Transaction date: 2026-09-17; Price per share: $35.00; Total value: $10,500,000.
• Transaction type: M = exercise/conversion of derivative; disposition (sale) of resulting shares.
• Filing date: 2026-09-21 (filed within the two-business-day window required for Form 4 filings).
• Shares owned after the transaction: not specified in the summary provided.
• Footnote: Schoodif Management BV is an entity controlled by Mr. Modig (per filing).

Context

• For option exercises, Form 4 commonly shows whether shares are sold immediately; this filing indicates the exercised shares were disposed (sold) upon exercise. Such dispositions are often routine (e.g., to cover exercise costs or diversify) but the filing does not state a motive.
• This is an insider disposition rather than a purchase; purchases are generally considered clearer bullish signals. The filing appears timely and compliant with SEC reporting deadlines.