Pharvaris (PHVS) President Lu Peng Exercises Options

What Happened
Lu Peng, President of Pharvaris N.V. (PHVS), exercised stock options on September 22, 2026. The filing shows an acquisition of 45,308 shares at an exercise price of $2.59 per share for a total cash outlay of $117,348. The report also lists a simultaneous zero-dollar disposition of 45,308 derivative units related to the exercise.

Key Details

• Transaction date: 2026-09-22 (reported on Form 4 filed 2026-09-24; filing appears timely)
• Primary action: Option exercise (transaction code M)
• Acquired: 45,308 shares @ $2.59 = $117,348
• Disposed: 45,308 derivative units @ $0.00 (reported as a derivative disposition)
• Shares owned after transaction: Not included in the provided excerpt of the filing
• Footnote: F1 — 25% of the option vested on Feb 3, 2021; remaining shares vest in 1/48 monthly installments thereafter

Context
This was an option exercise (not an open-market purchase or sale). The simultaneous zero-dollar disposition reported alongside the exercise often reflects net-share settlement or withholding related to the exercise, but the Form 4 excerpt does not state the specific reason. Exercises are routine insider actions to convert vested options into common shares and do not, by themselves, indicate a buy or sell opinion.