PHVS Pharvaris N.V.
Price Chart
Executive Summary
Form 144: Director Elisabeth Bjork intends to sell 10,000 PHVS shares (~$293K) via a cashless stock option exercise. The sale is modest relative to the company's $2.0B market cap (0.015% dilution). While the insider is a director, the amount is small and routine — this is a low-significance notification of a planned sale, not a distressed liquidation.
Actionable Insight
This is a low-concern Form 144. Director Bjork appears to be executing a cashless exercise/sale — likely to cover option exercise costs and tax obligations. No earnings catalyst or lock-up expiry coincides. The sale volume is immaterial (~0.5% of average daily volume estimate) and should not be read as a bearish signal. Monitor for Form 4 filings to confirm whether the sale actually executed.
Key Facts
- Insider Elisabeth Bjork (Director) proposes to sell 10,000 PHVS shares
- Estimated aggregate market value: $293,166 based on ~$29.32/share implied
- Shares acquired via stock option exercise (cashless) on 5/20/2026
- Sale is being conducted through Morgan Stanley Smith Barney
- The proposed sale represents ~0.015% of the $2.0B market cap
Financial Impact
~$293K in insider selling, negligible relative to $2.0B market cap
Risk Factors
- Form 144 is an intent notification, not a completed sale — the trade may not execute
- Director selling at current levels may signal limited near-term upside conviction
- Recent prior PHVS reports had negative T+5 drift, though this filing is too small to drive it
Market Snapshot
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 144 Filing (Primary) | 0001950047-26-004861 |
| Document: 0001950047-26-004861-index.html | 0001950047-26-004861 |
| Document: 0001950047-26-004861.txt | 0001950047-26-004861 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
|
May 29, 2026
11d ago
|
Press Release
| $30.16 $31.09 | ▲ +3.08% | ▲ +5.61% | $31.59 (+4.74%) |
|
May 26, 2026
14d ago
|
Insider Cluster
| $29.47 $30.14 | ▲ +2.27% | ▲ +1.80% | $31.59 (+7.19%) |
|
May 26, 2026
14d ago
|
Insider Cluster
| $29.47 $30.14 | ▼ −2.27% | ▼ −1.80% | $31.59 (−7.19%) |
|
May 22, 2026
18d ago
|
Insider Cluster
| $29.68 $29.10 | ▼ −1.95% | ▼ −3.63% | $31.59 (+6.44%) |
|
May 21, 2026
19d ago
|
144
| $29.68 $29.10 | ▼ −1.95% | ▼ −3.61% | $31.59 (+6.44%) |
|
May 20, 2026
20d ago
|
Insider Cluster
| $30.54 $30.16 | ▼ −1.24% | ▼ −3.09% | $31.59 (+3.44%) |
|
May 20, 2026
20d ago
|
144
| $30.54 $30.16 | ▼ −1.24% | ▼ −3.09% | $31.59 (+3.44%) |
|
May 19, 2026
21d ago
|
Insider Cluster
| $29.45 $29.86 | ▲ +1.39% | ▼ −0.41% | $31.59 (+7.27%) |
|
May 12, 2026
28d ago
|
Press Release
| $32.94 $28.95 | ▼ −12.11% | ▼ −10.95% | $31.59 (−4.10%) |
|
May 11, 2026
29d ago
|
6-K
| $31.25 $28.81 | ▼ −7.81% | ▼ −7.89% | $31.59 (+1.09%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Try SecBot Free Coming soon: SecBot Pro with alerts, watchlists, and API access