PHVS Pharvaris N.V.
Price Chart
Executive Summary
Four insiders at Pharvaris, including the CEO and Chief Commercial Officer, sold shares totaling $786K in open-market transactions over a 7-day window, closely following a $108M public offering completed on May 8. The cluster is predominantly selling, but the dollar amount is modest relative to the $2.0B market cap (~0.04%), and the asymmetric insider-selling literature indicates cluster sells are not reliably informative beyond the proportionality band. The cross-filing context with a recent offering is a known calibrative amplifier for this pattern, but the trivial proportionality keeps the signal low.
Key Financial Metrics
Actionable Insight
Insider cluster sells after a $108M offering are routine and likely liquidity-driven (vesting/blackout window). The minimal dollar proportion (0.04% of market cap) does not support a bearish read-through. Monitor for any pipeline news or upcoming clinical data that may have motivated the sales, but for now treat this as noise.
Key Facts
- Total insider sales: $786K across 4 insiders (CEO, CCO, CTO, Director)
- Sales occurred between May 15 and May 18, 2026, at ~$29.20–$29.92 per share
- CEO Berndt Modig sold 2,292 shares for $67K on May 18
- The cluster follows a $108M public offering (424B5) that closed May 8, 2026
- Sales represent ~0.04% of Pharvaris's $2.0B market cap
- Both principal deliveries (non-cash derivative exercises) accompanied the Director's sale; aggregate net cash to insiders is $786K
Financial Impact
$786K in insider sales over 7 days; 0.04% of $2.0B market cap
Risk Factors
- CEO selling even a small amount near $29 could indicate peak personal valuation if no later open-market purchases materialize
- If subsequent insider filings show additional material sales by the CEO or CFO without buys, the signal would modestly intensify
Market Snapshot
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-PHVS-1779312846156 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
|
May 29, 2026
15d ago
|
Press Release
| $30.16 $31.09 | ▲ +3.08% | ▲ +5.61% | $30.72 (+1.86%) |
|
May 26, 2026
17d ago
|
Insider Cluster
| $29.47 $30.14 | ▲ +2.27% | ▲ +1.80% | $30.72 (+4.24%) |
|
May 26, 2026
17d ago
|
Insider Cluster
| $29.47 $30.14 | ▼ −2.27% | ▼ −1.80% | $30.72 (−4.24%) |
|
May 22, 2026
21d ago
|
Insider Cluster
| $29.68 $29.10 | ▼ −1.95% | ▼ −3.63% | $30.72 (+3.50%) |
|
May 21, 2026
22d ago
|
144
| $29.68 $29.10 | ▼ −1.95% | ▼ −3.61% | $30.72 (+3.50%) |
|
May 20, 2026
23d ago
|
Insider Cluster
| $30.54 $30.16 | ▼ −1.24% | ▼ −3.09% | $30.72 (+0.59%) |
|
May 20, 2026
23d ago
|
144
| $30.54 $30.16 | ▼ −1.24% | ▼ −3.09% | $30.72 (+0.59%) |
|
May 19, 2026
24d ago
|
Insider Cluster
| $29.45 $29.86 | ▲ +1.39% | ▼ −0.41% | $30.72 (+4.31%) |
|
May 12, 2026
4w ago
|
Press Release
| $32.94 $28.95 | ▼ −12.11% | ▼ −10.95% | $30.72 (−6.74%) |
|
May 11, 2026
4w ago
|
6-K
| $31.25 $28.81 | ▼ −7.81% | ▼ −7.89% | $30.72 (−1.70%) |
US Market Status
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