PHVS Pharvaris N.V.
Price Chart
Executive Summary
A cluster of 8 Pharvaris insiders, including the CEO, CFO, and CCO, sold a total of $1.73M in open-market sales over a 7-day window. While the dollar amount is modest relative to the $2.1B market cap (~0.08%), the breadth of C-suite participation and the absence of any open-market buying is notable. The sales follow option exercises and coincide with the stock trading near recent highs, suggesting routine portfolio diversification rather than a bearish signal.
Key Financial Metrics
Actionable Insight
The cluster is small relative to market cap and largely tied to option exercises, making it a routine diversification event rather than a bearish signal. Monitor for any material news (pipeline updates, regulatory filings) that could explain the timing, but no immediate trading action is warranted based on this cluster alone.
Key Facts
- 8 insiders sold a total of $1.73M in open-market sales over 7 days (May 14-21, 2026)
- CFO David Nassif sold $303K, CEO Berndt Modig sold $67K, CCO Wim Souverijns sold $299K
- Total sales represent ~0.08% of Pharvaris' $2.1B market cap — below the 0.1% materiality threshold
- Several sales were preceded by option exercises at $0 or $8.05 strike prices, indicating tax-motivated selling
- No open-market purchases were reported in the cluster window
- The stock has a 90% bullish analyst consensus and recent insider activity (30d) totaled $1.1M in sales
Financial Impact
Total insider sales of $1.73M, or ~0.08% of market cap
Risk Factors
- Insider sales could accelerate if the stock continues to rally, creating overhang
- Lack of insider buying at current levels may indicate management sees limited near-term upside
- Biotech sector volatility could amplify any negative read-through from insider activity
Market Snapshot
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-PHVS-1779832444919 |
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
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