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.
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
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
Investment Themes
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 | ||||
|---|---|---|---|---|---|
Sep 15, 2026 17d ago | Insider Cluster | $38.06 $36.37 | ▲ +4.44% | ▲ +5.26% | $31.07 (+18.38%) |
Sep 14, 2026 17d ago | 144 | $38.06 $35.20 | ▼ −7.51% | ▼ −9.63% | $31.07 (−18.38%) |
Sep 14, 2026 18d ago | Insider Cluster | $38.86 $36.02 | ▼ −7.31% | ▼ −7.41% | $31.07 (−20.06%) |
Sep 11, 2026 21d ago | Insider Cluster | $38.02 $36.37 | ▼ −4.34% | ▼ −4.12% | $31.07 (−18.29%) |
Sep 8, 2026 24d ago | 6-K | $37.84 $38.86 | ▲ +2.70% | ▲ +3.36% | $31.07 (−17.90%) |
Aug 12, 2026 7w ago | 6-K | $36.46 $36.27 | ▼ −0.52% | ▼ −0.08% | $31.07 (−14.80%) |
Aug 12, 2026 7w ago | Press Release | $36.46 $36.27 | ▼ −0.52% | ▼ −0.08% | $31.07 (−14.80%) |
Aug 6, 2026 8w ago | Press Release | $34.45 $34.04 | ▼ −1.19% | ▼ −2.40% | $31.07 (−9.83%) |
Jul 6, 2026 12w ago | Press Release | $33.22 $35.07 | ▲ +5.57% | ▲ +5.08% | $31.07 (−6.49%) |
Jul 1, 2026 13w ago | Insider Cluster | $33.86 $35.96 | ▲ +6.20% | ▲ +5.27% | $31.07 (−8.25%) |
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