Monitor next 10-Q for any negative guidance revision or unexpected clinical trial results or regulatory delays, as the insider selling cluster is unusually large and concentrated among senior leadership.
Price Chart
Executive Summary
A significant insider selling cluster at Pharvaris N.V. (PHVS) totaling $7.46M in open-market sales over a one-week period, led by President Lu Peng ($3.50M) and Director Elisabeth Bjork ($1.99M). The selling involves multiple C-suite and board members, with no corresponding open-market purchases, signaling a strong bearish signal despite the company's recent positive clinical data.
Key Financial Metrics
Key Facts
- Total insider selling of $7.46M in open-market sales over 7 days, representing approximately 2.3% of market cap ($326M).
- President Lu Peng sold 100,000 shares for $3.50M on 2026-09-17.
- CFO/CLO David Nassif sold 6,000 shares for $219K on 2026-09-21.
- Director Elisabeth Bjork sold 52,500 shares for $1.99M on 2026-09-17.
- No open-market purchases by any insider during the window.
- Director Schikan sold 800 shares for $29K on 2026-09-22, following derivative exercises.
- CFO/CLO Nassif also made a gift of 500 shares (non-cash) on 2026-09-21.
Financial Impact
Total insider selling of $7.46M, approximately 2.3% of market cap, with no insider buying to offset.
Risk Factors
- Insider selling of $7.46M in open-market sales by multiple insiders including President and CFO/CLO.
- No insider buying to signal confidence.
- Selling is not routine pattern (no 10b5-1 plan indicated for most trades).
- Potential negative catalyst ahead (e.g., trial data, regulatory decision, or financing need).
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-PHVS-1790357803136 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 25, 2026 4w ago | Insider Cluster | $32.02 $31.19 | ▲ +2.59% | ▲ +2.37% | $31.95 (+0.22%) |
Sep 24, 2026 4w ago | Insider Cluster | $32.99 $31.01 | ▲ +6.00% | ▲ +5.59% | $31.95 (+3.15%) |
Sep 24, 2026 4w ago | Insider Cluster | $32.99 $31.01 | ▲ +6.00% | ▲ +5.59% | $31.95 (+3.15%) |
Sep 23, 2026 4w ago | Insider Cluster | $33.07 $31.72 | ▲ +4.08% | ▲ +3.41% | $31.95 (+3.39%) |
Sep 21, 2026 5w ago | Insider Cluster | $36.02 $31.91 | ▲ +11.41% | ▲ +10.39% | $31.95 (+11.30%) |
Sep 17, 2026 5w ago | 144 | $36.37 $32.02 | ▲ +11.96% | ▲ +13.23% | $31.95 (+12.15%) |
Sep 17, 2026 5w ago | Insider Cluster | $38.00 $32.99 | ▲ +13.18% | ▲ +13.78% | $31.95 (+15.92%) |
Sep 17, 2026 5w ago | Insider Cluster | $38.00 $32.99 | ▲ +13.18% | ▲ +13.78% | $31.95 (+15.92%) |
Sep 16, 2026 5w ago | Insider Cluster | $37.55 $33.07 | ▲ +11.93% | ▲ +13.76% | $31.95 (+14.91%) |
Sep 15, 2026 6w ago | Insider Cluster | $38.06 $36.37 | ▲ +4.44% | ▲ +5.26% | $31.95 (+16.05%) |
US Market Status
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