FMR LLC & Abigail Johnson Trim Pharvaris Stake to 9.989%

TL;DR

**FMR LLC and Abigail Johnson still own nearly 10% of Pharvaris, but it's an amendment, so check for changes!**

AI Summary

FMR LLC, a major investment firm, and its Chair and CEO, Abigail P. Johnson, have updated their ownership stake in Pharvaris N.V. (formerly Pharvaris B.V.). As of February 9, 2024, they collectively beneficially own 5,192,984 shares of common stock, representing 9.989% of the company. This filing indicates a significant, but slightly reduced, passive investment by a major institutional holder, which could signal a shift in their long-term outlook for the stock.

Why It Matters

This filing shows that a major institutional investor, FMR LLC, and its leader, Abigail P. Johnson, still hold a substantial, but slightly smaller, portion of Pharvaris N.V., which can influence investor confidence and stock liquidity.

Risk Assessment

Risk Level: medium — While FMR LLC remains a significant holder, any reduction in their stake, even minor, could be interpreted negatively by the market, indicating a potential shift in their investment thesis.

Analyst Insight

Investors should monitor future 13G/A filings from FMR LLC to track any further changes in their ownership percentage, as significant reductions could signal a loss of confidence, while increases could be a bullish indicator.

Key Numbers

• 5,192,984 — Shares Beneficially Owned (Total common stock shares owned by FMR LLC and Abigail P. Johnson in Pharvaris N.V.)
• 9.989% — Percent of Class (Percentage of Pharvaris N.V. common stock beneficially owned by FMR LLC and Abigail P. Johnson)
• 20240209 — Filing Date (Date the SC 13G/A amendment was filed)

Key Players & Entities

• FMR LLC (company) — reporting person and parent holding company
• Abigail P. Johnson (person) — reporting person, associated with FMR LLC
• Pharvaris N.V. (company) — subject company, issuer of common stock
• Pharvaris, B.V. (company) — former name of the subject company
• 03 Life Sciences (company) — organization name associated with Pharvaris N.V.

Forward-Looking Statements

• FMR LLC will maintain a significant, but potentially fluctuating, passive investment in Pharvaris N.V. for the foreseeable future. (FMR LLC) — medium confidence, target: 2025-02-09

FAQ

From the Filing

0000315066-24-001283.txt : 20240209 0000315066-24-001283.hdr.sgml : 20240209 20240209092833 ACCESSION NUMBER: 0000315066-24-001283 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240209 DATE AS OF CHANGE: 20240209 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Pharvaris N.V. CENTRAL INDEX KEY: 0001830487 STANDARD INDUSTRIAL CLASSIFICATION: PHARMACEUTICAL PREPARATIONS [2834] ORGANIZATION NAME: 03 Life Sciences IRS NUMBER: 000000000 STATE OF INCORPORATION: P7 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-92181 FILM NUMBER: 24611908 BUSINESS ADDRESS: STREET 1: J.H. OORTWEG 21 STREET 2: 2333 CH LEIDEN CITY: LEIDEN STATE: P7 ZIP: 00000 BUSINESS PHONE: 31 (0)71 203 6410 MAIL ADDRESS: STREET 1: J.H. OORTWEG 21 STREET 2: 2333 CH LEIDEN CITY: LEIDEN STATE: P7 ZIP: 00000 FORMER COMPANY: FORMER CONFORMED NAME: Pharvaris, B.V. DATE OF NAME CHANGE: 20201029 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: FMR LLC CENTRAL INDEX KEY: 0000315066 STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000] ORGANIZATION NAME: IRS NUMBER: 043532603 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 245 SUMMER STREET CITY: BOSTON STATE: MA ZIP: 02210 BUSINESS PHONE: 6175706339 MAIL ADDRESS: STREET 1: 245 SUMMER STREET CITY: BOSTON STATE: MA ZIP: 02210 FORMER COMPANY: FORMER CONFORMED NAME: FMR CORP DATE OF NAME CHANGE: 19920717 SC 13G/A 1 filing.txt SCHEDULE 13G Amendment No.2 PHARVARIS BV COMMON STOCK Cusip #N69605108 Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [x] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) Cusip #N69605108 Item 1: Reporting Person - FMR LLC Item 2: (a) [ ] (b) [ ] Item 4: Delaware Item 5: 5,192,894 Item 6: 0 Item 7: 5,192,984 Item 8: 0 Item 9: 5,192,984 Item 11: 9.989% Item 12: HC Cusip #N69605108 Item 1: Reporting Person - Abigail P. Johnson Item 2: (a) [ ] (b) [ ] Item 4: United States of America Item 5: 0 Item 6: 0 Item 7: 5,192,984 Item 8: 0 Item 9: 5,192,984 Item 11: 9.989% Item 12: IN Item 1(a). Name of Issuer: PHARVARIS BV Item 1(b). Address of Issuer's Principal Executive Offices: J.H. OORTWEG 21, 2333 CH LEIDEN LEIDEN, 00000 NETHERLANDS Item 2(a). Name of Person Filing: FMR LLC Item 2(b). Address or Principal Business Office or, if None, Residence: 245 Summer Street, Boston, Massachusetts 02210 Item 2(c). Citizenship: Not applicable Item 2(d). Title of Class of Securities: COMMON STOCK Item 2(e). CUSIP Number: N69605108 Item 3. This statement is filed pursuant to Rule 13d-1(b) or 13d-2(b) or (c) and the person filing, FMR LLC, is a parent holding company in accordance with Section 240.13d-1(b)(1)(ii)(G). (Note: See Exhibit A). Item 4. Ownership (a) Amount Beneficially Owned: 5,192,984 (b) Percent of Class: 9.989% (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote: Please see the responses to Items 5 and 6 on the cover page (ii) shared power to vote or to direct the vote: 0 (iii) sole power to dispose or to direct the disposition of: 5,192,984 (iv) shared power to dispose or to direct the disposition of: 0 Item 5. Ownership of Five Percent or Less of a Class. Not applicable. Item 6. Ownership of More than Five Percent on Behalf of Another Person. One or more other persons are known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the COMMON STOCK of PHARVARIS BV. No one other person's interest in the COMMON STOCK of PHARVARIS BV is more than five percent of the total outstanding COMMON STOCK. Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company. See attached Exhibit A. Item 8. Identification and Classification of Members of the Group. Not applicable. Item 9. Notice of Dissolution of Group. Not applicable. Item 10. Certification