Kathleen Goin - 21 Jan 2026 Form 4 Insider Report for PALVELLA THERAPEUTICS, INC. (PVLA)

Role
Chief Operating Officer
Signature
/s/ Kathleen A. McGowan, Attorney-in-Fact
Issuer symbol
PVLA
Transactions as of
21 Jan 2026
Net transactions value
-$385,100
Form type
4
Filing time
23 Jan 2026, 16:05:21 UTC
Previous filing
19 Dec 2025
Next filing
09 Feb 2026
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Goin Kathleen Chief Operating Officer C/O PALVELLA THERAPEUTICS, INC., 353 W. LANCASTER AVENUE, SUITE 200, WAYNE /s/ Kathleen A. McGowan, Attorney-in-Fact 23 Jan 2026 0001912570

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PVLA Common Stock Options Exercise $15,380 +2,154 $7.14 2,154 21 Jan 2026 Direct F1
transaction PVLA Common Stock Options Exercise $19,504 +2,148 +100% $9.08 4,302 21 Jan 2026 Direct F1
transaction PVLA Common Stock Sale $52,806 -553 -13% $95.49 3,749 21 Jan 2026 Direct F1
transaction PVLA Common Stock Sale $367,177 -3,749 -100% $97.94 0 21 Jan 2026 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction PVLA Stock Option (Right to Buy) Options Exercise $0 -2,154 -10% $0.000000 19,397 21 Jan 2026 Common Stock 2,154 $7.14 Direct F1, F2
transaction PVLA Stock Option (Right to Buy) Options Exercise $0 -2,148 -10% $0.000000 19,332 21 Jan 2026 Common Stock 2,148 $9.08 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 The transactions reported by the Reporting Person were effected pursuant to a Rule 10b5-1 trading plan adopted on August 19, 2025. The plan was adopted during an open trading window, at a time when the Reporting Person was not in possession of material non-public information and was reviewed and approved in accordance with the Issuer's Insider Trading Policy. The Issuer's officers and directors from time to time utilize trading plans to transact in its securities for reasons such as satisfying vesting-related income tax requirements, investment diversification, or other personal reasons.
F2 The stock option is fully vested.