$PVLA

$126.23 +$1.13 (0.9%) Close

$PVLA Overview Financial Statements SEC Filings Executives News Red Flags Capital Raising Ownership Insider Transactions Congressional Trades

Ownership

13F as of Q2 2026 · 14.4M shares outstanding

Who owns PVLA?

By type of holder

Institutions 97.7% Insiders 2.3% Everyone else 0.0%

Concentration Top 10 holders own 67.1%

Kaupinen Wes 11.4% · Montanova Capital, LLC 7.9%

Institutional ownership

97.7%

+5.7 pts vs last qtr

Institutional holders

195

+15 vs last qtr

Net shares bought

+813.7K

by institutions in Q2 2026

New / sold out

37 / 22

positions opened vs closed

How is ownership changing?

Institutions, last 8 quarters

Biggest buyers in Q2 2026

Jennison Associates LLC +320.0K
Price T Rowe Associates Inc /MD/ +236.3K

Biggest sellers in Q2 2026

BVF Inc/il −288.2K
First Light Asset Management, LLC −208.9K

Who is planning to sell?

Notices of proposed sale, last 12 months

$13.9M

15 notices from 3 people

Shares covered

107.0K

0.74% of the company

Arranged in advance

100%

of the value is under a 10b5-1 plan

Under a 10b5-1 plan No plan

Largest proposed sellers

Jenkins George M Director 10b5-1 $7.83M
Goin Kathleen Officer 10b5-1 $6.04M

Every notice on Red Flags →

A Form 144 is notice of a planned sale, not the sale itself. What insiders actually sold is on Insider Transactions.

Is your stake being diluted?

Diluted share count, FY2023–FY2025

+527.2%

+150.43% a year

Each share's claim on the business

−84.1%

shrank without buying or selling a share

Spent on buybacks vs paid in stock

— vs $7.83M

over 3 fiscal years

Diluted shares, split-adjusted

Buybacks Stock-based comp

How patient are the owners?

Institutional shares by how long they've been held

5+ years0% 3–5 years0% 1–3 years50% Under 1 year50%

Quarterly turnover

15.0%

of institutional shares changed hands

Top 10 managers, median time held

1.5 years

Super Investors

Investment managers reporting PVLA on Form 13F

Holder	Shares	% of company	Change vs last qtr	Held since	% of their book
MC Montanova Capital, LLC	1.1M	7.88%	−18.1K (−1.6%)	2024	3.2%
Shares held by quarter Peak holding1.2M (Q1'26) Change over 8 quarters+1.1M Share of the company7.880% Montanova Capital, LLC's full portfolio →
FL First Light Asset Management, LLC	771.9K	5.36%	−208.9K (−21.3%)	Q3 '25	7.2%
Shares held by quarter Peak holding980.8K (Q1'26) Change over 8 quarters+771.9K Share of the company5.360% First Light Asset Management, LLC's full portfolio →

Montanova Capital, LLC

1.1M

% of company

7.88%

Change vs last qtr

−18.1K (−1.6%)

Held since

2024

First Light Asset Management, LLC

771.9K

% of company

5.36%

Change vs last qtr

−208.9K (−21.3%)

Held since

Q3 '25

28 more super investors behind a free account

See every manager holding Palvella Therapeutics Inc, how their position has changed, and how long they've held it.

Institutional Funds

Mutual funds and ETFs reporting PVLA on Form N-PORT; together they hold 34.3% of the company

Fund	Position value	Shares	% of company	% of the fund	As of
SS State Street(R) SPDR(R) S&P(R) Biotech ETF SPDR Series Trust	$62.5M	408.7K	2.84%	0.58%	June 30, 2026
VT Vanguard Total Stock Market Index Fund Vanguard Index Funds	$59.4M	388.4K	2.70%	0.00%	June 30, 2026

State Street(R) SPDR(R) S&P(R) Biotech ETF

SPDR Series Trust

Position value

$62.5M

% of company

2.84%

% of the fund

0.58%

As of

June 30, 2026

Vanguard Total Stock Market Index Fund

Vanguard Index Funds

Position value

$59.4M

% of company

2.70%

% of the fund

0.00%

As of

June 30, 2026

23 more funds behind a free account

See every fund holding Palvella Therapeutics Inc and how much of the fund the position is.

Insiders and 5%+ holders

From Forms 3/4/5 and Schedules 13D/G

Holder	Shares	% of company	Change vs last qtr	8 quarters	Held since	% of their book
KW Kaupinen Wes 5%+ holder 13D · 14.6%	1.6M	11.42%	—	—	—	—
This holder reports through Schedule 13D/G, not a quarterly 13F. Share of the company11.420% Disclosed stake13D · 14.6% View the 13D/G filing →
DI Dellora Investments LP Insider	1.1M	7.83%	—	—	—	—
Insider holdings come from Form 3/4/5 filings, which are not quarterly. Share of the company7.830% Dellora Investments LP's insider activity →

Kaupinen Wes

5%+ holder13D · 14.6%

1.6M

% of company

11.42%

Change vs last qtr

—

Held since

—

Dellora Investments LP

Insider

1.1M

% of company

7.83%

Change vs last qtr

—

Held since

—

6 more holders behind a free account

See every insider and 5%+ holder of Palvella Therapeutics Inc.

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