CEO Grant Pickering sells 24,461 shares ($1.3M) via scheduled 10b5-1 plan; retains 135,215 shares post-transaction
Grant Pickering, CHIEF EXECUTIVE OFFICER, executed 4 separate sales totaling 24,461 shares (24.5K shares) for $1,284,204.75 ($1.3M) at a blended average price of $52.50 under a pre-arranged 10b5-1 trading plan adopted on 2026-03-03. This scheduled disposition reduced his direct holdings by -15.3% from 159,676 shares to 135,215 shares post-transaction. The sale occurs in an unprofitable company context—net income was $-320,622,000.00 ($-320.6M) over the most recent full fiscal year—and at a stock price -20.9% below the 52-week high of $65.00, though this scheduled trade is not itself subject to timing characterization. His prior open-market sales across all tickers show an average 90-day return of -22.7%, while same-ticker history at PCVX shows five prior sells with 90-day returns ranging from -13.5% to -22.4%, providing context for the broader pattern of sell activity by this insider.