| Type | Sym | Class | Transaction | Value $ | Shares | Change % | Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | NUVL | Class A Common Stock | -Sell | -$1,302,447 | -19,909 | -1.36% | $65.42 | 1,442,289 | May 13, 2024 | Direct | F1, F2 |
| transaction | NUVL | Class A Common Stock | -Sell | -$868,089 | -13,129 | -0.91% | $66.12 | 1,429,160 | May 13, 2024 | Direct | F1, F3 |
| transaction | NUVL | Class A Common Stock | -Sell | -$298,329 | -4,462 | -0.31% | $66.86 | 1,424,698 | May 13, 2024 | Direct | F1, F4 |
| holding | NUVL | Class A Common Stock | 236,522 | May 13, 2024 | See Footnote | F5 |
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).
| Id | Content |
|---|---|
| F1 | These transactions were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on December 21, 2023. |
| F2 | The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $64.72 to $65.71, inclusive. The reporting person undertakes to provide to the staff of the Securities and Exchange Commission, Nuvalent, Inc. or any security holder of Nuvalent, Inc., upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes (2) through (4) of this Form 4. |
| F3 | The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $65.72 to $66.70, inclusive. |
| F4 | The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $66.72 to $67.10, inclusive. |
| F5 | These shares are held by Matthew D. Shair 2021 Irrevocable Family Trust. The reporting person has voting and dispositive power over the shares beneficially owned by Matthew D. Shair 2021 Irrevocable Family Trust. |