Deborah Ann Miller - 02 May 2024 Form 4 Insider Report for Nuvalent, Inc. (NUVL)

Role
Chief Legal Officer
Signature
/s/ Nathan McConarty, attorney-in-fact
Issuer symbol
NUVL
Transactions as of
02 May 2024
Net transactions value
-$195,533
Form type
4
Filing time
03 May 2024, 16:47:39 UTC
Previous filing
05 Apr 2024
Next filing
07 Jun 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NUVL Class A Common Stock Options Exercise $20,670 +3,000 +9% $6.89* 36,300 02 May 2024 Direct F1
transaction NUVL Class A Common Stock Sale $112,047 -1,566 -4.3% $71.55 34,734 02 May 2024 Direct F1, F2
transaction NUVL Class A Common Stock Sale $94,064 -1,296 -3.7% $72.58 33,438 02 May 2024 Direct F1, F3
transaction NUVL Class A Common Stock Sale $10,092 -138 -0.41% $73.13 33,300 02 May 2024 Direct F1, F4

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 NUVL Stock Option (Right to Buy) Options Exercise $0 -3,000 -1.6% $0.000000 185,608 02 May 2024 Class A Common Stock 3,000 $6.89 Direct F1, F5
* 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 These transactions were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on December 27, 2023.
F2 The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $71.02 to $72.01, 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 $72.02 to $72.97, inclusive.
F4 The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $73.03 to $73.28, inclusive.
F5 The shares underlying this option vest as follows: 25% of the shares vested on April 15, 2022, and the remainder have vested or shall vest over the next three years thereafter in equal monthly installments, subject to continued service to Nuvalent, Inc. through the applicable vesting date.