Emily Conley - 15 May 2024 Form 4 Insider Report for Nuvalent, Inc. (NUVL)

Role
Director
Signature
/s/ Nathan McConarty, attorney-in-fact
Issuer symbol
NUVL
Transactions as of
15 May 2024
Net transactions value
-$283,885
Form type
4
Filing time
17 May 2024, 16:41:46 UTC
Previous filing
17 Apr 2024
Next filing
14 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 $15,603 +1,667 +20838% $9.36 1,675 15 May 2024 Direct F1
transaction NUVL Class A Common Stock Options Exercise $45,962 +3,333 +199% $13.79 5,008 15 May 2024 Direct F1
transaction NUVL Class A Common Stock Sale $345,450 -5,000 -100% $69.09 8 15 May 2024 Direct F1, F2

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 -1,667 -100% $0.000000* 0 15 May 2024 Class A Common Stock 1,667 $9.36 Direct F1, F3
transaction NUVL Stock Option (Right to Buy) Options Exercise $0 -3,333 -8.3% $0.000000 36,667 15 May 2024 Class A Common Stock 3,333 $13.79 Direct F1, F4
* 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 13, 2023.
F2 The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $68.69 to $69.17, 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.
F3 This option was fully vested and exercisable.
F4 The shares underlying this option have vested or shall vest in equal monthly installments over the three years following February 2, 2022, subject to continued service to Nuvalent, Inc. through the applicable vesting date.