Darlene Noci - Oct 28, 2022 Form 4 Insider Report for Nuvalent, Inc. (NUVL)

Role: Chief Development Officer
Signature: /s/ Deborah A. Miller, attorney-in-fact
Stock symbol: NUVL
Transactions as of: Oct 28, 2022
Transactions value $: -$39,170
Form type: 4
Date filed: 11/1/2022, 05:24 PM
Previous filing: Oct 14, 2022
Next filing: Nov 17, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	NUVL	Class A Common Stock	Options Exercise	$1.08K	+1K		$1.08^*	1K	Oct 28, 2022	Direct	F1
transaction	NUVL	Class A Common Stock	Sale	-$40.3K	-1K	-100%	$40.25	0	Oct 28, 2022	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	-1K	-0.75%	$0.00	132K	Oct 28, 2022	Class A Common Stock	1K	$1.08	Direct	F1, F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	These transactions were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on October 22, 2021.
F2	The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $40.00 to $40.43, 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	The shares underlying this option vest as follows: 25% of the shares vested on January 11, 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.