Darlene Noci - 18 Dec 2023 Form 4 Insider Report for Nuvalent, Inc. (NUVL)

Role: Chief Development Officer
Signature: /s/ Deborah A. Miller, attorney-in-fact
Issuer symbol: NUVL
Transactions as of: 18 Dec 2023
Net transactions value: -$2,844,661
Form type: 4
Filing time: 20 Dec 2023, 16:56:35 UTC
Previous filing: 03 Nov 2023
Next filing: 09 Jan 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	$24,409	+22,601		$1.08^*	22,601	18 Dec 2023	Direct
transaction	NUVL	Class A Common Stock	Options Exercise	$79,648	+11,560	+51%	$6.89^*	34,161	18 Dec 2023	Direct
transaction	NUVL	Class A Common Stock	Options Exercise	$84,082	+5,839	+17%	$14.40	40,000	18 Dec 2023	Direct
transaction	NUVL	Class A Common Stock	Sale	$3,032,800	-40,000	-100%	$75.82	0	18 Dec 2023	Direct	F1

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	-22,601	-33%	$0.000000	46,201	18 Dec 2023	Class A Common Stock	22,601	$1.08	Direct	F2
transaction	NUVL	Stock Option (Right to Buy)	Options Exercise	$0	-11,560	-44%	$0.000000	14,791	18 Dec 2023	Class A Common Stock	11,560	$6.89	Direct	F3
transaction	NUVL	Stock Option (Right to Buy)	Options Exercise	$0	-5,839	-12%	$0.000000	44,161	18 Dec 2023	Class A Common Stock	5,839	$14.40	Direct	F4

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

Explanation of Responses:

Id	Content
F1	The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $75.40 to $76.36, 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.
F2	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.
F3	The shares underlying this option vest as follows: 25% of the shares vested on April 29, 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.
F4	The shares underlying this option vest as follows: 25% of the shares vested on August 1, 2023, and the remainder have vested or shall vest over the next three years in equal monthly installments, subject to continued service to Nuvalent, Inc. through the applicable vesting date.