Arvinas Board Member Granted Significant Equity Package, Signals Long-term Commitment

Rhea-AI Filing Summary

Insider Trading Activity Report: Leslie V. Norwalk, Director of Arvinas (NASDAQ: ARVN), received significant equity compensation on June 25, 2025. The transaction includes:

• Restricted Stock Units (RSUs): Granted 16,025 RSUs that convert to common stock at no cost, vesting on June 25, 2026 or at the first board meeting after the next annual stockholder meeting
• Stock Options: Awarded 23,105 options with exercise price of $7.80, expiring June 24, 2035, following the same vesting schedule as RSUs

Following these transactions, Norwalk directly owns 26,045 shares of common stock and 23,105 stock options. The equity grants appear to be part of the company's director compensation program, with both RSUs and options structured with one-year cliff vesting, subject to continued service.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Norwalk Leslie V

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Stock Option (right to buy)	23,105	$0.00	--
Grant/Award	Common Stock	16,025	$0.00	--

Holdings After Transaction: Stock Option (right to buy) — 23,105 shares (Direct); Common Stock — 26,045 shares (Direct)

Footnotes (1)

1. The restricted stock units (each, an "RSU") were granted by the Issuer on June 25, 2025 and each RSU represents a contingent right to receive one share of the Issuer's common stock upon settlement for no consideration. The RSUs shall vest in full on the earlier of June 25, 2026 or the first meeting of the board of directors of the Issuer held after the following annual meeting of stockholders, subject to the reporting person's continued service with the Issuer on the vesting date. This option award was granted on June 25, 2025. The shares underlying the award shall vest in full on the earlier of June 25, 2026 or the first meeting of the board of directors of the Issuer held after the following annual meeting of stockholders, subject to the reporting person's continued service with the Issuer on the vesting date.

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a 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). See Instruction 10.

1. Name and Address of Reporting Person^*

Norwalk Leslie V

(Last) (First) (Middle)

C/O ARVINAS, INC.

5 SCIENCE PARK, 395 WINCHESTER AVE.

(Street)

NEW HAVEN CT 06511

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
ARVINAS, INC. [ ARVN ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
06/25/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	06/25/2025		A		16,025(1)	A	$0	26,045	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Option (right to buy)	$7.8	06/25/2025		A		23,105		(2)	06/24/2035	Common Stock	23,105	$0	23,105	D

Explanation of Responses:

1. The restricted stock units (each, an "RSU") were granted by the Issuer on June 25, 2025 and each RSU represents a contingent right to receive one share of the Issuer's common stock upon settlement for no consideration. The RSUs shall vest in full on the earlier of June 25, 2026 or the first meeting of the board of directors of the Issuer held after the following annual meeting of stockholders, subject to the reporting person's continued service with the Issuer on the vesting date.

2. This option award was granted on June 25, 2025. The shares underlying the award shall vest in full on the earlier of June 25, 2026 or the first meeting of the board of directors of the Issuer held after the following annual meeting of stockholders, subject to the reporting person's continued service with the Issuer on the vesting date.

Remarks:

	/s/ Jared Freedberg, as attorney-in-fact for Leslie Norwalk	06/27/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What stock compensation did Leslie Norwalk receive from ARVN on June 25, 2025?

Leslie Norwalk received two forms of stock compensation from Arvinas (ARVN) on June 25, 2025: (1) 16,025 restricted stock units (RSUs) that vest in full on June 25, 2026 or the first board meeting after the next annual stockholder meeting, and (2) stock options to purchase 23,105 shares at an exercise price of $7.80 per share, with the same vesting schedule.

How many ARVN shares does Leslie Norwalk own after the June 2025 grant?

Following the reported transaction, Leslie Norwalk directly owns 26,045 shares of ARVN common stock, plus 23,105 stock options and 16,025 unvested RSUs.

What is the vesting schedule for ARVN's June 2025 director stock grants?

Both the RSUs and stock options granted to director Leslie Norwalk vest in full on the earlier of: (1) June 25, 2026 or (2) the first board meeting held after the next annual stockholder meeting, subject to continued service with Arvinas.

What is the exercise price and expiration date of ARVN stock options granted to Norwalk?

The stock options were granted with an exercise price of $7.80 per share and expire on June 24, 2035, ten years from the grant date.

Who filed this Form 4 for ARVN and when was it filed?

The Form 4 was filed on June 27, 2025 by Jared Freedberg as attorney-in-fact for Leslie Norwalk, who serves as a Director of Arvinas, Inc.