Deerfield Partner Receives Major Equity Grant on Nuvalent's Board
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Cameron Wheeler, Director at Nuvalent (NUVL), reported two significant equity transactions on June 18, 2025:
- Acquired 2,647 Restricted Stock Units (RSUs) at $0.00, convertible to Class A Common Stock. These RSUs vest fully on June 18, 2026, or at the next annual stockholder meeting
- Received stock options to purchase 4,147 shares at an exercise price of $75.53 per share, expiring June 18, 2035
Important disclosure: Wheeler, a partner at Deerfield Management Company, L.P., holds these securities for the benefit of Deerfield Management and disclaims beneficial ownership. Following these transactions, Wheeler directly owns 5,146 shares and 4,147 stock options. Both the RSUs and options are subject to continued service requirements.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Wheeler Cameron
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (Right to Buy) | 4,147 | $0.00 | -- |
| Grant/Award | Class A Common Stock | 2,647 | $0.00 | -- |
Holdings After Transaction:
Stock Option (Right to Buy) — 4,147 shares (Direct);
Class A Common Stock — 5,146 shares (Direct)
Footnotes (1)
- The Reporting Person, a partner in Deerfield Management Company, L.P., has no pecuniary interest in the securities reported herein and disclaims beneficial ownership of such securities. The Reporting Person holds the securities for the benefit, and at the direction, of Deerfield Management Company, L.P. Consists of shares of Nuvalent, Inc. Class A Common Stock issuable under restricted stock units ("RSUs"). Each RSU represents the right to receive one share of Nuvalent, Inc. Class A Common Stock. The RSUs vest in full on the earlier of June 18, 2026 or the date of Nuvalent, Inc.'s next annual meeting of stockholders, subject to continued service to Nuvalent, Inc. through the applicable vesting date. The shares underlying this option vest in full on the earlier of June 18, 2026 or the date of Nuvalent, Inc.'s next annual meeting of stockholders, subject to continued service to Nuvalent, Inc. through the applicable vesting date.
FAQ
What stock options did Cameron Wheeler receive from NUVL on June 18, 2025?
Cameron Wheeler received stock options to purchase 4,147 shares of NUVL Class A Common Stock at an exercise price of $75.53. These options vest in full on the earlier of June 18, 2026 or NUVL's next annual meeting of stockholders, and expire on June 18, 2035.
How many restricted stock units (RSUs) were granted to NUVL director Cameron Wheeler?
Cameron Wheeler was granted 2,647 restricted stock units (RSUs) on June 18, 2025. Each RSU represents the right to receive one share of NUVL Class A Common Stock. The RSUs vest in full on the earlier of June 18, 2026 or the company's next annual meeting of stockholders.
What is Cameron Wheeler's total beneficial ownership of NUVL stock after the June 18, 2025 grants?
Following the transactions, Cameron Wheeler directly owns 5,146 shares of NUVL Class A Common Stock and 4,147 stock options. However, the filing notes that Wheeler, as a partner in Deerfield Management Company, L.P., has no pecuniary interest in these securities and disclaims beneficial ownership.
What are the vesting terms for NUVL's June 2025 director equity grants?
Both the stock options and RSUs granted to the director vest in full on the earlier of June 18, 2026 (one year from grant) or the date of NUVL's next annual meeting of stockholders, subject to continued service to the company through the applicable vesting date.