Nuvalent CDO sells shares, exercises options
Nuvalent, Inc. Chief Development Officer Darlene Noci reported option exercises and a share sale.
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Form Type
4
Rhea-AI Filing Summary
Nuvalent, Inc. Chief Development Officer Darlene Noci reported option exercises and a share sale. On June 9, 2026, she exercised stock options for 20,000 shares of Class A Common Stock at exercise prices of $18.93, $6.89, and $1.08 per share.
On the same date, she sold 20,000 shares in an open-market transaction at an average price of $122.81 per share pursuant to a Rule 10b5-1 trading plan adopted on November 18, 2024. Following these transactions, she directly held 58,117 shares of Class A Common Stock.
Insider Trade Summary 10b5-1
Exercise and Sale: 20,000 shares ($2.26M approx. pre-tax spread)
Exercise and Sale
7 txns
Insider
Noci Darlene
Role
Chief Development Officer
Sold
20,000 shs ($2.46M)
Approx. gross sale proceeds
$2.46M
Approx. exercise cost
$192K
Approx. pre-tax spread
$2.26M
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (Right to Buy) | 10,000 | $0.00 | $0.00 |
| Exercise | Stock Option (Right to Buy) | 685 | $0.00 | $0.00 |
| Exercise | Stock Option (Right to Buy) | 9,315 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 10,000 | $1.08 | $11K |
| Exercise | Class A Common Stock | 685 | $6.89 | $5K |
| Exercise | Class A Common Stock | 9,315 | $18.93 | $176K |
| Sale | Class A Common Stock | 20,000 | $122.81 | $2.46M |
Holdings After Transaction:
Stock Option (Right to Buy) — 30,565 contracts (Direct);
Class A Common Stock — 58,117 shares (Direct)
Footnotes (2)
- F1. These transactions were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 18, 2024.
- F2. The shares underlying this option are fully vested.
Key Figures
Shares sold: 20,000 shares
Sale price: $122.81/share
Options exercised (shares): 20,000 shares
+5 more
8 metrics
Shares sold
20,000 shares
Open-market sale of Class A Common Stock at $122.81 on June 9, 2026
Sale price
$122.81/share
Average price for 20,000-share open-market sale on June 9, 2026
Options exercised (shares)
20,000 shares
Total Class A Common Stock from option exercises on June 9, 2026
Option strike price
$18.93/share
Exercise price for 9,315-share stock option exercised June 9, 2026
Option strike price
$6.89/share
Exercise price for 685-share stock option exercised June 9, 2026
Option strike price
$1.08/share
Exercise price for 10,000-share stock option exercised June 9, 2026
Post-transaction holdings
58,117 shares
Directly held Class A Common Stock after reported transactions
Option expiration date
January 4, 2032
Expiration for $18.93 strike stock option series
Key Terms
Rule 10b5-1 trading plan, Stock Option (Right to Buy), derivative security, open-market sale
4 terms
Rule 10b5-1 trading plan regulatory
"These transactions were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 18, 2024."
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
Stock Option (Right to Buy) financial
"security_title: Stock Option (Right to Buy) with underlying Class A Common Stock."
derivative security financial
"transaction_code_description: Exercise or conversion of derivative security."
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
open-market sale financial
"transaction_action: open-market sale of Class A Common Stock."
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Nuvalent (NUVL) executive Darlene Noci report in this Form 4?
Darlene Noci reported exercising stock options and selling shares of Nuvalent Class A Common Stock. On June 9, 2026, she exercised options for 20,000 shares and sold 20,000 shares in the open market under a pre-arranged Rule 10b5-1 trading plan.
What stock options did Darlene Noci exercise in Nuvalent (NUVL)?
She exercised stock options covering a total of 20,000 shares of Class A Common Stock. The options had exercise prices of $18.93, $6.89, and $1.08 per share, and the filing notes the underlying option shares were fully vested at the time of exercise.
What does the Rule 10b5-1 reference mean in this Nuvalent (NUVL) Form 4?
Rule 10b5-1 allows insiders to pre-arrange trades under a written plan. The filing notes Noci’s transactions occurred pursuant to a Rule 10b5-1 plan adopted on November 18, 2024, signaling these June 9, 2026 trades followed a preset schedule and conditions.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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