Nuvalent (NUVL) CDO exercises options, sells 5,500 shares under 10b5-1 plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Nuvalent, Inc. Chief Development Officer Darlene Noci exercised stock options and sold shares in a planned transaction. She exercised options to acquire 5,500 shares of Class A Common Stock at $27.85 per share, then sold 5,500 shares in two open-market trades at weighted average prices of $97.43 and $98.13, all under a Rule 10b5-1 trading plan adopted on November 18, 2024. After these transactions, she directly holds 58,117 shares of Class A Common Stock and 97,829 option shares, indicating she retains a substantial equity stake despite the routine liquidity event.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 5,500 shares ($537,943)
Net Sell
4 txns
Insider
Noci Darlene
Role
Chief Development Officer
Sold
5,500 shs ($538K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (Right to Buy) | 5,500 | $0.00 | -- |
| Exercise | Class A Common Stock | 5,500 | $27.85 | $153K |
| Sale | Class A Common Stock | 2,532 | $97.43 | $247K |
| Sale | Class A Common Stock | 2,968 | $98.13 | $291K |
Holdings After Transaction:
Stock Option (Right to Buy) — 97,829 shares (Direct);
Class A Common Stock — 63,617 shares (Direct)
Footnotes (1)
- These transactions were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 18, 2024. The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $96.84 to $97.83, 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 within the ranges set forth in footnotes (2) and (3) of this Form 4. The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $97.84 to $98.63, inclusive. The shares underlying this option have vested or shall vest over the four years following January 6, 2023 in equal monthly installments, subject to continued service to Nuvalent, Inc. through the applicable vesting date.
Key Figures
Options exercised: 5,500 shares at $27.85
Shares sold (first block): 2,532 shares at $97.43
Shares sold (second block): 2,968 shares at $98.13
+4 more
7 metrics
Options exercised
5,500 shares at $27.85
Stock options for Class A Common Stock exercised on March 30, 2026
Shares sold (first block)
2,532 shares at $97.43
Weighted average sale price with trades from $96.84 to $97.83
Shares sold (second block)
2,968 shares at $98.13
Weighted average sale price with trades from $97.84 to $98.63
Shares held after sale
58,117 shares
Direct Class A Common Stock holdings following March 30, 2026 transactions
Options remaining
97,829 shares
Stock option position following the reported option exercise
Trading plan adoption date
November 18, 2024
Date Darlene Noci adopted Rule 10b5-1 plan governing these trades
Option vesting schedule
4 years monthly
Option vests in equal monthly installments over four years after January 6, 2023
Key Terms
Rule 10b5-1 trading plan, Stock Option (Right to Buy, weighted average price, Class A Common Stock, +1 more
5 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)"
weighted average price financial
"The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $96.84 to $97.83, inclusive."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
Class A Common Stock financial
"underlying_security_title": "Class A Common Stock"
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
Exercise or conversion of derivative security financial
"transaction_code_description": "Exercise or conversion of derivative security"
FAQ
What did Nuvalent (NUVL) Chief Development Officer Darlene Noci do in this Form 4 filing?
Darlene Noci exercised stock options for 5,500 Nuvalent Class A Common shares at $27.85 each, then sold 5,500 shares in open-market trades around $97–$98, all under a pre-arranged Rule 10b5-1 trading plan.
What type of derivative security did Darlene Noci exercise in Nuvalent (NUVL)?
She exercised a “Stock Option (Right to Buy)” for 5,500 underlying Nuvalent Class A Common shares at an exercise price of $27.85 per share. The option vests in equal monthly installments over four years following January 6, 2023.