Nuvalent (NUVL) CFO sells 11,430 shares after option exercise under 10b5-1 plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Nuvalent, Inc. Chief Financial Officer Alexandra Balcom exercised stock options for 11,430 shares of Class A common stock at an exercise price of $1.08 per share. On the same date, she sold 11,430 shares in open-market transactions at weighted average prices between $103.81 and $106.69.
The filing shows these trades were made under a pre-arranged Rule 10b5-1 trading plan adopted on December 23, 2025, indicating the sales were scheduled in advance. Following the transactions, Balcom directly holds 85,533 shares of Nuvalent Class A common stock.
Positive
- None.
Negative
- None.
Insights
CFO executes routine option exercise-and-sell under 10b5-1 plan.
The Nuvalent CFO exercised 11,430 stock options at an exercise price of $1.08 per share and sold the same number of shares around $104–$106. This is a classic exercise-and-sell pattern converting equity awards into cash.
The filing notes the trades were made under a Rule 10b5-1 trading plan adopted on December 23, 2025, suggesting they were pre-scheduled rather than opportunistic. After selling, she still holds 85,533 shares directly, so the disposals represent only a portion of her equity exposure.
There are no remaining derivative positions listed in this filing, and the option underlying these shares is fully vested. Overall, this appears to be routine liquidity management rather than a signal of a major change in insider sentiment.
Insider Trade Summary 10b5-1
Net Seller: 11,430 shares ($1,202,527)
Net Sell
5 txns
Insider
Balcom Alexandra
Role
Chief Financial Officer
Sold
11,430 shs ($1.20M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (Right to Buy) | 11,430 | $0.00 | -- |
| Exercise | Class A Common Stock | 11,430 | $1.08 | $12K |
| Sale | Class A Common Stock | 3,544 | $104.39 | $370K |
| Sale | Class A Common Stock | 5,417 | $105.30 | $570K |
| Sale | Class A Common Stock | 2,469 | $106.18 | $262K |
Holdings After Transaction:
Stock Option (Right to Buy) — 138,796 shares (Direct);
Class A Common Stock — 96,963 shares (Direct)
Footnotes (1)
- These transactions were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on December 23, 2025. The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $103.81 to $104.79, 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) through (4) of this Form 4. The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $104.84 to $105.83, inclusive. The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $105.85 to $106.69, inclusive. The shares underlying this option are fully vested.
Key Figures
Options exercised: 11,430 shares
Exercise price: $1.08 per share
Shares sold at $104.39: 3,544 shares at $104.39
+5 more
8 metrics
Options exercised
11,430 shares
Stock Option (Right to Buy) exercised on April 1, 2026
Exercise price
$1.08 per share
Strike price for 11,430 options exercised
Shares sold at $104.39
3,544 shares at $104.39
Open-market sale, weighted average price
Shares sold at $105.30
5,417 shares at $105.30
Open-market sale, weighted average price
Shares sold at $106.18
2,469 shares at $106.18
Open-market sale, weighted average price
Net shares sold
11,430 shares
Total shares sold matches shares acquired via option exercise
Shares held after transactions
85,533 shares
Direct Class A common stock held by CFO after sales
Options outstanding after exercise
138,796 rights
Total derivative holdings following the reported option exercise
Key Terms
Rule 10b5-1 trading plan, Stock Option (Right to Buy, weighted average price, Class A Common Stock, +2 more
6 terms
Rule 10b5-1 trading plan regulatory
"These transactions were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person"
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"
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.
open-market sale financial
"transaction_action": "open-market sale""
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.
fully vested financial
"The shares underlying this option are fully vested."
FAQ
What did Nuvalent (NUVL) CFO Alexandra Balcom do in this Form 4 filing?
Nuvalent CFO Alexandra Balcom exercised 11,430 stock options at an exercise price of $1.08 per share and sold 11,430 Class A common shares in the open market at weighted average prices between about $103.81 and $106.69, converting option value into cash.
What type of derivative did the Nuvalent (NUVL) CFO exercise?
She exercised a Stock Option (Right to Buy) covering 11,430 shares of Class A common stock at an exercise price of $1.08 per share. A footnote confirms that the shares underlying this option were fully vested at the time of exercise.
Does this Nuvalent (NUVL) Form 4 show any remaining options for the CFO?
The filing shows a derivative transaction where total option-related holdings following the exercise are 138,796 rights. However, the specific derivative summary in the data excerpt is empty, so only this transaction’s post-exercise derivative balance appears in the provided details.