Nuvalent (NUVL) CDO exercises options, sells 5,500 shares under 10b5-1 plan
Rhea-AI Filing Summary
Nuvalent, Inc.’s Chief Development Officer, Darlene Noci, reported a combination of option exercise and share sales in Class A Common Stock. On May 28, 2026, she exercised stock options to acquire 5,500 shares at an exercise price of $27.85 per share and sold 5,500 shares in open-market transactions.
The sales occurred in multiple trades at reported weighted average prices including $109.76, $109.30, $108.01, $107.33, and $106.26 per share. According to a footnote, these transactions were carried out under a Rule 10b5-1 trading plan adopted on November 18, 2024, indicating they were pre-arranged rather than timed discretionarily.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 5,500 shares ($592,923)
Net Sell
7 txns
Insider
Noci Darlene
Role
Chief Development Officer
Sold
5,500 shs ($593K)
| 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 | 1,300 | $106.26 | $138K |
| Sale | Class A Common Stock | 1,422 | $107.33 | $153K |
| Sale | Class A Common Stock | 1,178 | $108.01 | $127K |
| Sale | Class A Common Stock | 1,500 | $109.30 | $164K |
| Sale | Class A Common Stock | 100 | $109.76 | $11K |
Holdings After Transaction:
Stock Option (Right to Buy) — 86,829 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 $105.72 to $106.69, 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 (5) of this Form 4. The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $106.72 to $107.71, inclusive. The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $107.72 to $108.54, inclusive. The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $108.74 to $109.61, 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
Shares sold: 5,500 shares
Option exercise shares: 5,500 shares
Option exercise price: $27.85/share
+4 more
7 metrics
Shares sold
5,500 shares
Total Class A Common Stock sold on May 28, 2026
Option exercise shares
5,500 shares
Shares acquired via stock option exercise on May 28, 2026
Option exercise price
$27.85/share
Exercise price for Stock Option (Right to Buy)
Sale price example
$109.76/share
Weighted average price for one sale tranche of Class A Common Stock
Sale price example
$106.26/share
Weighted average price for another sale tranche
10b5-1 plan adoption date
November 18, 2024
Date reporting person adopted Rule 10b5-1 trading plan
Option expiration
January 6, 2033
Expiration date for the Stock Option (Right to Buy)
Key Terms
Rule 10b5-1 trading plan, weighted average price, Stock Option (Right to Buy), Class A Common Stock
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.
weighted average price financial
"The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from..."
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.
Stock Option (Right to Buy) financial
"Security title is listed as Stock Option (Right to Buy) with underlying Class A Common Stock shares."
Class A Common Stock financial
"Transactions involve Class A Common Stock in multiple open-market sales and related option exercises."
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did Nuvalent (NUVL) executive Darlene Noci report in this Form 4?
Darlene Noci reported exercising stock options for 5,500 Nuvalent Class A shares and selling 5,500 shares in open-market transactions on May 28, 2026, as disclosed in the Form 4 filing with the Securities and Exchange Commission.
What type of security did the Nuvalent (NUVL) Form 4 transactions involve?
The transactions involved Nuvalent Class A Common Stock and a related Stock Option (Right to Buy). The option exercise converted 5,500 option rights into 5,500 Class A Common shares, which were then associated with reported open-market sales.