Nuvalent (NUVL) CLO exercises 5.5K options, sells 5.5K shares under 10b5-1
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Nuvalent, Inc. Chief Legal Officer Deborah Ann Miller exercised stock options and sold shares in a planned transaction. She exercised options to acquire 5,500 shares of Class A Common Stock at an exercise price of $6.89 per share, from options that are fully vested. On the same date, she sold a total of 5,500 shares in three open-market trades at weighted average prices around $97.50–$99.46 per share, under a pre-arranged Rule 10b5-1 trading plan adopted on November 18, 2024. After these transactions, she directly holds 59,634 shares of Class A Common Stock and retains 83,608 stock options outstanding, according to the filing.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 5,500 shares ($542,991)
Net Sell
5 txns
Insider
Miller Deborah Ann
Role
Chief Legal Officer
Sold
5,500 shs ($543K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (Right to Buy) | 5,500 | $0.00 | -- |
| Exercise | Class A Common Stock | 5,500 | $6.89 | $38K |
| Sale | Class A Common Stock | 940 | $97.50 | $92K |
| Sale | Class A Common Stock | 1,757 | $98.21 | $173K |
| Sale | Class A Common Stock | 2,803 | $99.46 | $279K |
Holdings After Transaction:
Stock Option (Right to Buy) — 83,608 shares (Direct);
Class A Common Stock — 65,134 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 $96.89 to $97.85, 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 $97.92 to $98.85, inclusive. The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $99.09 to $99.80, inclusive. The shares underlying this option are fully vested.
Key Figures
Options exercised: 5,500 shares
Exercise price: $6.89/share
Shares sold block 1: 940 shares at $97.50
+4 more
7 metrics
Options exercised
5,500 shares
Stock options exercised at $6.89 per share on 2026-03-26
Exercise price
<money>$6.89</money>/share
Stock Option (Right to Buy) for Class A Common Stock
Shares sold block 1
940 shares at <money>$97.50</money>
Open-market sale of Class A Common Stock on 2026-03-26
Shares sold block 2
1,757 shares at <money>$98.21</money>
Open-market sale of Class A Common Stock on 2026-03-26
Shares sold block 3
2,803 shares at <money>$99.46</money>
Open-market sale of Class A Common Stock on 2026-03-26
Shares held after
59,634 shares
Direct Class A Common Stock holdings following transactions
Options remaining
83,608 options
Stock Option (Right to Buy) position after exercising 5,500 options
Key Terms
Stock Option (Right to Buy), Rule 10b5-1 trading plan, weighted average price, Exercise or conversion of derivative security, +1 more
5 terms
Stock Option (Right to Buy) financial
"security_title: "Stock Option (Right to Buy)""
Rule 10b5-1 trading plan regulatory
"These transactions were effected pursuant to a Rule 10b5-1 trading plan"
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"
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.
Exercise or conversion of derivative security financial
"transaction_code_description: "Exercise or conversion of derivative security""
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.
FAQ
What did Nuvalent (NUVL) executive Deborah Ann Miller report in this Form 4?
Deborah Ann Miller reported exercising stock options for 5,500 Nuvalent shares at $6.89 each and selling 5,500 shares in three open-market transactions around $97.50–$99.46 per share. The activity reflects an exercise-and-sell pattern disclosed in a Form 4 insider filing.
What type of derivative security did Deborah Ann Miller exercise at Nuvalent (NUVL)?
She exercised a stock option, described as a “Stock Option (Right to Buy),” covering 5,500 shares of Nuvalent Class A Common Stock at an exercise price of $6.89 per share. The filing notes the option was fully vested, and 83,608 options remain outstanding afterward.