Form 4: Nuvalent Director Cameron Wheeler Acquires Shares and Options

Director Cameron Wheeler acquired shares and options in Nuvalent, Inc. on June 12, 2024, under restricted stock units and stock options.

Summary

• Cameron Wheeler, a director of Nuvalent, Inc., reported changes in beneficial ownership on June 14, 2024.
• On June 12, 2024, Wheeler acquired 2,499 shares of Class A Common Stock under restricted stock units (RSUs) at a price of $0.00.
• These RSUs vest in full on the earlier of June 12, 2025, or the date of Nuvalent, Inc.'s next annual meeting of stockholders, contingent upon continued service.
• Wheeler also acquired options to buy 3,789 shares of Class A Common Stock at an exercise price of $80.03.
• These options vest in full on the earlier of June 12, 2025, or the date of Nuvalent, Inc.'s next annual meeting of stockholders, contingent upon continued service.
• Following these transactions, Wheeler beneficially owns 2,499 shares of Class A Common Stock and options for 3,789 shares.
• Wheeler disclaims pecuniary interest in these securities, holding them for the benefit and at the direction of Deerfield Management Company, L.P.

Sentiment

Score: 5

Explanation: Neutral sentiment as it's a standard regulatory filing detailing insider transactions.

Future Outlook

The RSUs and stock options vest on the earlier of June 12, 2025, or the date of Nuvalent, Inc.'s next annual meeting of stockholders, subject to continued service to Nuvalent, Inc. through the applicable vesting date.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• The acquisition of shares and options by a director could be viewed positively by shareholders as it aligns the director's interests with the company's performance.

Key Dates