Form 4: Nuvalent's Chief Legal Officer, Deborah Ann Miller, Executes Stock Options and Sells Shares Under 10b5-1 Plan

Deborah Ann Miller, Chief Legal Officer of Nuvalent, Inc., exercised stock options and sold Class A Common Stock under a pre-arranged Rule 10b5-1 trading plan on June 6, 2024.

Summary

• On June 6, 2024, Deborah Ann Miller, the Chief Legal Officer of Nuvalent, Inc., engaged in transactions involving the company's Class A Common Stock.
• Miller exercised stock options to acquire 3,000 shares at $6.89 and 5,000 shares at $18.93.
• Concurrently, Miller sold a total of 7,790 shares of Class A Common Stock at prices ranging from $73.42 to $82.33 per share.
• These transactions were executed under a pre-arranged Rule 10b5-1 trading plan adopted on December 27, 2023.
• Following these transactions, Miller directly owns 33,300 shares of Nuvalent's Class A Common Stock and holds options to purchase 182,608 shares at $6.89 and 84,000 shares at $18.93.

Sentiment

Score: 5

Explanation: This is a neutral disclosure of stock transactions by an officer. It doesn't inherently indicate positive or negative sentiment about the company's prospects.

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. Insiders often use Rule 10b5-1 plans to manage their stock sales and avoid accusations of trading on non-public information.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in ownership, but the pre-planned nature of the sales mitigates concerns about insider trading.

Key Dates