• Nuvalent President and CEO James Richard Porter exercised stock options for 30,000 Class A shares at USD 18.93 on May 4, 2026.
• He sold 30,000 Class A shares the same day at weighted average prices ranging from USD 98.54 to USD 102.88.
• Directly held Class A position stood at 324,879 shares after the transactions.
• Directly held stock options stood at 178,686 after the exercise.

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