Nuvalent Inc.

07/17/2026 | Press release | Distributed by Public on 07/17/2026 13:27

Statement of Changes in Beneficial Ownership (Form 4)

FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
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(Print or Type Responses)
1. Name and Address of Reporting Person *
Flynn James E
2. Issuer Name and Ticker or Trading Symbol
Nuvalent, Inc. [NUVL]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director __X__ 10% Owner
_____ Officer (give title below) __X__ Other (specify below)
Director by Deputization
(Last) (First) (Middle)
345 PARK AVENUE SOUTH, 12TH FLOOR
3. Date of Earliest Transaction (Month/Day/Year)
07/15/2026
(Street)
NEW YORK, NY 10010
4. If Amendment, Date Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
___ Form filed by One Reporting Person
_X_ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Class A Common Stock 07/15/2026 D(1) 8,299,225 D $124(1) 0 I Through Deerfield Private Design Fund IV, L.P.(8)(9)
Class A Common Stock 07/15/2026 D(1) 8,299,225 D $124(1) 0 I Through Deerfield Healthcare Innovations Fund, L.P.(8)(9)
Class A Common Stock 07/15/2026 D(1) 650,000 D $124(1) 0 I Through Deerfield Partners, L.P.(8)(9)
Class A Common Stock 07/15/2026 U(2) 5,146 D $124(2) 0 I Through Deerfield Mangement Company, L.P.(3)
Class A Common Stock 07/15/2026 U(2) 5,146 D $124(2) 0 I Through Deerfield Mangement Company, L.P.(4)
Class A Common Stock - Restricted Stock Units 07/15/2026 D(5) 3,444 D $124(5) 0 I Through Deerfield Mangement Company, L.P.(3)
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. SEC 1474 (9-02)
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(Month/Day/Year)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Class B Common Stock (6) 07/15/2026 D 2,717,627 (6) (6) Class A Common Stock 2,717,627 $124(1) 0 I Through Deerfield Private Design Fund IV, L.P.(8)(9)
Class B Common Stock (6) 07/15/2026 D 2,717,627 (6) (6) Class A Common Stock 2,717,627 $124(1) 0 I Through Deerfield Healthcare Innovations Fund, L.P.(8)(9)
Stock Option (right to buy) $17 07/15/2026 D 43,000 (6) 07/28/2031 Class A Common Stock 43,000 (7) 0 I Through Deerfield Mangement Company, L.P.(3)
Stock Option (right to buy) $17 07/15/2026 D 43,000 (6) 07/28/2031 Class A Common Stock 43,000 (7) 0 I Through Deerfield Mangement Company, L.P.(4)
Stock Option (right to buy) $9.36 07/15/2026 D 20,000 (6) 06/16/2032 Class A Common Stock 20,000 (7) 0 I Through Deerfield Mangement Company, L.P.(3)
Stock Option (right to buy) $9.36 07/15/2026 D 20,000 (6) 06/16/2032 Class A Common Stock 20,000 (7) 0 I Through Deerfield Mangement Company, L.P.(4)
Stock Option (right to buy) $44.68 07/15/2026 D 15,000 (6) 06/15/2033 Class A Common Stock 15,000 (7) 0 I Through Deerfield Mangement Company, L.P.(3)
Stock Option (right to buy) $44.68 07/15/2026 D 15,000 (6) 06/15/2033 Class A Common Stock 15,000 (7) 0 I Through Deerfield Mangement Company, L.P.(4)
Stock Option (right to buy) $80.03 07/15/2026 D 3,789 (6) 06/12/2034 Class A Common Stock 3,789 (7) 0 I Through Deerfield Mangement Company, L.P.(3)
Stock Option (right to buy) $80.03 07/15/2026 D 3,789 (6) 06/12/2034 Class A Common Stock 3,789 (7) 0 I Through Deerfield Mangement Company, L.P.(4)
Stock Option (right to buy) $75.53 07/15/2026 D 4,147 (6) 06/18/2035 Class A Common Stock 4,147 (7) 0 I Through Deerfield Mangement Company, L.P.(3)
Stock Option (right to buy) $75.53 07/15/2026 D 4,147 (6) 06/18/2035 Class A Common Stock 4,147 (7) 0 I Through Deerfield Mangement Company, L.P.(4)

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Flynn James E
345 PARK AVENUE SOUTH, 12TH FLOOR
NEW YORK, NY 10010
X X Director by Deputization
DEERFIELD MANAGEMENT COMPANY, L.P.
345 PARK AVENUE SOUTH, 12TH FLOOR
NEW YORK, NY 10010
X X Director by Deputization
Deerfield Mgmt HIF, L.P.
345 PARK AVENUE SOUTH, 12TH FLOOR
NEW YORK, NY 10010
X X Director by Deputization
Deerfield Healthcare Innovations Fund, L.P.
345 PARK AVENUE SOUTH, 12TH FLOOR
NEW YORK, NY 10010
X X Director by Deputization
DEERFIELD PARTNERS, L.P.
345 PARK AVENUE SOUTH, 12TH FLOOR
NEW YORK, NY 10010
X X Director by Deputization
Deerfield Mgmt L.P.
345 PARK AVENUE SOUTH, 12TH FLOOR
NEW YORK, NY 10010
X X Director by Deputization
Deerfield Mgmt IV, L.P.
345 PARK AVENUE SOUTH, 12TH FLOOR
NEW YORK, NY 10010
X X Director by Deputization
Deerfield Private Design Fund IV, L.P.
345 PARK AVENUE SOUTH, 12TH FLOOR
NEW YORK, NY 10010
X X Director by Deputization

Signatures

/s/ Jonathan Isler, Attorney-in-Fact 07/17/2026
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) Pursuant to the Agreement and Plan of Merger, dated June 9, 2026 (the "Merger Agreement"), by and among (i) the Issuer, (ii) GlaxoSmithKline LLC ("Parent"), (iii) Harmony Row Acquisition Co. ("Purchaser") and (iv) solely for purposes of Section 9.14 therein, GSK plc, upon the effective time of the merger contemplated thereby (the "Merger") each share of Class A Common Stock and each share of Class B Common Stock beneficially owned by the Reporting Persons was cancelled and converted into the right to receive $124.00, in cash. The disposition or deemed disposition of such securities by the Reporting Persons pursuant to the Merger Agreement was exempted pursuant to Rule 16b-3 under the Securities Exchange Act of 1934, as amended.
(2) Pursuant to the Merger Agreement, on July 15, 2026, Purchaser completed a tender offer (the "Offer") to purchase all outstanding shares of the Issuer's Class A Common Stock and Class B Common Stock. The reported shares were tendered to, and accepted by, the Purchaser in exchange for the offer price of $124.00 per share, in cash.
(3) Prior to the consummation of the transactions contemplated by the Merger Agreement, Cameron Wheeler, a partner in Deerfield Management Company, L.P. ("Deerfield Management"), served as a director of the Issuer. The reported shares of Class A Common Stock, RSUs (as defined below) and stock options were held by Dr. Wheeler for the benefit, and at the direction, of Deerfield Management.
(4) Prior to his resignation from the board of directors of the Issuer in connection with the Issuer's 2026 annual meeting of stockholders, Joseph Pearlberg, an employee of Deerfield Management, served as a director of the Issuer. The reported shares of Class A Common Stock and stock options were held by Mr. Pearlberg for the benefit, and at the direction, of Deerfield Management.
(5) The reported shares of Class A Common Stock were issuable under restricted stock units ("RSUs") granted to Dr. Wheeler, which were held for the benefit, and at the direction, of Deerfield Management. Pursuant to the Merger Agreement, each of the reported RSUs was cancelled and converted into the right of the holder to receive an amount in cash (without interest and less applicable withholding taxes) equal to the product of (x) the total number of shares subject to (or deliverable under) such RSU immediately prior to the effective time of the Merger and (y) $124.00. The disposition or deemed disposition of such securities pursuant to the Merger Agreement was exempted pursuant to Rule 16b-3 under the Securities Exchange Act of 1934, as amended.
(6) Prior to the consummation of the Merger, the Class B Common Stock was convertible into Class A Common Stock from time to time at the election of the holder, except that conversion was prohibited to the extent that, upon such conversion, the holder, its affiliates and other persons whose ownership of Class A Common Stock would be aggregated with that of such holder for purposes of Section 13(d) of the Securities Exchange Act of 1934, as amended, would exceed 4.9% of the total number of shares of Class A Common Stock then outstanding.
(7) Pursuant to the Merger Agreement, each option to purchase shares of Class A Common Stock that was outstanding immediately prior to the effective time of the Merger was cancelled and converted into the right of the holder to receive an amount in cash (without interest and less applicable withholding taxes) equal to the product of (x) the total number of shares subject to such stock option immediately prior to the effective time of the Merger and (y) the excess, if any, of $124.00 over the applicable exercise price per share under such stock option. The disposition or deemed disposition of such securities by the reporting Persons pursuant to the Merger Agreement was exempted pursuant to Rule 16b-3 under the Securities Exchange Act of 1934, as amended.
(8) This Form 4 is being filed by the undersigned as well as the entities listed on the Joint Filer Information Statement attached as an exhibit hereto (the "Reporting Persons"). Deerfield Mgmt, L.P. is the general partner of Deerfield Partners, L.P. ("Deerfield Partners"). Deerfield Mgmt IV, L.P. is the general partner of Deerfield Private Design Fund IV, L.P. ("Fund IV"). Deerfield Mgmt HIF, L.P. is the general partner of Deerfield Healthcare Innovations Fund, L.P. (collectively with Deerfield Partners and Fund IV, the "Funds"). Deerfield Management Company, L.P. is the investment manager of the Funds. James E. Flynn is the sole member of the general partner of each of Deerfield Mgmt, L.P., Deerfield Mgmt IV, L.P., Deerfield Mgmt HIF, L.P. and Deerfield Management Company, L.P.
(9) In accordance with Instruction 4 (b)(iv) to Form 4, the entire amount of the Issuer's securities held by the Funds is reported herein. For purposes of Section 16 of the Securities Exchange Act of 1934, as amended, each Reporting Person disclaims beneficial ownership of any such securities, except to the extent of his/its indirect pecuniary interest therein, if any, and this report shall not be deemed an admission that such Reporting Person is the beneficial owner of such securities for purposes of Section 16 or otherwise.

Remarks:
Prior to the consummation of the Merger, Cameron Wheeler, a partner in Deerfield Management, served as a director of the Issuer. Jonathan Isler, Attorney-in-Fact: Power of Attorney, which is hereby incorporated by reference to Exhibit 24 to a Form 3 with regard to BiomX Inc. filed with the Securities and Exchange Commission on March 19, 2024 by Deerfield Private Design Fund V, L.P., Deerfield Healthcare Innovations Fund II, L.P., Deerfield Mgmt V, L.P., Deerfield Mgmt HIF II, L.P., Deerfield Management Company, L.P. and James E. Flynn.
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number.
Nuvalent Inc. published this content on July 17, 2026, and is solely responsible for the information contained herein. Distributed via EDGAR on July 17, 2026 at 19:27 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]