Levy Elliott M. 4

What Happened

• Elliott M. Levy, a director of NuCana plc, recorded a derivative disposition on 2026-06-19: 23,811,896 ordinary shares underlying an option were disposed to the issuer at $0.00 (no cash proceeds).
• The option was exercisable as of June 20, 2026, had an exercise price of £0.0004 per share, and was set to expire on June 20, 2035. The option was canceled by mutual agreement and the reporting person received no consideration.

Key Details

• Transaction date and code: 2026-06-19 — Derivative disposition to issuer (code D).
• Reported price/value: $0.00 per share; total reported proceeds $0 (no consideration received).
• Option terms (from footnotes): underlying ordinary shares have nominal value £0.000004 each; exercise price £0.0004; exercisable as of 2026-06-20; expiration 2035-06-20.
• Shares owned after transaction: not specified in the filing.
• Filing timeliness: Form 4 filed 2026-06-24 (filed after the typical two-business-day Form 4 deadline), indicating a late filing.

Context

• This was a cancellation of an option rather than an open-market sale or purchase of stock. No cash changed hands and no immediate market transaction in ordinary shares was reported.
• Such cancellations can reflect contractual/administrative agreements and do not, by themselves, indicate insider buying or selling intent.