Lane Benjamin 4

What Happened Lane Benjamin, Nuvalent's Chief Technical Operations Officer, was granted equity awards on April 1, 2026: 9,500 restricted stock units (RSUs) and 19,000 derivative awards (options/option-based awards). Both awards were reported with an acquisition price of $0, reflecting typical compensation grants rather than an open-market purchase or sale.

Key Details

• Transaction date: April 1, 2026; Form 4 filed April 2, 2026 (timely filing).
• Awards reported: 9,500 RSUs (acquired at $0) and 19,000 derivative awards/options (acquired at $0).
• Vesting: RSUs vest in three equal annual installments after April 1, 2026 (F1). The shares underlying the option awards vest monthly over four years beginning April 1, 2026 (F2).
• Shares owned after transaction: Not specified in this Form 4.
• No mention of 10b5-1 plan, tax withholding sale, or immediate cashless exercise in the filing.

Context RSUs and option awards are common forms of executive compensation intended to retain employees and align incentives; they do not reflect an immediate purchase or sale of stock. RSUs convert into shares only as they vest; option awards give a right to acquire shares under their vesting schedule. Because these awards carry future vesting conditions, they represent potential future equity rather than immediate market activity.