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No, NUA can only be applied to employer stock distributed directly from a 401k plan or ESOP. Once employer shares are rolled into an IRA NUA on those shares is forfeited. It is also possible to have the NUA shares distributed to a taxable brokerage, and then the taxpayer can still change their mind and within 60 days roll some or all of the same shares into their IRA and not utilize NUA. A participant cannot sell the shares using NUA and then roll the proceeds into an IRA.
NUA is one of the options a participant can use as part of a qualified lump sum distribution (LSD). The cost basis on these shares is the value of the shares when added to the 401k or ESOP plan of the participant. An IRA on the other hand only tracks basis from non deductible contributions or amounts rolled into the plan on which all taxes have already been paid. Taxes are not fully paid on NUA shares until they are actually sold, which could be decades after they are distributed from a 401k or ESOP. Therefore, there is no portability of NUA values into any kind of IRA.