Kent Kresa - May 2, 2022 Form 3 Insider Report for NUSCALE POWER Corp (SMR)

Role
Director
Signature
By: /s/ Patrick C. Cannon, attorney-in-fact for Kent Kresa
Stock symbol
SMR
Transactions as of
May 2, 2022
Transactions value $
$0
Form type
3
Date filed
5/13/2022, 06:03 AM
Previous filing
May 20, 2021
Next filing
May 12, 2022

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding SMR Paired Interests May 2, 2022 Class A Common Stock 19.8K Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The term "Paired Interests" is used herein to refer to the economic, non-voting Class B Units of NuScale Power, LLC ("Class B Units") and an equal number of paired shares of non-economic, voting Class B Common Stock of the Issuer ("Class B Common Stock"). Pursuant to and subject to the applicable terms and conditions of the limited liability company agreement of NuScale Power, LLC or the certificate of incorporation of the Issuer (each as amended from time to time): (a) the holder of Class B Units has the right, and in certain circumstances the obligation, to exchange a Class B Unit on a one-for-one basis (subject to adjustment from time to time) for, at the option of the Issuer, (i) a share of Class A Common Stock of the Issuer or (ii) an equivalent value of cash in limited circumstances; and (b) upon such an exchange, the Issuer will cancel and retire, for no consideration, the paired share of Class B Common Stock.

Remarks:

Exhibit List Exhibit 24: Limited Power of Attorney (Section 16 Reporting)