FLUOR CORP - 21 Nov 2025 Form 4 Insider Report for NUSCALE POWER Corp (SMR)

Role: Director, 10%+ Owner
Signature: /s/ Kevin B. Hammonds, Executive Vice President, Chief Legal Officer and Corporate Secretary
Issuer symbol: SMR
Transactions as of: 21 Nov 2025
Net transactions value: $0
Form type: 4
Filing time: 25 Nov 2025, 18:09:55 UTC
Previous filing: 07 Nov 2025
Next filing: 17 Feb 2026
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
FLUOR CORP	Director, 10%+ Owner	6700 LAS COLINAS BLVD., IRVING	/s/ Kevin B. Hammonds, Executive Vice President, Chief Legal Officer and Corporate Secretary	25 Nov 2025	0001124198

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SMR	Class A Common Stock	Conversion of derivative security		+463,747	+0.42%		111,400,219	21 Nov 2025	See footnote	F1, F2

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
transaction	SMR	Class B Units and Class B Common Stock	Conversion of derivative security		-463,747	-100%		0	21 Nov 2025	Class A Common Stock	463,747		See footnote	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Each Class B unit of NuScale Power, LLC, an Oregon limited liability company and a wholly owned subsidiary of the Issuer ("Class B Units"), together with one share of Class B common stock, par value $0.0001 per share, of the Issuer ("Class B Common Stock"), is exchangeable into one share of Class A common stock, par value $0.0001 per share, of the Issuer ("Class A Common Stock") with no expiration date.
F2	110,936,472 shares of Class A Common Stock are beneficially owned by Fluor Enterprises, Inc., which is a wholly owned subsidiary of Fluor Corporation, whose principal place of business is 6700 Las Colinas Boulevard, Irving, Texas 75039. 463,747 shares of Class A Common Stock are beneficially by NuScale Holdings Corp., which is majority owned by Fluor Enterprises, Inc.

Content

Each Class B unit of NuScale Power, LLC, an Oregon limited liability company and a wholly owned subsidiary of the Issuer ("Class B Units"), together with one share of Class B common stock, par value $0.0001 per share, of the Issuer ("Class B Common Stock"), is exchangeable into one share of Class A common stock, par value $0.0001 per share, of the Issuer ("Class A Common Stock") with no expiration date.

110,936,472 shares of Class A Common Stock are beneficially owned by Fluor Enterprises, Inc., which is a wholly owned subsidiary of Fluor Corporation, whose principal place of business is 6700 Las Colinas Boulevard, Irving, Texas 75039. 463,747 shares of Class A Common Stock are beneficially by NuScale Holdings Corp., which is majority owned by Fluor Enterprises, Inc.