BH Investment & Liberty Ltd. - May 2, 2022 Form 3 Insider Report for NUSCALE POWER Corp (SMR)

Role
10%+ Owner
Signature
By: /s/ Dae Seok Bae for BH Investment and Liberty Ltd. Name: Dae Seok Bae Title: Director
Stock symbol
SMR
Transactions as of
May 2, 2022
Transactions value $
$0
Form type
3
Date filed
5/16/2022, 06:08 PM

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 Class B Common Stock May 2, 2022 Class A Common Stock 4.24M See footnote F1, F2, F5
holding SMR Class B Common Stock May 2, 2022 Class A Common Stock 372K See footnote F1, F3, F5
holding SMR Class B Common Stock May 2, 2022 Class A Common Stock 4.51M See footnote F1, F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each share of Class B common stock, par value $0.0001 per share ("Class B Common Stock"), of NuScale Power Corporation (the "Issuer") when paired with one Class B Unit of NuScale Power, LLC, may be exchanged at the holder's election for one share of Class A common stock, par value $0.0001 per share of the Issuer.
F2 Consists of 4,241,765 shares of Class B Common Stock directly held by Next Tech 1 New Technology Investment Fund ("Next Tech 1"). BH Investment and Liberty Ltd. ("BHI") is, together with IBK Securities Co., Ltd. ("IBKS"), the co-general partner of Next Tech 1 with the right to vote or dispose of the shares of Class B Common Stock held by Next Tech 1. BHI disclaims any beneficial ownership of the securities held by Next Tech 1 other than to the extent of any pecuniary interest it may have therein, directly or indirectly.
F3 Consists of 372,420 shares of Class B Common Stock directly held by Next Tech 2 New Technology Investment Fund ("Next Tech 2"). BHI is, together with IBKS, the co-general partner of Next Tech 2 with the right to vote or dispose of the shares of Class B Common Stock held by Next Tech 2. BHI disclaims any beneficial ownership of the securities held by Next Tech 2 other than to the extent of any pecuniary interest it may have therein, directly or indirectly.
F4 Consists of 4,512,729 shares of Class B Common Stock directly held by Next Tech 3 New Technology Investment Fund ("Next Tech 3"). BHI is, together with SB Partners Co., Ltd. and SAC Partners Co., Ltd., the co-general partner of Next Tech 3 with the right to vote or dispose of the shares of Class B Common Stock held by Next Tech 3. BHI disclaims any beneficial ownership of the securities held by Next Tech 3 other than to the extent of any pecuniary interest it may have therein, directly or indirectly.
F5 Dae Seok Bae is the sole controlling person of BHI, and therefore is deemed to share beneficial ownership of the shares of Class B Common Stock held by Next Tech 1, Next Tech 2 and Next Tech 3. Dae Seok Bae disclaims any beneficial ownership of the securities held by Next Tech 1, Next Tech 2 and Next Tech 3 other than to the extent of any pecuniary interest he may have therein, directly or indirectly.

Remarks:

See Exhibit 99.1 - Joint Filer Information, which is incorporated herein by reference and describes in further detail the relationships of the Reporting Persons to the Issuer.