IBK Securities Co., Ltd. - May 2, 2022 Form 3 Insider Report for NUSCALE POWER Corp (SMR)

Role
10%+ Owner
Signature
IBK SECURITIES CO., LTD By: /s/ Kim, Duck Kyun Name: Kim, Duck Kyun Title: Director, Head of Private Equity Division
Stock symbol
SMR
Transactions as of
May 2, 2022
Transactions value $
$0
Form type
3
Date filed
6/3/2022, 04:06 PM
Next filing
Feb 13, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding SMR Class A Common Stock 284K May 2, 2022 Direct F1, F6

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 F2, F3, F6
holding SMR Class B Common Stock May 2, 2022 Class A Common Stock 372K See footnote F2, F4, F6
holding SMR Class B Common Stock May 2, 2022 Class A Common Stock 2.14M See footnote F2, F5, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Consists of 283,860 shares of Class A common stock, par value $0.0001 per share ("Class A Common Stock"), of NuScale Power Corporation (the "Issuer") directly held by IBK Securities Co., Ltd. ("IBKS").
F2 Each share of Class B common stock, par value $0.0001 per share ("Class B Common Stock"), of 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.
F3 Consists of 4,241,765 shares of Class B Common Stock directly held by Next Tech 1 New Technology Investment Fund ("Next Tech 1"). IBKS is, together with BH Investment and Liberty Ltd. ("BHI"), a co-general partner of Next Tech 1. IBKS disclaims any beneficial ownership of the securities held by NextTech 1, other than to the extent of any pecuniary interest it may have therein, directly or indirectly.
F4 Consists of 372,420 shares of Class B Common Stock directly held by Next Tech 2 New Technology Investment Fund ("Next Tech 2"). IBKS is, together with BHI, a co-general partner of Next Tech 2. IBKS disclaims any beneficial ownership of the securities held by NextTech 2, other than to the extent of any pecuniary interest it may have therein, directly or indirectly.
F5 Consists of 2,138,705 shares of Class B Common Stock directly held by NuScale Korea Holdings LLC ("NuScale Korea"). IBKS is the sole general partner of IBKS SME Accelerating Private Equity Fund, which is, together with each of YJA SME M&A Private Equity Fund and Whale No.1 SME M&A Private Equity Fund, a member of NuScale Korea Ltd., which is the sole controlling person of NuScale Korea, with the indirect right to vote or dispose of the shares of Class B Common Stock held by NuScale Korea. IBKS disclaims any beneficial ownership of the securities held by NuScale Korea, other than to the extent of any pecuniary interest it may have therein, directly or indirectly.
F6 Industrial Bank of Korea ("IBK"), as the controlling person of IBKS, and the Republic of Korea Ministry of Economy and Finance ("MOEF"), as the controlling person of IBK, are deemed to be indirect beneficial owners of the shares of Class A Common Stock owned by IBKS, and the shares of Class B Common Stock owned by Next Tech 1, Next Tech 2 and NuScale Korea. IBK and MOEF disclaim any beneficial ownership of the securities held by IBKS, Next Tech 1, Next Tech 2, and NuScale Korea, other than to the extent of any pecuniary interest they may have therein, directly or indirectly.

Remarks:

See Exhibit 24.1 - Power of Attorney