Rudy Murgo - 12 Jun 2023 Form 4 Insider Report for NUSCALE POWER Corp (SMR)

Role
Treasurer
Signature
Patrick C. Cannon, attorney-in-fact for Rudolph Murgo
Issuer symbol
SMR
Transactions as of
12 Jun 2023
Net transactions value
-$5,038
Form type
4
Filing time
14 Jun 2023, 14:38:27 UTC
Previous filing
18 May 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SMR Class A Common Stock Options Exercise $2,314 +361 +3.3% $6.41 11,199 12 Jun 2023 Direct
transaction SMR Class A Common Stock Options Exercise $2,314 +361 +3.2% $6.41 11,560 12 Jun 2023 Direct
transaction SMR Class A Common Stock Sale $5,038 -638 -5.5% $7.90 10,922 12 Jun 2023 Direct F1

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 Employee Stock Option (right to buy) Options Exercise $2,314 -361 -9.1% $6.41 3,608 12 Jun 2023 Class A Common Stock 361 $6.41 Direct F2
transaction SMR Employee Stock Option (right to buy) Options Exercise $2,314 -361 -3.4% $6.41 10,104 12 Jun 2023 Class A Common Stock 361 $6.41 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $7.89 to $8.10, inclusive. The reporting person undertakes to provide to NuScale Power Corporation, any security holder of NuScale Power Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
F2 The option became exercisable for 25% of the shares on April 1, 2021, and for 1/48th of the shares at the end of each one-month period thereafter, so that the option will become fully exercisable on April 1, 2024.
F3 The option became exercisable for 25% of the shares on November 1, 2022, and for 1/48th of the shares at the end of each one-month period thereafter, so that the option will become fully exercisable on November 1, 2025.