Clayton Scott - 28 Feb 2024 Form 4 Insider Report for NUSCALE POWER Corp (SMR)

Signature
Patrick C. Cannon, attorney-in-fact for Clayton Scott
Issuer symbol
SMR
Transactions as of
28 Feb 2024
Net transactions value
-$21,598
Form type
4
Filing time
01 Mar 2024, 16:36:08 UTC
Previous filing
18 May 2023
Next filing
08 Mar 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SMR Class A Common Stock Options Exercise +19,055 +121% 34,793 28 Feb 2024 Direct F1
transaction SMR Class A Common Stock Sale $21,598 -6,929 -20% $3.12 27,864 29 Feb 2024 Direct 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 Restricted Stock Unit Options Exercise $0 -19,055 -33% $0.000000 38,108 28 Feb 2024 Class A Common Stock 19,055 Direct F1, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted stock units convert into common stock on a one-for-one basis.
F2 The sales reported on this Form 4 represent shares sold by the reporting person to cover tax withholding obligations in connection with the vesting and settlement of restricted stock units. The sales were to satisfy tax withholding obligations to be funded by a "sell to cover" transaction.
F3 The restricted stock units were granted February 28, 2023, and vest in three annual installments beginning on the anniversary of the grant date.
F4 Form 4 filed on March 3, 2023, inaccurately reported the number of restricted stock units granted as 58,240. The correct amount acquired was 57,163. The number of remaining derivative securities owned accurately reflects the balance following this grant.