Robert K. Temple - May 2, 2024 Form 4 Insider Report for NUSCALE POWER Corp (SMR)

Role
General Counsel
Signature
Patrick C. Cannon, attorney-in-fact for Robert K. Temple
Stock symbol
SMR
Transactions as of
May 2, 2024
Transactions value $
-$198,095
Form type
4
Date filed
5/6/2024, 06:19 PM
Previous filing
Mar 8, 2024
Next filing
Aug 1, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SMR Class A Common Stock Options Exercise $0 +32.7K +171.52% $0.00 51.7K May 2, 2024 Direct
transaction SMR Class A Common Stock Sale -$53.6K -8.87K -17.15% $6.04 42.9K May 3, 2024 Direct F1
transaction SMR Class A Common Stock Sale -$145K -23.8K -55.54% $6.07 19.1K May 6, 2024 Direct F2, F3

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 -32.7K -50% $0.00 32.7K May 2, 2024 Class A Common Stock 32.7K Direct F4, F5
* 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 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.
F2 Transaction was made pursuant to Reporting Person's 10b5-1 Plan in place with Fidelity.
F3 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $5.83 to $6.29, 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.
F4 Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
F5 On July 8, 2022, the reporting person was granted 98,039 restricted stock units, vesting in three annual installments beginning on May 2, 2023.