Julie Adelman - May 2, 2022 Form 3 Insider Report for NUSCALE POWER Corp (SMR)

Role
Controller
Signature
Patrick C. Cannon, attorney-in-fact for Julie Adelman
Stock symbol
SMR
Transactions as of
May 2, 2022
Transactions value $
$0
Form type
3
Date filed
5/11/2022, 06:33 PM
Next filing
Jul 11, 2022

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 Employee Stock Option (right to buy) May 2, 2022 Class A Common Stock 23.5K $0.64 Direct F1
holding SMR Employee Stock Option (right to buy) May 2, 2022 Class A Common Stock 13.9K $3.24 Direct F2
holding SMR Employee Stock Option (right to buy) May 2, 2022 Class A Common Stock 15.6K $3.41 Direct F3
holding SMR Employee Stock Option (right to buy) May 2, 2022 Class A Common Stock 13K $6.41 Direct F4
holding SMR Employee Stock Option (right to buy) May 2, 2022 Class A Common Stock 10.4K $9.53 Direct F5
holding SMR Paired Interests May 2, 2022 Class A Common Stock 8.66K By husband F6, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The option became exercisable for 25% of the shares on September 1, 2014, and for 1/48th of the shares at the end of each one-month period thereafter, so that the option became fully exercisable on September 1, 2017.
F2 The option became exercisable for 25% of the shares on August 1, 2016, and for 1/48th of the shares at the end of each one-month period thereafter, so that the option became fully exercisable on August 1, 2019.
F3 The option became exercisable for 25% of the shares on March 1, 2018, and for 1/48th of the shares at the end of each one-month period thereafter, so that the option became fully exercisable on March 1, 2021.
F4 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.
F5 The option will become exercisable for 25% of the shares on January 4, 2023, 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 January 4, 2026.
F6 The term "Paired Interests" is used herein to refer to the economic, non-voting Class B Units of NuScale Power, LLC ("Class B Units") and an equal number of paired shares of non-economic, voting Class B Common Stock of the Issuer ("Class B Common Stock"). Pursuant to and subject to the applicable terms and conditions of the limited liability company agreement of NuScale Power, LLC or the certificate of incorporation of the Issuer (each as amended from time to time): (a) the holder of Class B Units has the right, and in certain circumstances the obligation, to exchange a Class B Unit on a one-for-one basis (subject to adjustment from time to time) for, at the option of the Issuer, (i) a share of Class A Common Stock of the Issuer or (ii) an equivalent value of cash in limited circumstances; and (b) upon such an exchange, the Issuer will cancel and retire, for no consideration, the paired share of Class B Common Stock.
F7 The reporting person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.