Dale Atkinson - 02 May 2022 Form 3 Insider Report for NUSCALE POWER Corp (SMR)

Role: Chief Operating Officer
Signature: Patrick C. Cannon, attorney-in-fact for Dale Atkinson
Issuer symbol: SMR
Transactions as of: 02 May 2022
Net transactions value: $0
Form type: 3
Filing time: 12 May 2022, 14:19:54 UTC
Next filing: 15 Feb 2023
SEC: View on sec.gov

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)							02 May 2022	Class A Common Stock	242,480	$0.7000	Direct	F1
holding	SMR	Employee Stock Option (right to buy)							02 May 2022	Class A Common Stock	207,840	$3.24	Direct	F2
holding	SMR	Employee Stock Option (right to buy)							02 May 2022	Class A Common Stock	600,449	$3.41	Direct	F3
holding	SMR	Employee Stock Option (right to buy)							02 May 2022	Class A Common Stock	190,866	$6.41	Direct	F4
holding	SMR	Paired Interests							02 May 2022	Class A Common Stock	56,369		Direct	F5

* 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 July 1, 2015, and for 1/48th of the shares at the end of each one-month period thereafter, so that the option became fully exercisable on July 1, 2018
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 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.