Jose N. Reyes Jr - May 2, 2024 Form 4 Insider Report for NUSCALE POWER Corp (SMR)

Signature
Patrick C. Cannon, attorney-in-fact for Jose N. Reyes, Jr.
Stock symbol
SMR
Transactions as of
May 2, 2024
Transactions value $
-$95,287
Form type
4
Date filed
5/6/2024, 06:37 PM
Previous filing
Mar 8, 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 +7.08% $0.00 494K May 2, 2024 By Jose N. Reyes, Jr. Trust, dated August 2, 2021
transaction SMR Class A Common Stock Sale -$95.3K -15.8K -3.19% $6.04 478K May 3, 2024 By Jose N. Reyes, Jr. Trust, dated August 2, 2021 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 Restricted Stock Unit Options Exercise $0 -32.7K -50% $0.00 32.7K May 2, 2024 Class A Common Stock 32.7K Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

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 Restricted stock units convert into common stock on a one for one basis.
F3 On July 8, 2022, the reporting person was granted 98,039 restricted stock units, vesting in three equal installments beginning on May 2, 2023.