Filing Details
- Accession Number:
- 0001822966-23-000084
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2023-05-04 15:53:04
- Reporting Period:
- 2022-11-22
- Accepted Time:
- 2023-05-04 15:53:04
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 1822966 | Nuscale Power Corp | SMR | Fabricated Plate Work (Boiler Shops) (3443) | 852715384 |
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1912965 | Jr N Jose Reyes | 6650 Sw Redwood Lane, Suite 210 Portland OR 97224 | Chief Technology Officer | No | Yes | No | No |
Reported Non-Derivative Transactions
| Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|---|---|---|---|---|---|
| Class A Common Stock | Acquisiton | 2022-11-22 | 151,203 | $10.92 | 151,203 | No | 4 | C | Indirect | By Donna Jean Reyes Trust, dated August 2, 2011 |
| Class A Common Stock | Acquisiton | 2023-05-02 | 242,480 | $3.24 | 433,930 | No | 4 | M | Indirect | By Jose N. Reyes, Jr. Trust, dated August 2, 2021 |
| Class A Common Stock | Disposition | 2023-05-02 | 100,000 | $8.07 | 333,930 | No | 4 | S | Indirect | By Jose N. Reyes, Jr. Trust, dated August 2, 2021 |
| Class A Common Stock | Acquisiton | 2023-05-02 | 32,679 | $8.54 | 366,609 | No | 4 | M | Indirect | By Jose N. Reyes, Jr. Trust, dated August 2, 2021 |
| Class A Common Stock | Disposition | 2023-05-03 | 72,724 | $7.90 | 293,885 | No | 4 | S | Indirect | By Jose N. Reyes, Jr. Trust, dated August 2, 2021 |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | C | Indirect | By Donna Jean Reyes Trust, dated August 2, 2011 |
| No | 4 | M | Indirect | By Jose N. Reyes, Jr. Trust, dated August 2, 2021 |
| No | 4 | S | Indirect | By Jose N. Reyes, Jr. Trust, dated August 2, 2021 |
| No | 4 | M | Indirect | By Jose N. Reyes, Jr. Trust, dated August 2, 2021 |
| No | 4 | S | Indirect | By Jose N. Reyes, Jr. Trust, dated August 2, 2021 |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Class B Common Stock | Paired Interests | Acquisiton | 2022-11-22 | 151,203 | $0.00 | 151,203 | $0.00 |
| Class A Common Stock | Employee Stock Option (right to buy) | Disposition | 2023-05-02 | 242,480 | $0.00 | 242,480 | $3.24 |
| Class A Common Stock | Restricted Stock Unit | Disposition | 2023-05-02 | 32,679 | $0.00 | 32,679 | $0.00 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 151,203 | No | 4 | C | Indirect | ||
| 0 | 2019-08-01 | 2026-02-19 | No | 4 | M | Indirect |
| 146,788 | No | 4 | M | Direct |
Footnotes
- The shares sold are to cover the stock option exercise costs and tax withholdings in conjunction with the exercise of 242,480 options granted on 2/19/2016. The balance of unsold share are held as Class A. Shares.
- The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $7.91 to $8.34, 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.
- The shares sold are to cover the stock option exercise costs and tax withholdings in conjunction with the exercise of 242,480 options granted on 2/19/2016 and the Restricted Stock Units that vested on 5/2/2023. The balance of unsold share are held as Class A. Shares.
- The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $7.75 to $8.22, 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.
- The conversion price of $10.92 is determined on the date of transaction, November 22, 2022.
- Continental Stock Transfer and Trust Company was notified November 15, 2022, to issue shares of Class A Common Stock for each share of Class B Common Stock, the shares consitute free trade shares.
- Restricted stock units convert into common stock on a one for one basis.
- On July 8, 2022, the reporting person was granted 98,039 restricted stock units, vesting in three equal installments beginning on the first anniversary of the merger on May 2, 2023.
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