Form 4 for SMR NUSCALE POWER Corp
Accepted 2023-05-04 00:00:00 ET · period of report 2022-11-22 · accession 0001822966-23-000084 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DI | 2023-05-04 | 2022-11-22 | SMR | Reyes Jose N Jr | CTO | C - Cnv Deriv | $10.92 | +151.2K | 151.2K | New | +$1.65M |
| DMI | 2023-05-04 | 2023-05-02+ | SMR | Reyes Jose N Jr | CTO | S - Sale+OE | $8.00 | -172.7K | 293.9K | -37% | -$1.38M |
| DMI | 2023-05-04 | 2023-05-02 | SMR | Reyes Jose N Jr | CTO | M - OptEx | $3.87 | +275.2K | 433.9K | +173% | +$1.06M |
| D | 2023-05-04 | 2023-05-02 | SMR | Reyes Jose N Jr | CTO | M - OptEx | $0.00 | -32.7K | 146.8K | -18% | $0 |
| DI | 2023-05-04 | 2023-05-02 | SMR | Reyes Jose N Jr | CTO | M - OptEx | $0.00 | -242.5K | 0 | -100% | $0 |
| DI | 2023-05-04 | 2022-11-22 | SMR | Reyes Jose N Jr | CTO | C - Cnv Deriv | $0.00 | +151.2K | 151.2K | New | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Class A Common Stock | 2022-11-22 | C | A | 151,203 | $10.92 | 151,203 | I By Donna Jean Reyes Trust, dated August 2, 2011 | — | — | |
| 2 | Common | Class A Common Stock | 2023-05-02 | S | D | 100,000 | $8.07 | 333,930 | I By Jose N. Reyes, Jr. Trust, dated August 2, 2021 | — | — | (F1) 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. (F2) 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. |
| 3 | Common | Class A Common Stock | 2023-05-02 | M | A | 32,679 | $8.54 | 366,609 | I By Jose N. Reyes, Jr. Trust, dated August 2, 2021 | — | — | |
| 4 | Common | Class A Common Stock | 2023-05-03 | S | D | 72,724 | $7.90 | 293,885 | I By Jose N. Reyes, Jr. Trust, dated August 2, 2021 | — | — | (F3) 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. (F4) 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. |
| 5 | Common | Class A Common Stock | 2023-05-02 | M | A | 242,480 | $3.24 | 433,930 | I By Jose N. Reyes, Jr. Trust, dated August 2, 2021 | — | — | |
| 6 | Derivative | Restricted Stock Unit | 2023-05-02 | M | D | 32,679 | $0.00 | 146,788 | D | — · — to — | 32,679 Class A Common Stock | (F7) Restricted stock units convert into common stock on a one for one basis. (F8) 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. |
| 7 | Derivative | Employee Stock Option (right to buy) | 2023-05-02 | M | D | 242,480 | $0.00 | 0 | I By Jose N. Reyes, Jr. Trust, dated August 2, 2021 | $3.24 · 2019-08-01 to 2026-02-19 | 242,480 Class A Common Stock | |
| 8 | Derivative | Paired Interests | 2022-11-22 | C | A | 151,203 | $0.00 | 151,203 | I By Donna Jean Reyes Trust, dated August 2, 2021 | — · — to — | 151,203 Class B Common Stock | (F5) The conversion price of $10.92 is determined on the date of transaction, November 22, 2022. (F6) 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. |