[Form 4] FLUOR CORP Insider Trading Activity

Rhea-AI Filing Summary

Fluor Corporation reported multiple sales of its Class A common stock on 10/07/2025 and 10/08/2025

Aggregate dispositions total 908,761 shares executed across several price ranges with weighted average reported prices between $39.09 and $43.20. The shares are owned of record by Fluor Enterprises, Inc., a wholly owned subsidiary of Fluor Corporation, and the filings show the reported beneficial ownership position for that record holder fell to 0 shares after the final sale on 10/08/2025.

Positive

• None.

Negative

• Aggregate sale of 908,761 Class A shares across 10/07/2025–10/08/2025.
• Reported beneficial ownership for Fluor Enterprises, Inc. fell to 0 shares following the final sale on 10/08/2025.
• Sales executed across multiple price bands with weighted-average prices reported between $39.09 and $43.20, indicating staged dispositions rather than a single trade.

Insights

Corporate Governance Analyst

Significant affiliate sales reduced reported Fluor Enterprises holdings to zero over two days.

Multiple block sales on 10/07/2025 and 10/08/2025 disposed of a total of 908,761 Class A shares across price ranges from $38.96 to $43.20. The shares were held of record by Fluor Enterprises, Inc., the company’s wholly owned subsidiary, which reported indirect beneficial ownership that declined to 0 shares after the final reported sale.

The primary dependency for interpretation is that the filing shows record ownership by an affiliate rather than an individual insider; the document does not state reasons for the sales. Monitor subsequent filings for any new Form 4/5 or company disclosures within the next few reporting cycles to confirm whether this reflects a permanent disposal or a reclassification of holdings.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

FLUOR CORP

(Last) (First) (Middle)

6700 LAS COLINAS BLVD.

(Street)

IRVING TX 75039

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
NUSCALE POWER Corp [ SMR ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
10/07/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	10/07/2025		S		303,806	D	$39.51(1)	604,955	I	See footnote(2)
Class A Common Stock	10/07/2025		S		249,283	D	$40.61(3)	355,672	I	See footnote(2)
Class A Common Stock	10/07/2025		S		122,184	D	$41.35(4)	233,488	I	See footnote(2)
Class A Common Stock	10/07/2025		S		144,091	D	$42.65(5)	89,397	I	See footnote(2)
Class A Common Stock	10/07/2025		S		1,497	D	$43.13(6)	87,900	I	See footnote(2)
Class A Common Stock	10/08/2025		S		64,875	D	$39.42(7)	23,025	I	See footnote(2)
Class A Common Stock	10/08/2025		S		23,025	D	$40.03(8)	0	I	See footnote(2)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $39.09 to $40.08, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each price within the range set forth in footnotes (1), (3), (4), (5), (6), (7) and (8) to this Form 4.

2. The shares are owned of record by Fluor Enterprises, Inc., which is a wholly owned subsidiary of Fluor Corporation, whose principal place of business is 6700 Las Colinas Blvd., Irving, Texas 75039.

3. The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $40.09 to $41.08, inclusive.

4. The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $41.09 to $42.08, inclusive.

5. The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $42.09 to $43.08, inclusive.

6. The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $43.09 to $43.20, inclusive.

7. The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $38.96 to $39.95, inclusive.

8. The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $39.96 to $40.24, inclusive.

Remarks:

	/s/ Kevin B. Hammonds, Executive Vice President, Chief Legal Officer and Corporate Secretary	10/09/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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FAQ

What did the Form 4 filed for FLR report?

The Form 4 reports multiple sales of Class A common stock by Fluor Enterprises, Inc. on 10/07/2025 and 10/08/2025, totaling 908,761 shares.

How did the ownership position change after the transactions?

The filing shows the record holder, Fluor Enterprises, Inc., had its reported beneficial ownership reduced to 0 shares after the final sale on 10/08/2025.

What price ranges were the shares sold at in the FLR Form 4?

The reported weighted-average prices reflect transactions within ranges from $38.96 to $43.20, with specific weighted averages listed between $39.42 and $43.13 for various blocks.

Who signed the Form 4 for Fluor Corporation?

The Form 4 was signed by Kevin B. Hammonds, Executive Vice President, Chief Legal Officer and Corporate Secretary, on 10/09/2025.

Are these transactions direct or indirect beneficial ownership changes?

The Form 4 indicates the shares were owned of record by an affiliate, so the ownership changes are reported as indirect (I) for Fluor Enterprises, Inc.