FLR Form 4: Fluor Enterprises reduces stake by 2.81M shares

Rhea-AI Filing Summary

Fluor Corporation (FLR) reported multiple open-market sales of Class A common stock by its wholly owned subsidiary between 10/02/2025 and 10/06/2025

The filings show a series of dispositions totaling 2,805,017 shares sold across nine transactions at weighted-average prices ranging from $36.98 to $43.96. Beneficial ownership held of record by Fluor Enterprises, Inc. fell from 3,167,494 shares after the earliest block to 908,761 shares following the final reported sale, all reported as indirect ownership. The Form 4 is signed by Fluor's Chief Legal Officer on 10/06/2025 and includes footnotes disclosing price ranges and that Fluor Enterprises, Inc. is a wholly owned subsidiary of Fluor Corporation.

Positive

• Transactions were publicly disclosed via a timely Form 4 signed on 10/06/2025
• Price ranges and weighted-average prices are provided for transparency

Negative

• Indirect beneficial ownership decreased materially from 3,167,494 to 908,761 shares between 10/02/2025 and 10/06/2025
• Large aggregate sales of 2,805,017 shares occurred over a short period, which may be viewed as a significant reduction in insider-held stock

Insights

Corporate Governance Analyst

TL;DR: Significant, multi-day insider disposition reduced indirect holdings materially.

The reporting shows consecutive open-market sales totaling 2,805,017 shares between 10/02/2025 and 10/06/2025, with weighted-average prices disclosed and price ranges provided in footnotes. The shares are held of record by Fluor Enterprises, Inc., a wholly owned subsidiary, and the transactions are reported as indirect beneficial ownership changes.

This pattern is a governance signal: the board-level reporting person (entity-level ownership) materially lowered its recorded stake from 3,167,494 to 908,761 shares during the period. Watch for updated ownership schedules or additional filings within the next reporting cycle that could further clarify intent or continuing dispositions.

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)
10/02/2025

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	10/02/2025		S		256,784	D	$37.45(1)	3,167,494	I	See footnote(2)
Class A Common Stock	10/02/2025		S		381,623	D	$38.54(3)	2,785,871	I	See footnote(2)
Class A Common Stock	10/02/2025		S		225,505	D	$39.33(4)	2,560,366	I	See footnote(2)
Class A Common Stock	10/03/2025		S		255,437	D	$39.28(5)	2,304,929	I	See footnote(2)
Class A Common Stock	10/03/2025		S		459,058	D	$40.19(6)	1,845,871	I	See footnote(2)
Class A Common Stock	10/03/2025		S		83,077	D	$40.9(7)	1,762,794	I	See footnote(2)
Class A Common Stock	10/06/2025		S		398,382	D	$42.02(8)	1,364,412	I	See footnote(2)
Class A Common Stock	10/06/2025		S		418,131	D	$42.67(9)	946,281	I	See footnote(2)
Class A Common Stock	10/06/2025		S		37,520	D	$43.62(10)	908,761	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 $36.98 to $37.97, 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), (8), (9) and (10) 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 $37.98 to $38.97, inclusive.

4. The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $38.98 to $39.59, inclusive.

5. The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $38.69 to $39.68, inclusive.

6. The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $39.69 to $40.68, inclusive.

7. The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $40.69 to $41.25, inclusive.

8. The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $41.33 to $42.32, inclusive.

9. The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $42.33 to $43.32, inclusive.

10. The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $43.33 to $43.96, inclusive.

Remarks:

	/s/ Kevin B. Hammonds, Executive Vice President, Chief Legal Officer and Corporate Secretary	10/06/2025
	** 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).
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FAQ

What did the Form 4 filed for FLR disclose?

It disclosed multiple open-market sales of Class A common stock by Fluor Enterprises, Inc. between 10/02/2025 and 10/06/2025, totaling 2,805,017 shares.

How much did indirect beneficial ownership change for FLR?

Reported indirect ownership moved from 3,167,494 shares after the first sale to 908,761 shares after the final sale on 10/06/2025.

At what prices were the FLR shares sold?

Footnotes report weighted-average prices and ranges across transactions, with prices spanning $36.98 to $43.96.

Who owns the shares of record that were sold?

The shares are owned of record by Fluor Enterprises, Inc., a wholly owned subsidiary of Fluor Corporation, located at the address on the filing.

When was the Form 4 signed and filed?

The filing is signed by Kevin B. Hammonds, Executive Vice President and Chief Legal Officer, with a signature date of 10/06/2025.