[144] NUSCALE POWER Corp SEC Filing

Rhea-AI Filing Summary

NuScale Power Corp reported a proposed sale under Rule 144 of 15,000,000 shares of Class A common stock through Goldman, Sachs & Co. LLC, with an aggregate market value of $585,000,000. The shares were acquired on 08/12/2025 in exchange for Class B common units of NuScale Power, LLC and the filing indicates an approximate sale date of 09/16/2025 on the NYSE. The filing states there were 133,898,376 shares outstanding, and the seller reports no sales of issuer securities in the past three months. The notice includes the standard representation that the seller is unaware of undisclosed material adverse information.

Insights

Financial Analyst

TL;DR: A large potential secondary sale equal to a significant percentage of outstanding shares could affect supply and near-term market liquidity.

The filer intends to sell 15,000,000 Class A shares valued at $585 million, representing a substantial block relative to 133.9 million shares outstanding. This transaction was not a cash purchase but an exchange of Class B common units on 08/12/2025. The planned sale through a major broker (Goldman Sachs) and the one-month gap between acquisition and approximate sale date are notable. For investors, the size and method of acquisition are material facts; however, the filing does not disclose the seller's identity or any hedging/trading plan details.

Corporate Governance Expert

TL;DR: The filing documents a sizable disposition under Rule 144 following a unit-for-stock exchange, raising governance and insider-limitation considerations.

The shares were acquired via exchange from the issuer on 08/12/2025 and are proposed for sale under Rule 144. The filing includes the required representation regarding material non-public information and notes no sales in the prior three months. The disclosure is procedurally appropriate but lacks specifics about the holder's relationship to the issuer or any trading plan adoption date, which limits assessment of compliance with insider trading safeguards.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Class A Common Stock	Goldman, Sachs & Co. LLC 200 West St. New York NY 10282	15000000	585000000	133898376	09/16/2025	NYSE

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Class A Common Stock	08/12/2025	Pursuant to the exchange of Class B common units of NuScale Power, LLC	Issuer			15000000	08/12/2025	Exchange of Class B common units

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Nothing to Report

144: Remarks and Signature

Remarks

Date of Notice

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)