NuScale Power (SMR) Form 144: 33,000 Class A Shares Proposed Sale

NuScale Power Corp (SMR) filed a Form 144 notice reporting a proposed sale of 33,000 Class A shares through Fidelity Brokerage Services (900 Salem Street, Smithfield, RI) to be sold on or about 10/01/2025.

Accepted by SEC EDGAR 10/01/2025 - 04:13 PM EDT Learn about SEC filing dates

Rhea-AI Filing Summary

NuScale Power Corp (SMR) filed a Form 144 notice reporting a proposed sale of 33,000 Class A shares through Fidelity Brokerage Services (900 Salem Street, Smithfield, RI) to be sold on or about 10/01/2025. The filing lists an aggregate market value of $1,204,463.70 based on 133,893,376 shares outstanding. The securities reported were acquired as options granted 02/14/2018 and the acquisition and payment dates are shown as 10/01/2025 with payment in cash.

The document also lists a prior sale on 07/01/2025 of 33,000 Class A shares by Jose Reyes Jr. with gross proceeds of $1,287,000.00. The filer attests there is no undisclosed material adverse information and the notice includes the standard Rule 144 representations.

Positive

• Disclosure of broker and sale details (Fidelity listed with address), providing execution clarity
• Specified number of shares and aggregate market value allow investors to gauge transaction size relative to 133,893,376 outstanding shares
• Representation of no undisclosed material information certifies compliance with Rule 144 attestation language

Negative

• Inconsistent dates: the filing shows a prior sale on 07/01/2025 but lists acquisition and proposed sale dates of 10/01/2025, which creates ambiguity
• Filer identification details absent or incomplete in the provided content (CIK/CCC not shown), limiting traceability of the reporting person

Insights

Securities Compliance Analyst

TL;DR: Routine Rule 144 notice for an insider sale, but the filing shows date inconsistencies that merit clarification.

The filing documents a proposed sale of 33,000 Class A shares through a registered broker under Rule 144 and includes the issuer share count and aggregate market value, which are standard disclosure items. The filer represents there is no undisclosed material information, addressing the form's required certification. However, the filing contains conflicting date entries: the acquisition and proposed sale dates are both listed as 10/01/2025 while a prior sale of the same number of shares is shown on 07/01/2025. These inconsistencies could affect the timing and aggregation analysis under Rule 144 and should be clarified with corrected entries or supplemental filing to ensure regulatory completeness.

Corporate Governance Expert

TL;DR: Disclosure is standard and transparent, but timing discrepancies reduce clarity for shareholders and regulators.

The notice provides expected details: broker name, class of security, number of shares, market value, and the issuer share count, enabling investors to see the scale of the proposed sale relative to outstanding shares. The statement that no material nonpublic information exists aligns with compliance expectations. The listing of options granted on 02/14/2018 as the acquisition source is relevant to insider selling analyses. Nonetheless, the apparent mismatch between the listed prior sale date and the acquisition/proposed sale dates suggests recordkeeping or filing errors that the reporting person should correct to preserve governance transparency.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What does the Form 144 filed by NuScale Power (SMR) report?

The Form 144 reports a proposed sale of 33,000 Class A shares through Fidelity with an aggregate market value of $1,204,463.70, and notes an earlier sale of 33,000 shares on 07/01/2025 with gross proceeds of $1,287,000.00.

Who is the broker handling the proposed sale in the SMR Form 144?

The filing lists Fidelity Brokerage Services LLC (900 Salem Street, Smithfield, RI 02917) as the broker for the transaction.

How were the securities acquired according to the filing?

The securities are shown as acquired via options granted on 02/14/2018 with the filing indicating acquisition and payment dates of 10/01/2025 and payment in cash.

How large is the proposed sale relative to outstanding shares?

The proposed 33,000 shares are compared with 133,893,376 shares outstanding as listed in the filing, with an aggregate market value of $1,204,463.70.

Does the filer state there is undisclosed material information?

No. By signing the notice, the person represents they do not know of any material adverse information about the issuer that has not been publicly disclosed.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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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	0001912965
Filer CCC	XXXXXXXX
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer	NUSCALE POWER Corp
SEC File Number	001-39736
Address of Issuer	1100 NE CIRCLE BLVD., SUITE 350 CORVALLIS OREGON 97330
Phone	(971) 371-1592
Name of Person for Whose Account the Securities are To Be Sold	Reyes Jose N Jr
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	Officer

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	Fidelity Brokerage Services LLC 900 Salem Street Smithfield RI 02917	33000	1204463.70	133893376	10/01/2025	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	10/01/2025	Options Granted - 02/14/2018	Issuer			33000	10/01/2025	Cash

* 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

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
Jose Reyes Jr. 1100 NE Circle Blvd. Suite 200 Corvallis OR 97330	Class A	07/01/2025	33000	1287000.00

144: Remarks and Signature

Remarks	Today's sale and the Securities Sold During the Past 3 Months took place in the Jose N Reyes Jr. Trust account in which Jose N Reyes Jr. is trustee.
Date of Notice	10/01/2025
Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1	11/13/2024
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	/s/ Jared Cook, as a duly authorized representative of Fidelity Brokerage Services LLC, as attorney-in-fact for Jose N Reyes Jr
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)