[Form 4] NuScale Power Corporation Insider Trading Activity

Rhea-AI Filing Summary

NuScale Power Corp. (SMR) Form 4 filing: Director Alan L. Boeckmann received 919 Class A common shares on 30 June 2025, issued in lieu of his quarterly director fees.

The shares were booked under transaction code A at a stated price of $39.56 per share, giving the equity payment an approximate value of $36.4 thousand. Following the award, the director’s direct ownership increases to 73,050 shares.

No derivative securities were involved, and the filing was submitted on 2 July 2025. The transaction modestly strengthens insider alignment but is not large enough to materially affect NuScale’s share count or market sentiment.

Positive

• Director ownership increases by 919 shares, suggesting continued alignment with shareholders.
• Equity-based compensation indicates NuScale prefers stock over cash for board remuneration, reinforcing long-term incentives.

Negative

• Immaterial size: the ~US$36k award is too small to signal strong insider conviction or affect supply–demand dynamics.
• Not an open-market purchase; the shares were granted as fees, thus providing limited informational value on the director’s outlook.

Insights

Securities Analyst

TL;DR — Small insider stock grant; alignment positive but financial impact negligible.

The 919-share award represents roughly US$36k and lifts Boeckmann’s direct stake to 73,050 shares. Because it is compensation, not an open-market purchase, it signals routine alignment rather than incremental conviction. The amount is immaterial relative to NuScale’s float and therefore unlikely to influence valuation or liquidity.

Corporate Governance Expert

TL;DR — Equity-based director fee improves incentive alignment, neutral overall.

Paying director fees in equity rather than cash keeps board interests tied to shareholder value, a governance best practice. However, the grant’s size is modest, and it does not reflect additional capital at risk. There are no red flags or unusual features within the filing.

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^*

BOECKMANN ALAN L

(Last) (First) (Middle)

1100 NE CIRCLE BLVD.

SUITE 200

(Street)

CORVALLIS OR 97330

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

3. Date of Earliest Transaction (Month/Day/Year)
06/30/2025

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	06/30/2025		A		919(1)	A	$39.56	73,050	D

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. On June 30, 2025, the reporting person was granted 919 shares of Class A Common Stock in lieu of quarterly director fees.

Remarks:

	Patrick C. Cannon, attorney-in-fact for Alan L. Boeckmann	07/02/2025
	** 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

How many NuScale (SMR) shares did Director Alan L. Boeckmann acquire?

He received 919 Class A common shares on 30 June 2025.

What was the transaction price reported in the Form 4?

The filing lists a price of $39.56 per share.

What is Boeckmann’s total NuScale shareholding after the grant?

His direct ownership is now 73,050 shares.

Was this an open-market purchase?

No. The shares were granted in lieu of quarterly director fees (transaction code A).

When were the transaction and the filing dates?

Transaction date: 30 June 2025; Form 4 filed on 2 July 2025.

Did the filing include any derivative securities?

No derivative securities were reported in Table II.