NuScale Power (SMR) CTO reports RSU grant and tax sell-to-cover trade
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
NuScale Power Chief Technology Officer Jose N. Reyes Jr. reported multiple equity compensation events. On February 28, 2026, he received a grant of 89,494 restricted stock units, which vest annually in three installments beginning on the grant anniversary.
On March 2, 2026, previously granted restricted stock units were exercised and converted into Class A common stock on a one-for-one basis, with shares held indirectly through the Jose N. Reyes, Jr. Trust dated August 2, 2021. The trust then sold 25,951 Class A shares at $12.22 per share in an open-market transaction solely to cover tax withholding obligations through a “sell to cover” arrangement.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 25,951 shares ($317,121)
Net Sell
8 txns
Insider
Reyes Jose N Jr
Role
Chief Technology Officer
Sold
25,951 shs ($317K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit | 26,640 | $0.00 | -- |
| Exercise | Restricted Stock Unit | 31,250 | $0.00 | -- |
| Exercise | Restricted Stock Unit | 15,512 | $0.00 | -- |
| Exercise | Class A Common Stock | 26,640 | $0.00 | -- |
| Exercise | Class A Common Stock | 31,250 | $0.00 | -- |
| Exercise | Class A Common Stock | 15,512 | $0.00 | -- |
| Sale | Class A Common Stock | 25,951 | $12.22 | $317K |
| Grant/Award | Restricted Stock Unit | 89,494 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Unit — 0 shares (Direct);
Class A Common Stock — 247,270 shares (Indirect, By Jose N. Reyes, Jr. Trust, dated August 2, 2021)
Footnotes (1)
- Restricted Stock Units convert into Class A Common stock on a one-for-one basis. The sales reported on this Form 4 represent shares sold by the Reporting Person to cover tax withholding obligations in connection with the vesting and settlement of restricted stock units. The sales were to satisfy tax withholding obligations to be funded by a "sell to cover" transaction. On February 28, 2023, the reporting person was granted 79,922 restricted stock units, vesting annually in three installments beginning on the anniversary of the grant date. On February 28, 2024, the reporting person was granted 93,750 restricted stock units, vesting annually in three installments beginning on the anniversary of the grant date. On February 28, 2025, the reporting person was granted 46,538 restricted stock units, vesting annually in three installments beginning on the anniversary of the grant date. On February 28, 2026, the reporting person was granted 89,494 restricted stock units, vesting annually in three installments beginning on the anniversary of the grant date.
FAQ
What insider transactions did NuScale Power (SMR) report for Jose N. Reyes Jr.?
The filing shows equity compensation activity for CTO Jose N. Reyes Jr., including RSU grants, conversions into Class A common stock, and a related sale of 25,951 shares at $12.22 per share executed to cover tax withholding obligations via a sell-to-cover transaction.
Was the NuScale Power (SMR) insider sale a discretionary sale or for taxes?
The sale was for tax purposes. The filing states that shares sold by the Jose N. Reyes, Jr. Trust represented a sell-to-cover transaction to fund tax withholding obligations arising from the vesting and settlement of restricted stock units previously granted to the company’s Chief Technology Officer.
What new restricted stock units did NuScale Power (SMR) grant to its CTO?
On February 28, 2026, NuScale granted 89,494 restricted stock units to Chief Technology Officer Jose N. Reyes Jr. The award vests annually in three installments beginning on the anniversary of the grant date, aligning compensation with continued service and long-term equity ownership.
How do NuScale Power (SMR) restricted stock units convert into common stock?
The footnotes explain that NuScale restricted stock units convert into Class A common stock on a one-for-one basis. As RSUs vest, they settle into equivalent shares, which may then be held directly or through entities such as the Jose N. Reyes, Jr. Trust referenced in this filing.