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NuScale Power (NYSE: SMR) COO sells shares to cover RSU tax bill

Filing Impact
(Moderate)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

NuScale Power Corp Chief Operating Officer Carl M. Fisher settled 42,625 Restricted Stock Units into Class A Common Stock on August 4, 2026, tied to a 127,875-unit award granted August 4, 2023. On August 5, 2026, he sold 18,771 shares at $9.362 per share to cover tax withholding via a "sell to cover" transaction.

Positive

  • None.

Negative

  • None.
Insider Fisher Carl M.
Role Chief Operating Officer
Sold 18,771 shs ($176K)
Approx. gross sale proceeds $176K
Approx. exercise cost $0.00
Type Security Shares Price Value
Sale Class A Common Stock F1 18,771 $9.362 $176K
Exercise Restricted Stock Unit F2, F3 42,625 $0.00 $0.00
Exercise Class A Common Stock 42,625 $0.00 $0.00
Holdings After Transaction: Restricted Stock Unit — 0 shares (Direct); Class A Common Stock — 114,718 shares (Direct)
Footnotes (3)
  1. F1. 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.
  2. F2. Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
  3. F3. On August 4, 2023, the reporting person was granted 127,875 Restricted Stock Units vesting in three equal installments beginning on the first anniversary of the grant date.
Shares sold 18,771 shares Class A Common Stock sale on August 5, 2026 to cover tax withholding
Sale price $9.362 per share Price received for 18,771 NuScale Class A shares sold August 5, 2026
RSUs settled 42,625 units Restricted Stock Units converted into Class A Common Stock on August 4, 2026
RSU grant size 127,875 units Restricted Stock Units granted August 4, 2023, vesting in three equal installments
Restricted Stock Unit financial
"On August 4, 2023, the reporting person was granted 127,875 Restricted Stock Units"
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
sell to cover financial
"sales were to satisfy tax withholding obligations to be funded by a "sell to cover" transaction"
Sell to cover is when a person who receives company stock through options or awards sells just enough shares immediately to pay required taxes, exercise costs, or fees, keeping the rest. Think of it like cashing part of a bonus to cover the tax bill so you can keep the remainder. For investors, it can create predictable small selling pressure and slightly change the number of shares actually held by insiders without increasing long‑term dilution.
tax withholding obligations financial
"shares sold by the Reporting Person to cover tax withholding obligations in connection with the vesting"

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

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Form 4 Insider Transactions: What Each Field Means →

FAQ

What insider transactions did NuScale Power (SMR) COO Carl M. Fisher report?
Carl M. Fisher reported settling 42,625 Restricted Stock Units into Class A Common Stock on August 4, 2026 and selling 18,771 shares on August 5, 2026 at $9.362 per share in connection with tax withholding.

How many NuScale Power (SMR) shares did Carl Fisher sell and at what price?
Carl M. Fisher sold 18,771 shares of NuScale Power Class A Common Stock at an average price of $9.362 per share on August 5, 2026, according to the reported insider transaction data.

Why did NuScale Power (SMR) COO Carl Fisher sell 18,771 shares?
The 18,771-share sale was executed to cover tax withholding obligations arising from the vesting and settlement of Restricted Stock Units, funded through a “sell to cover” transaction as described in the transaction footnote.

What RSU award is linked to Carl Fisher’s NuScale Power (SMR) transactions?
The RSU activity relates to a grant of 127,875 Restricted Stock Units awarded on August 4, 2023, which vests in three equal installments beginning on the first anniversary of the grant date, with each unit convertible into one Class A share.

What does each Restricted Stock Unit represent in NuScale Power (SMR)’s plan?
Each Restricted Stock Unit reported for NuScale Power represents a contingent right to receive one share of Class A Common Stock, meaning settled RSUs convert on a one-for-one basis into the company’s Class A shares upon vesting.

Were Carl Fisher’s NuScale Power (SMR) share sales under a Rule 10b5-1 plan?
The transactions are described as “sell to cover” sales to satisfy tax withholding on RSU vesting, and the Rule 10b5‑1 checkbox is not marked as affirming a trading plan in the reported data.
SEC Form 4
FORM 4UNITED 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
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
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*
Fisher Carl M.
(Last)(First)(Middle)
1100 NE CIRCLE BLVD., SUITE 350
(Street)
CORVALLIS OREGON 97330
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
NUSCALE POWER Corp [ SMR ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
Chief Operating Officer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
08/04/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
CodeVAmount(A) or (D)Price
Class A Common Stock08/04/2026M42,625A$0133,489D
Class A Common Stock08/05/2026S18,771(1)D$9.362114,718D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Stock Unit$0(2)08/04/2026M42,625 (3) (3)Class A Common Stock42,625$00D
Explanation of Responses:
1. 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.
2. Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
3. On August 4, 2023, the reporting person was granted 127,875 Restricted Stock Units vesting in three equal installments beginning on the first anniversary of the grant date.
Remarks:
Patrick C. Cannon, attorney-in-fact for Carl M. Fisher08/06/2026
** Signature of Reporting PersonDate
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.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR