NuScale director granted 3,681 phantom stock units

BOECKMANN ALAN L reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

BOECKMANN ALAN L reported acquisition or exercise transactions in this Form 4 filing.

NuScale Power director Alan L. Boeckmann received 3,681 shares of phantom stock as a compensation grant. The award was made in lieu of quarterly cash fees under the company’s Deferred Compensation Plan for Non-Employee Directors. Each phantom share represents the right to receive one share of Class A Common Stock, payable when he leaves board service. After this grant, his reported total, including prior phantom stock awards and 76,667 Class A shares, is 92,499.

Insider Trade Summary

Grant/Award: 3,681 shares

Grant/Award 1 txn

Insider BOECKMANN ALAN L

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Class A Common Stock	3,681	$0.00	$0.00

Holdings After Transaction: Class A Common Stock — 92,499 shares (Direct)

Footnotes (2)

1. F1. In lieu of quarterly cash fees, 3,681 shares of phantom stock were granted on June 30, 2026, to the reporting person. Pursuant to the issuer's Deferred Compensation Plan for Non-Employee Directors, the reporting person elected to defer settlement of the underlying shares of Class A Common Stock. Each share of phantom stock represents the right to receive one share of Class A Common Stock. The phantom stock becomes payable upon the reporting person's separation from service with the issuer.
2. F2. The reported transaction involved the reporting person's receipt of a grant of phantom stock under the issuer's Deferred Compensation Plan for Non-Employee Directors. The reporting person has reported prior grants of phantom stock in Table II of Form 4. The total reported in Column 5 includes the 3,681 newly granted shares of phantom stock, 3,470 shares of phantom stock previously reported in Table II, 8,681 shares of phantom stock previously reported in Table I, and 76,667 shares of Class A Common Stock previously reported in Table I.

Key Figures

Phantom stock grant: 3,681 shares Total holdings after grant: 92,499 shares/units Previously reported phantom stock (Table II): 3,470 shares +3 more

6 metrics

Phantom stock grant 3,681 shares Granted June 30, 2026 in lieu of quarterly cash fees

Total holdings after grant 92,499 shares/units Column 5 total after including new and prior phantom stock and Class A shares

Previously reported phantom stock (Table II) 3,470 shares Phantom stock grants reported earlier in Table II of Form 4

Previously reported phantom stock (Table I) 8,681 shares Phantom stock previously reported in Table I of Form 4

Previously reported Class A Common Stock 76,667 shares Class A Common Stock previously reported in Table I

Grant price per phantom share $0.0000 per share Compensation grant with no cash price; equity-based award

Key Terms

phantom stock, Deferred Compensation Plan for Non-Employee Directors, Class A Common Stock, separation from service

4 terms

phantom stock financial

"3,681 shares of phantom stock were granted on June 30, 2026, to the reporting person."

A phantom stock is a form of compensation that gives employees or executives the benefits of stock ownership, such as the increase in stock value, without actually giving them real shares. It acts like a promise to pay the employee the equivalent value of company stock later, often as a bonus or incentive. This allows companies to motivate and reward staff without diluting ownership or transferring actual shares.

Deferred Compensation Plan for Non-Employee Directors financial

"Pursuant to the issuer's Deferred Compensation Plan for Non-Employee Directors, the reporting person elected to defer settlement"

Class A Common Stock financial

"Each share of phantom stock represents the right to receive one share of Class A Common Stock."

Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.

separation from service financial

"The phantom stock becomes payable upon the reporting person's separation from service with the issuer."

FAQ

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

What did NuScale Power (SMR) director Alan Boeckmann report on this Form 4?

Alan Boeckmann reported receiving 3,681 shares of phantom stock as a compensation grant. These were granted instead of quarterly cash fees under NuScale Power’s Deferred Compensation Plan for Non-Employee Directors and increase his total reported holdings to 92,499 shares and phantom units.

Is the NuScale Power (SMR) Form 4 transaction a stock purchase or sale?

The Form 4 shows a grant of phantom stock, not an open-market purchase or sale. Code A reflects a grant or award, providing deferred equity-based compensation rather than a cash transaction in NuScale Power Class A Common Stock.

How many NuScale Power (SMR) phantom stock units did Alan Boeckmann receive?

He received 3,681 phantom stock units on June 30, 2026. Each phantom unit corresponds to the right to receive one share of NuScale Power Class A Common Stock under the non-employee director deferred compensation plan.

When will Alan Boeckmann receive NuScale Power (SMR) shares from this phantom stock grant?

The phantom stock becomes payable when he separates from service with NuScale Power. At that time, each phantom stock unit entitles him to receive one share of Class A Common Stock, according to the plan’s terms.

What are Alan Boeckmann’s total reported NuScale Power (SMR) holdings after this Form 4?

Column 5 of the Form 4 reports 92,499 total units and shares after the transaction. This includes 3,681 newly granted phantom shares, earlier phantom stock awards, and 76,667 shares of NuScale Power Class A Common Stock previously reported.

What is NuScale Power’s Deferred Compensation Plan for Non-Employee Directors?

It allows non-employee directors to receive phantom stock instead of cash fees and to defer settlement. Each phantom share represents the right to one Class A Common Stock share, generally paid when the director leaves board service with NuScale Power.

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

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Accepted by SEC EDGAR 07/01/2026 - 04:14 PM Learn about SEC filing dates

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

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^*

BOECKMANN ALAN L

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/30/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form 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)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	06/30/2026		A		3,681(1)	A	$0	92,499(2)	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. In lieu of quarterly cash fees, 3,681 shares of phantom stock were granted on June 30, 2026, to the reporting person. Pursuant to the issuer's Deferred Compensation Plan for Non-Employee Directors, the reporting person elected to defer settlement of the underlying shares of Class A Common Stock. Each share of phantom stock represents the right to receive one share of Class A Common Stock. The phantom stock becomes payable upon the reporting person's separation from service with the issuer.

2. The reported transaction involved the reporting person's receipt of a grant of phantom stock under the issuer's Deferred Compensation Plan for Non-Employee Directors. The reporting person has reported prior grants of phantom stock in Table II of Form 4. The total reported in Column 5 includes the 3,681 newly granted shares of phantom stock, 3,470 shares of phantom stock previously reported in Table II, 8,681 shares of phantom stock previously reported in Table I, and 76,667 shares of Class A Common Stock previously reported in Table I.

Remarks:

	Patrick C. Cannon, attorney-in-fact for Alan L. Boeckmann	07/01/2026
	** 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.
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)