Was the NuScale Power (SMR) share sale by Fluor pre-planned?

Yes. A footnote explains that the sale was made pursuant to a previously disclosed agreement. This indicates the 12,936,472-share disposition followed a pre-arranged arrangement rather than being an entirely discretionary or unexpected sale in the open market.

Fluor (NYSE: FLR) unit cuts NuScale Power (SMR) stake with 12.9M-share sale

Filing Impact

(Very High)

Filing Sentiment

(Very Negative)

Form Type

Rhea-AI Filing Summary

Fluor Corporation, through its wholly owned subsidiary Fluor Enterprises, Inc., reported an open-market sale of 12,936,472 shares of NuScale Power Corp (Class A Common Stock) at an average price of $11.6293 per share on April 15, 2026.

After this transaction, Fluor Enterprises, Inc. is shown as beneficially owning 13,500,000 Class A shares. The filing notes that the sale was made pursuant to a previously disclosed agreement, indicating the transaction followed a pre-arranged plan rather than a newly initiated discretionary sale.

Positive

None.

Negative

Fluor Enterprises, Inc. significantly reduced its NuScale stake by selling 12,936,472 Class A shares in an open-market transaction, leaving 13,500,000 shares beneficially owned, which marks a substantial net sell action by a major shareholder.

Insights

Large pre-planned NuScale share sale by Fluor’s subsidiary cuts its stake roughly in half.

Fluor Enterprises, Inc., a wholly owned subsidiary of Fluor Corporation and a significant NuScale holder, executed an open-market sale of 12,936,472 NuScale Class A shares at $11.6293 per share on April 15, 2026.

The transaction is labeled as an open-market sale with code “S” and is disclosed as made pursuant to a previously disclosed agreement, suggesting a pre-arranged disposition rather than a spontaneous trade. After the sale, the filing shows 13,500,000 Class A shares still beneficially owned by Fluor Enterprises, Inc.

This represents a sizable net reduction in the reported position and signals a meaningful shift in one major shareholder’s ownership profile, even though a substantial stake remains. Future ownership levels will depend on any additional transactions under the same agreement or new arrangements disclosed in later company filings.

Insider Trade Summary

Net Seller: 12,936,472 shares ($150,442,114)

Net Sell 1 txn

Insider FLUOR CORP

Role Director

Sold 12,936,472 shs ($150.44M)

Type	Security	Shares	Price	Value
Sale	Class A Common Stock	12,936,472	$11.6293	$150.44M

Holdings After Transaction: Class A Common Stock — 13,500,000 shares (Indirect, See footnote)

Footnotes (1)

Sale was made pursuant to a previously disclosed agreement. The shares of Class A Common Stock reported on this Form 4 are beneficially owned by Fluor Enterprises, Inc., which is a wholly owned subsidiary of Fluor Corporation, whose principal place of business is 6700 Las Colinas Boulevard, Irving, Texas 75039.

Key Figures

Shares sold: 12,936,472 shares Sale price per share: $11.6293 per share Shares owned after sale: 13,500,000 shares +2 more

5 metrics

Shares sold 12,936,472 shares Open-market sale of NuScale Class A on April 15, 2026

Sale price per share $11.6293 per share Average price for NuScale Class A shares sold

Shares owned after sale 13,500,000 shares NuScale Class A beneficially owned by Fluor Enterprises, Inc. post-transaction

Net buy/sell shares -12,936,472 shares Net-sell direction per transaction summary

Transaction code S Represents an open-market or private sale transaction

Key Terms

open-market sale, beneficially owned, indirect ownership, transaction code "S"

4 terms

open-market sale financial

"transaction_action": "open-market sale""

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

beneficially owned financial

"The shares of Class A Common Stock reported on this Form 4 are beneficially owned by Fluor Enterprises, Inc."

Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.

indirect ownership financial

""direct_or_indirect": "I","nature_of_ownership": "See footnote""

transaction code "S" financial

""transaction_code": "S","transaction_code_description": "Sale in open market or private transaction""

Form 4 Insider Transactions: What Each Field Means →

04/17/2026 - 04:32 PM

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^*

FLUOR CORP

(Last)

(First)

(Middle)

6700 LAS COLINAS BLVD.

(Street)

IRVING

TEXAS

75039

(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)
04/15/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Class A Common Stock	04/15/2026		S⁽¹⁾		12,936,472	D	$11.6293	13,500,000	I	See footnote⁽²⁾

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. Sale was made pursuant to a previously disclosed agreement.

2. The shares of Class A Common Stock reported on this Form 4 are beneficially owned by Fluor Enterprises, Inc., which is a wholly owned subsidiary of Fluor Corporation, whose principal place of business is 6700 Las Colinas Boulevard, Irving, Texas 75039.

Remarks:

	/s/ Kevin B. Hammonds, Chief Legal Officer and Corporate Secretary	04/17/2026
	** 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)

Source: View Original Filing on SEC EDGAR

FAQ

What did Fluor Corporation disclose in this Form 4 for NuScale Power (SMR)?

Fluor Corporation reported that its wholly owned subsidiary, Fluor Enterprises, Inc., executed an open-market sale of 12,936,472 NuScale Power Class A shares at $11.6293 per share, and following the transaction still beneficially owned 13,500,000 Class A shares.

How many NuScale Power (SMR) shares did Fluor Enterprises, Inc. sell?

Fluor Enterprises, Inc. sold 12,936,472 shares of NuScale Power Class A Common Stock. The sale is coded as an open-market transaction (code “S”) and represents a substantial net reduction in the reporting entity’s beneficial ownership position in NuScale.

At what price were the NuScale Power (SMR) shares sold by Fluor’s subsidiary?

The NuScale Power Class A shares were sold at an average price of $11.6293 per share. This price is explicitly stated for the 12,936,472 shares disposed of in the open-market sale reported by Fluor Enterprises, Inc. in the Form 4 filing.

How many NuScale Power (SMR) shares does Fluor Enterprises, Inc. hold after the sale?

After the reported transaction, Fluor Enterprises, Inc. is shown as beneficially owning 13,500,000 NuScale Power Class A shares. This post-transaction figure reflects the remaining indirect ownership position reported in the Form 4 after the large open-market sale.

Who actually owns the NuScale Power (SMR) shares reported by Fluor Corporation?

The Form 4 states the NuScale Class A shares are beneficially owned by Fluor Enterprises, Inc., a wholly owned subsidiary of Fluor Corporation. Fluor Enterprises, Inc. is therefore the direct holder of the reported NuScale shares attributed to Fluor’s indirect ownership.