NuScale Power grants Kresa rights to 3,338 shares

The award’s underlying Class A shares are deferred and become payable when the director separates from service.

Rhea-AI Filing Summary

NuScale Power Corp. director Kent Kresa reported a grant of 3,338 phantom stock shares on September 30, 2026, held indirectly through the Kent Kresa Trust. The award was made in lieu of quarterly cash fees under the Deferred Compensation Plan for Non-Employee Directors. Kresa elected to defer settlement; each phantom share represents the right to receive one Class A common share, payable upon separation from service. The reported post-transaction position was 104,947 shares.

Insider Trade Summary

Grant/Award: 3,338 shares

Grant/Award 1 txn

Insider KRESA KENT

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Class A Common Stock F1	3,338	$0.00	$0.00

Holdings After Transaction: Class A Common Stock — 104,947 shares (Indirect, by Kent Kresa Trust, dated November 14, 2006)

Footnotes (1)

1. F1. In lieu of quarterly cash fees, 3,338 shares of phantom stock were granted on September 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.

Key Figures

Phantom stock awarded: 3,338 shares Reported post-transaction position: 104,947 shares Underlying shares per phantom stock share: 1 share

3 metrics

Phantom stock awarded 3,338 shares Granted September 30, 2026, in lieu of quarterly cash fees

Reported post-transaction position 104,947 shares Held indirectly through the Kent Kresa Trust

Underlying shares per phantom stock share 1 share Right to receive one share of Class A common stock

Key Terms

phantom stock, Deferred Compensation Plan for Non-Employee Directors, separation from service

3 terms

phantom stock financial

"3,338 shares of phantom stock were granted"

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"

separation from service financial

"payable upon the reporting person's separation from service with the issuer"

FAQ

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How many phantom stock shares did SMR director Kent Kresa receive?

The reported award was 3,338 phantom stock shares on September 30, 2026, in lieu of quarterly cash fees.

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Available on EDGAR 10/02/2026 - 04:12 PM Accepted by SEC EDGAR 10/02/2026 - 04:11 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^*

KRESA KENT

(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)
09/30/2026

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	09/30/2026		A		3,338(1)	A	$0	104,947	I	by Kent Kresa Trust, dated November 14, 2006

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, 3,338 shares of phantom stock were granted on September 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.

Remarks:

	Patrick C. Cannon, attorney-in-fact for Kent Kresa	10/02/2026
	** 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)