[Form 4] NUSCALE POWER Corp Insider Trading Activity

Rhea-AI Filing Summary

Alan L. Boeckmann, a director of NuScale Power Corp (SMR), was granted 1,010 shares of Class A Common Stock on 09/30/2025 as payment in lieu of quarterly director fees. The reported transaction lists a price of $36 and shows the reporting person owning 74,060 shares following the grant. The Form 4 was filed as an individual report and signed by an attorney-in-fact on 10/02/2025. The filing states the grant was in lieu of cash director fees and provides no additional financial context or related compensation totals.

Positive

• 1,010 shares granted to the director in lieu of quarterly fees, aligning pay with equity
• Beneficial ownership increased to 74,060 shares, explicitly disclosed on the Form 4

Negative

• None.

Insights

Corporate Governance Expert

Director received equity compensation of $36 per share for 1,010 shares on 09/30/2025.

This Form 4 shows a routine director equity grant issued in lieu of quarterly cash fees to Alan L. Boeckmann. The grant increased his beneficial ownership to 74,060 shares, a fact that is fully disclosed on the form.

Such awards are commonly used to align director incentives with shareholders and to conserve cash; the filing does not disclose the cash value of fees foregone or any vesting conditions. The document also does not indicate any sales or other transactions by the reporting person on the same date.

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

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

BOECKMANN ALAN L

(Last) (First) (Middle)

1100 NE CIRCLE BLVD.

SUITE 350

(Street)

CORVALLIS OR 97330

(City) (State) (Zip)

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)

3. Date of Earliest Transaction (Month/Day/Year)
09/30/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

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

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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	09/30/2025		A		1,010(1)	A	$36	74,060	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. On September 30, 2025, the reporting person was granted 1,010 shares of Class A Common Stock in lieu of quarterly director fees.

Remarks:

	Patrick C. Cannon, attorney-in-fact for Alan L. Boeckmann	10/02/2025
	** 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.

FAQ

What transaction did Alan L. Boeckmann report on Form 4 for SMR?

The Form 4 reports a grant of 1,010 Class A shares on 09/30/2025 issued in lieu of quarterly director fees.

How many SMR shares does Alan L. Boeckmann beneficially own after the reported transaction?

The filing reports 74,060 shares beneficially owned following the grant.

What price is listed for the granted shares in the Form 4?

The Form 4 lists a price of $36 for the reported grant.

When was the Form 4 filed or signed for this transaction?

The signature by attorney-in-fact is dated 10/02/2025, and the transaction date is 09/30/2025.

Was the Form 4 filed individually or jointly?

The form indicates it was filed by one reporting person (individual filing).