Doosan Enerbility files 13G/A; SMR ownership now 2.9%

Rhea-AI Filing Summary

NuScale Power (SMR): Ownership update. Doosan Enerbility Co., Ltd. filed a Schedule 13G/A 3,902,061 shares of Class A common stock, representing 2.9% of the class. The filing notes the company has ceased to be a beneficial owner of more than five percent, and this amendment constitutes an exit filing for that threshold.

Doosan reports sole voting and dispositive power over 3,902,061 shares. The percentage is calculated based on 133,893,376 shares outstanding as of August 5, 2025, as reported by the issuer. The date of the event triggering the filing is September 30, 2025. The certification states the securities were not acquired or held to change or influence control.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 4)

NUSCALE POWER Corp

(Name of Issuer)

Class A common stock, par value $0.0001 per share

(Title of Class of Securities)

67079K100

(CUSIP Number)

09/30/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 67079K100

1

Names of Reporting Persons

Doosan Enerbility Co., Ltd.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

KOREA, REPUBLIC OF

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 3,902,061.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 3,902,061.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

3,902,061.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

2.9 %

12

Type of Reporting Person (See Instructions)

CO

SCHEDULE 13G

Item 1.
(a)	Name of issuer: NUSCALE POWER Corp
(b)	Address of issuer's principal executive offices: 1100 NE Circle Blvd., Suite 350, Corvallis, OR 97330
Item 2.
(a)	Name of person filing: This Schedule 13G is being filed by Doosan Enerbility Co., Ltd. (the "Reporting Person"). This Amendment No. 4 amends and supplements the Schedule 13G previously filed jointly by the Reporting Person and certain other reporting persons named therein with the Securities and Exchange Commission (the "SEC") on May 13, 2022, as amended and supplemented by the Amendment No. 1 filed jointly by the Reporting Person and certain other reporting persons named therein on October 26, 2022, the Amendment No. 2 filed jointly by the Reporting Person and certain other reporting persons named therein on February 14, 2023, and the Amendment No. 3 filed jointly by certain other reporting persons named therein on February 16, 2024 (the "Original Schedule 13G"). This Amendment No. 4, which is being filed to disclose that the Reporting Person has ceased to be the beneficial owner of more than five percent of the outstanding Class A common stock, par value $0.0001 per share ("Class A Common Stock"), of NuScale Power Corporation (the "Issuer"), constitutes an exit filing for the Reporting Person. Except as specifically provided herein, this Amendment No. 4 does not modify any of the information previously reported in the Original Schedule 13G.
(b)	Address or principal business office or, if none, residence: 22, Doosanvolvo-ro, Seongsan-gu Changwon-si 51711, Gyeongsangnam-do, Republic of Korea
(c)	Citizenship: See the response to row 4 of the cover page.
(d)	Title of class of securities: Class A common stock, par value $0.0001 per share
(e)	CUSIP No.: 67079K100
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: See the response to row 9 of the cover page, the entirety of which amount consists of Class A Common Stock directly held by the Reporting Person. The percentage set forth in this Schedule 13G is calculated based upon an aggregate of 133,893,376 shares of Class A Common Stock issued and outstanding as of August 5, 2025, as reported on the Issuer's Quarterly Report on Form 10-Q filed with the SEC on August 7, 2025.
(b)	Percent of class: 2.9%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: See the response to row 5 of the cover page.
	(ii) Shared power to vote or to direct the vote: See the response to row 6 of the cover page.
	(iii) Sole power to dispose or to direct the disposition of: See the response to row 7 of the cover page.
	(iv) Shared power to dispose or to direct the disposition of: See the response to row 8 of the cover page.
Item 5.	Ownership of 5 Percent or Less of a Class.
	Ownership of 5 percent or less of a class
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Doosan Enerbility Co., Ltd.

Signature:	/s/ Sanghyun Park
Name/Title:	Sanghyun Park/President
Date:	11/12/2025

FAQ

What did Doosan Enerbility disclose about SMR in this Schedule 13G/A?

It reported beneficial ownership of 3,902,061 shares of Class A common stock, or 2.9% of the class.

Why is this filing labeled an exit filing for Doosan Enerbility?

Because it ceased to be a beneficial owner of more than five percent of NuScale’s Class A common stock.

What is the reference share count used to calculate the 2.9% stake in SMR?

The issuer reported 133,893,376 shares outstanding as of August 5, 2025.

What level of control does Doosan report over the SMR shares?

It has sole voting power and sole dispositive power over 3,902,061 shares; no shared power is reported.

What is the event date tied to this ownership change?

The filing lists September 30, 2025 as the date of the event requiring the statement.

Does the filing indicate any intent to influence control of NuScale (SMR)?

The certification states the securities were not acquired or held for the purpose of changing or influencing control.