0001822966-23-000084.txt : 20230504
0001822966-23-000084.hdr.sgml : 20230504
20230504155304
ACCESSION NUMBER: 0001822966-23-000084
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20221122
FILED AS OF DATE: 20230504
DATE AS OF CHANGE: 20230504
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Reyes Jose N Jr
CENTRAL INDEX KEY: 0001912965
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-39736
FILM NUMBER: 23888391
MAIL ADDRESS:
STREET 1: 6650 SW REDWOOD LANE, SUITE 210
CITY: PORTLAND
STATE: OR
ZIP: 97224
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: NUSCALE POWER Corp
CENTRAL INDEX KEY: 0001822966
STANDARD INDUSTRIAL CLASSIFICATION: FABRICATED PLATE WORK (BOILER SHOPS) [3443]
IRS NUMBER: 852715384
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 6650 SW REDWOOD LANE, SUITE 210
CITY: PORTLAND
STATE: OR
ZIP: 97224
BUSINESS PHONE: (971) 371-1592
MAIL ADDRESS:
STREET 1: 6650 SW REDWOOD LANE, SUITE 210
CITY: PORTLAND
STATE: OR
ZIP: 97224
FORMER COMPANY:
FORMER CONFORMED NAME: SPRING VALLEY ACQUISITION CORP.
DATE OF NAME CHANGE: 20200828
4
1
wf-form4_168322997205874.xml
FORM 4
X0407
4
2022-11-22
0
0001822966
NUSCALE POWER Corp
SMR
0001912965
Reyes Jose N Jr
6650 SW REDWOOD LANE, SUITE 210
PORTLAND
OR
97224
0
1
0
0
Chief Technology Officer
1
Class A Common Stock
2022-11-22
4
C
0
151203
10.92
A
151203
I
By Donna Jean Reyes Trust, dated August 2, 2011
Class A Common Stock
2023-05-02
4
M
0
242480
3.24
A
433930
I
By Jose N. Reyes, Jr. Trust, dated August 2, 2021
Class A Common Stock
2023-05-02
4
S
0
100000
8.0726
D
333930
I
By Jose N. Reyes, Jr. Trust, dated August 2, 2021
Class A Common Stock
2023-05-02
4
M
0
32679
8.54
A
366609
I
By Jose N. Reyes, Jr. Trust, dated August 2, 2021
Class A Common Stock
2023-05-03
4
S
0
72724
7.9017
D
293885
I
By Jose N. Reyes, Jr. Trust, dated August 2, 2021
Paired Interests
2022-11-22
4
C
0
151203
0
A
Class B Common Stock
151203.0
151203
I
By Donna Jean Reyes Trust, dated August 2, 2021
Employee Stock Option (right to buy)
3.24
2023-05-02
4
M
0
242480
0
D
2019-08-01
2026-02-19
Class A Common Stock
242480.0
0
I
By Jose N. Reyes, Jr. Trust, dated August 2, 2021
Restricted Stock Unit
2023-05-02
4
M
0
32679
0
D
Class A Common Stock
32679.0
146788
D
The shares sold are to cover the stock option exercise costs and tax withholdings in conjunction with the exercise of 242,480 options granted on 2/19/2016. The balance of unsold share are held as Class A. Shares.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $7.91 to $8.34, inclusive. The reporting person undertakes to provide to NuScale Power Corporation, any security holder of NuScale Power Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
The shares sold are to cover the stock option exercise costs and tax withholdings in conjunction with the exercise of 242,480 options granted on 2/19/2016 and the Restricted Stock Units that vested on 5/2/2023. The balance of unsold share are held as Class A. Shares.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $7.75 to $8.22, inclusive. The reporting person undertakes to provide to NuScale Power Corporation, any security holder of NuScale Power Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
The conversion price of $10.92 is determined on the date of transaction, November 22, 2022.
Continental Stock Transfer and Trust Company was notified November 15, 2022, to issue shares of Class A Common Stock for each share of Class B Common Stock, the shares consitute free trade shares.
Restricted stock units convert into common stock on a one for one basis.
On July 8, 2022, the reporting person was granted 98,039 restricted stock units, vesting in three equal installments beginning on the first anniversary of the merger on May 2, 2023.
Patrick C. Cannon, attorney-in-fact for Jose N. Reyes, Jr.
2023-05-03