Form 4: Fluor Corp Sells 12.9M NuScale Power Shares

Fluor Corporation has divested 12,936,472 shares of NuScale Power Corp at an average price of $11.6293 per share.

Summary

• Fluor Corporation sold 12,936,472 shares of NuScale Power Corp (SMR) Class A Common Stock.
• The transaction occurred on April 15, 2026.
• The shares were sold at an average price of $11.6293 per share.
• Following the sale, Fluor Corporation retains beneficial ownership of 13,500,000 shares through its subsidiary, Fluor Enterprises, Inc.

Sentiment

Score: 4

Explanation: StockSavvy.ai views this as a neutral-to-negative event, as the exit of a major strategic shareholder often creates market overhang and may signal a change in long-term commitment to the issuer.

Positives

• The sale was executed pursuant to a previously disclosed agreement, indicating a planned divestment rather than an emergency liquidation.

Negatives

• Significant reduction in equity stake by a major institutional shareholder and strategic partner.

Risks

• Potential downward pressure on NuScale Power's share price due to the large volume of shares sold into the market.

Future Outlook

No specific forward-looking guidance regarding future operations or additional divestments was provided in this filing.

Management Comments

• The transaction was executed in accordance with a previously disclosed agreement.

Industry Context

StockSavvy.ai notes that this divestment represents a significant reduction in the strategic alignment between Fluor and NuScale, potentially signaling a shift in Fluor's capital allocation strategy regarding its nuclear energy investments.

Comparison to Industry Standards

• Large-scale divestments by parent companies or major strategic partners are common in the energy sector as projects reach maturity or as parent companies rebalance portfolios.
• The sale price of $11.6293 aligns with standard market execution for large block trades.

Related Party Transactions

• The shares are held by Fluor Enterprises, Inc., a wholly owned subsidiary of Fluor Corporation.

Stakeholder Impact

• Shareholders may experience increased volatility due to the large block sale.
• The reduction in Fluor's stake may alter the perceived strategic support for NuScale Power's long-term projects.

Next Steps

• Monitor future SEC filings for further changes in Fluor Corporation's remaining 13.5 million share position.

Key Dates

Keywords

NuScale Power, SMR, Fluor Corporation, Insider Trading, Divestment, Form 4