Form 4: Fluor Reduces NuScale Power Stake

Fluor Corporation, a director and 10% owner of NuScale Power Corp, reported the sale of over 2.2 million shares of Class A Common Stock in late September and early October 2025.

Summary

• Fluor Corporation, a director and 10% owner of NuScale Power Corp (SMR), reported the sale of 2,228,549 shares of NuScale Class A Common Stock.
• The sales occurred over several transactions on September 29, 2025, September 30, 2025, and October 1, 2025.
• Weighted average sale prices ranged from $35.86 to $40.05 per share.
• Following these transactions, Fluor Enterprises, Inc., a wholly-owned subsidiary of Fluor Corporation, indirectly beneficially owns 3,424,278 shares of NuScale Class A Common Stock.

Sentiment

Score: 4

Explanation: The filing reports a significant sale of shares by a director and 10% owner, which can be interpreted negatively by the market for the issuer (NuScale Power). While it's a positive for the seller (Fluor) in terms of monetization, the market often views large insider sales as a bearish signal for the stock.

Positives

• Fluor Corporation successfully monetized a significant portion of its investment in NuScale Power Corp, generating proceeds from the sale of 2,228,549 shares at weighted average prices between $35.86 and $40.05.

Negatives

• A significant reduction in ownership by a major shareholder and director (Fluor Corporation) could be perceived negatively by the market, potentially signaling a lack of confidence or a strategic shift by the insider.
• The sale of 2,228,549 shares represents a substantial portion of Fluor's previous holdings, reducing its indirect beneficial ownership to 3,424,278 shares.

Risks

• The market may interpret the substantial sale by a 10% owner and director as a negative signal, potentially leading to downward pressure on NuScale Power Corp's stock price.
• Reduced ownership by a key strategic partner like Fluor Corporation could impact future collaboration or strategic alignment, although the filing does not explicitly state this.

Future Outlook

NA

Industry Context

NA

Related Party Transactions

• Fluor Corporation, a director and 10% owner of NuScale Power Corp, engaged in multiple sales of NuScale Class A Common Stock. These transactions are considered related party dealings due to Fluor's significant ownership and board representation.

Stakeholder Impact

• Shareholders (NuScale Power): May view the significant insider selling as a negative signal, potentially leading to decreased confidence and downward pressure on the stock price.
• Shareholders (Fluor Corporation): Benefit from the monetization of a portion of their investment in NuScale, potentially improving Fluor's liquidity or capital allocation flexibility.

Key Dates

Keywords

NuScale Power, SMR, Fluor Corporation, Insider Sale, Form 4, Beneficial Ownership, Stock Sale, Director Transaction, 10% Owner