Form 4: Fluor Sells $6.1M in NuScale Power Shares

Fluor Corporation, a 10% owner and director of NuScale Power, sold 463,747 shares of Class A Common Stock for approximately $6.1 million.

Summary

• Fluor Corporation, a 10% owner and director of NuScale Power Corp. (SMR), disposed of 463,747 shares of Class A Common Stock.
• The transaction occurred on February 26, 2026, at a weighted average price of $13.1466 per share.
• The shares were sold in multiple transactions ranging from $12.78 to $13.451 per share.
• Following this transaction, Fluor Corporation, through its wholly-owned subsidiary Fluor Enterprises, Inc., beneficially owns 39,936,472 shares of NuScale Power Class A Common Stock.
• The sale was executed pursuant to a Rule 10b5-1(c) plan, indicating a pre-arranged trading plan.

Sentiment

Score: 4

Explanation: StockSavvy.ai views this as a moderately negative signal due to a significant insider sale by a major shareholder and director, despite being executed under a 10b5-1 plan.

Positives

• The transaction was executed under a Rule 10b5-1(c) plan, suggesting a pre-scheduled sale rather than an immediate reaction to new information.

Negatives

• A significant shareholder and director, Fluor Corporation, reduced its stake in NuScale Power by selling 463,747 shares.

Risks

• Potential investor perception of reduced confidence from a major strategic partner and shareholder could negatively impact market sentiment.
• The sale of a large block of shares by an insider could contribute to increased selling pressure on NuScale Power's stock.

Future Outlook

This filing reports a past insider transaction and does not contain forward-looking statements or guidance from NuScale Power.

Industry Context

StockSavvy.ai notes that insider sales, especially from significant shareholders and directors like Fluor Corporation, can sometimes be interpreted by the market as a signal regarding the company's near-term prospects or valuation, even when executed under a Rule 10b5-1 plan. This transaction occurs in the context of the evolving small modular reactor (SMR) industry, where NuScale is a key player.

Comparison to Industry Standards

• This is an insider transaction report, not a performance report, so direct comparisons to industry financial performance standards are not applicable.
• Insider selling activity is a commonly tracked data point by investors across all industries to gauge management and major shareholder sentiment.

Related Party Transactions

• The transaction involves Fluor Corporation, a 10% owner and director of NuScale Power, selling shares. The shares were beneficially owned by NuScale Holdings Corp., which is majority-owned by Fluor Enterprises, Inc., a wholly-owned subsidiary of Fluor Corporation.

Stakeholder Impact

• Shareholders: May perceive the sale by a major insider as a negative signal, potentially leading to downward pressure on the stock price due to concerns about future prospects or valuation.
• Employees: No direct impact on employees is indicated by this transaction.
• Customers/Suppliers: No direct impact on customers or suppliers is indicated by this transaction.
• Creditors: No direct impact on creditors is indicated by this transaction.

Key Dates

Recommendation

The sale by a significant insider and director, Fluor Corporation, suggests a potential lack of confidence or a strategic decision to reduce exposure. While executed under a 10b5-1 plan, the sheer volume of shares sold by a key strategic partner could signal a negative outlook to the market, warranting a 'sell' recommendation for investors to consider reducing their own exposure or to avoid initiating new positions until further clarity emerges.

Keywords

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