Form 4: Fluor Sells Over 2.5M NuScale Power Shares

Fluor Corporation, a director and 10% owner of NuScale Power Corp, reported selling over 2.5 million shares of Class A Common Stock across multiple transactions in late September 2025.

Summary

• Fluor Corp, a director and 10% owner of NuScale Power Corp (SMR), sold a total of 2,518,643 shares of Class A Common Stock.
• The sales occurred over three days: September 24, 25, and 26, 2025.
• Transactions were executed at weighted average prices ranging from $36.82 to $42.31 per share.
• Following these transactions, Fluor Corp's indirect beneficial ownership in NuScale Power Corp stands at 5,562,897 shares.
• The shares are owned of record by Fluor Enterprises, Inc., a wholly-owned subsidiary of Fluor Corporation.

Sentiment

Score: 3

Explanation: The significant insider selling by Fluor Corp, a major shareholder and director, is a strong negative signal. Such divestment often suggests a lack of confidence or a strategic shift, which typically leads to downward pressure on the stock price and negative investor sentiment.

Negatives

• Significant selling by a major shareholder (10% owner and director) could signal a lack of confidence in the company's future prospects or a strategic divestment.
• The sales occurred over three consecutive days, indicating a systematic reduction in holdings by a key insider.

Risks

• Potential negative market perception due to a major insider selling a substantial number of shares.
• Reduced alignment of interests between a significant shareholder/director and other shareholders.

Future Outlook

NA

Industry Context

This filing primarily details insider trading activity and does not provide broader industry context or trends, beyond reflecting a major investor's actions within the nuclear power sector.

Related Party Transactions

• Fluor Corp, a director and 10% owner of NuScale Power Corp, sold shares of NuScale Power Corp.
• The shares are indirectly owned by Fluor Enterprises, Inc., a wholly-owned subsidiary of Fluor Corporation.

Stakeholder Impact

• Shareholders: May perceive the selling as a negative signal, potentially leading to decreased investor confidence and downward pressure on the stock price.
• Management: Could face questions regarding the reasons for the significant divestment by a major shareholder and director.

Key Dates

Recommendation

The substantial selling of over 2.5 million shares by Fluor Corp, a director and 10% owner of NuScale Power, signals a significant reduction in their stake. This insider selling, especially by a major shareholder, often indicates a lack of confidence in the company's near-term prospects or a strategic decision to divest, which typically exerts downward pressure on the stock price and warrants a cautious or negative outlook for investors.

Keywords

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