Form 4: NuScale CFO Exercises Options, Sells Shares in Planned Trade

NuScale Power's Chief Financial Officer, Robert Ramsey Hamady, executed a pre-planned transaction, exercising stock options and subsequently selling 40,000 shares of Class A Common Stock.

Summary

• Robert Ramsey Hamady, Chief Financial Officer of NuScale Power Corp (SMR), engaged in an insider transaction on December 8, 2025.
• Hamady acquired 40,000 shares of Class A Common Stock by exercising employee stock options at a price of $3.20 per share.
• Immediately following the option exercise, Hamady disposed of 40,000 shares of Class A Common Stock at a price of $22.17 per share.
• The sale was conducted automatically pursuant to a Rule 10b5-1 trading plan adopted by Hamady on September 9, 2025.
• After these transactions, Hamady directly beneficially owns 46,283 shares of Class A Common Stock.
• Hamady also continues to directly beneficially own 185,625 employee stock options (right to buy) with an exercise price of $3.20, which were granted on February 28, 2024, and vest in three annual installments beginning on the anniversary of the grant date.

Sentiment

Score: 6

Explanation: The sentiment is slightly positive. While an insider sale can sometimes be viewed negatively, the significant profit realized by the CFO from the option exercise suggests underlying value in the stock. The transaction being part of a pre-arranged 10b5-1 plan also mitigates concerns about opportunistic selling, indicating a planned liquidity event rather than a reaction to negative company news.

Positives

• The Chief Financial Officer realized a significant profit from the option exercise and subsequent sale, indicating personal financial benefit from the company's stock performance.
• The transaction was executed under a Rule 10b5-1 trading plan, which demonstrates pre-planning and adherence to insider trading regulations, potentially reducing concerns about opportunistic selling.

Negatives

• The sale of 40,000 shares by a key executive, even if pre-planned, could be perceived by some investors as a lack of confidence in the company's near-term stock appreciation, although this is mitigated by the 10b5-1 plan.

Future Outlook

This filing does not contain any forward-looking statements or guidance regarding the company's future performance or strategic direction.

Industry Context

This Form 4 filing details an individual insider transaction and does not provide broader insights into industry trends or competitive landscape. It reflects a personal financial decision by a key executive within the nuclear energy technology sector.

Corporate Governance

Stakeholder Impact

• Shareholders: May view the CFO's profit as a positive indicator of the stock's value, but the sale could also raise questions about executive confidence, though mitigated by the 10b5-1 plan.
• Employees: No direct impact mentioned, but executive transactions can sometimes influence morale or perception of company stability.
• Management: The CFO successfully executed a personal financial strategy, demonstrating effective personal wealth management within regulatory frameworks.

Key Dates

Keywords

NuScale Power, SMR, Form 4, Insider Trading, Stock Options, CFO, Equity Sale, 10b5-1 Plan