Form 4: NuScale Officer Sells Shares After RSU Vesting

NuScale Power's Chief Accounting Officer, David A. Tonnel, sold 2,290 shares of Class A Common Stock to cover tax obligations following the vesting of 9,710 restricted stock units.

Summary

• David A. Tonnel, Chief Accounting Officer of NuScale Power Corp (SMR), reported transactions involving the company's Class A Common Stock.
• On March 24, 2026, 9,710 restricted stock units (RSUs) converted into Class A Common Stock on a one-for-one basis.
• Following the RSU conversion, Mr. Tonnel directly acquired 9,710 shares of Class A Common Stock.
• On March 25, 2026, Mr. Tonnel sold 2,290 shares of Class A Common Stock at a price of $11.845 per share.
• The sale was conducted to cover tax withholding obligations associated with the vesting and settlement of the restricted stock units, a 'sell to cover' transaction.
• After these transactions, Mr. Tonnel beneficially owns 7,420 shares of Class A Common Stock directly.
• Additionally, Mr. Tonnel beneficially owns 19,421 derivative securities in the form of restricted stock units.
• The original grant of 29,131 restricted stock units occurred on March 25, 2025, with vesting in three equal installments beginning on the first anniversary of the grant date.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event. The transactions represent a routine compensation event for an executive, involving the vesting of restricted stock units and a subsequent sale to cover tax obligations, which is a standard practice and does not reflect positively or negatively on the company's operational or financial health.

Positives

• The vesting of 9,710 restricted stock units represents a compensation event for the Chief Accounting Officer, increasing his direct ownership of Class A Common Stock prior to the tax-related sale.

Negatives

• A portion of the vested shares (2,290 shares) was sold, reducing the officer's direct equity stake, although this was for tax withholding purposes rather than a discretionary sale.

Future Outlook

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

Industry Context

StockSavvy.ai notes that insider transactions, particularly 'sell to cover' sales following RSU vesting, are common occurrences in publicly traded companies. These transactions are typically driven by individual compensation plans and tax obligations rather than a reflection of management's outlook on the company's future performance. Such routine sales are generally not indicative of broader industry trends or competitive positioning.

Stakeholder Impact

• Shareholders: Minimal impact, as this is a routine insider transaction for tax purposes and not a discretionary sale that would signal a change in management's confidence.

Key Dates

Keywords

NuScale Power, SMR, Form 4, Insider Transaction, Restricted Stock Units, RSU Vesting, Stock Sale, Chief Accounting Officer, David A. Tonnel, Equity Compensation