Form 4: NuScale Power CFO Exercises Options and Sells Shares in Significant Insider Transactions

NuScale Power's Chief Financial Officer, Robert Ramsey Hamady, exercised 40,000 stock options and sold a total of 69,984 shares of Class A Common Stock for approximately $32.10 per share on May 30, 2025.

Summary

• Robert Ramsey Hamady, Chief Financial Officer of NuScale Power Corp (SMR), engaged in significant stock transactions on May 30, 2025.
• He exercised 40,000 employee stock options at an exercise price of $3.20 per share.
• Concurrently, he sold 40,000 shares of Class A Common Stock at $32.10 per share, likely from the exercised options.
• Additionally, he sold another 29,984 shares of Class A Common Stock at $32.10 per share.
• The total number of shares sold was 69,984 at an average price of $32.10.
• Following these transactions, the CFO directly owns 1 share of Class A Common Stock and 225,625 employee stock options.
• The options exercised were granted on February 28, 2024, and vest in three annual installments, with an expiration date of February 24, 2034.
• The transactions were made pursuant to a Rule 10b5-1(c) contract, instruction, or written plan.

Sentiment

Score: 5

Explanation: Neutral. Form 4 reports mandatory insider transactions. While a large sale by a CFO can be seen negatively, the transaction was pre-arranged under a 10b5-1 plan and involved option exercise, which is a common form of executive compensation realization.

Positives

• The exercise of options indicates a significant profit for the CFO, as the exercise price was $3.20 and the sale price was $32.10, representing a substantial gain per share.
• The transactions were made pursuant to a Rule 10b5-1 plan, indicating a pre-arranged sale and not necessarily a reaction to immediate company news, which can mitigate negative investor perception.

Negatives

• The sale of a significant number of shares by a key executive (CFO) could be perceived negatively by some investors, as it reduces their direct equity stake in the company.
• The CFO's direct beneficial ownership of Class A Common Stock after the transactions is reduced to 1 share.

Future Outlook

This Form 4 filing is a mandatory disclosure of insider transactions and does not contain any forward-looking statements or guidance regarding the company's future outlook.

Industry Context

This document reports specific insider transactions and does not provide broader industry context or trends. It reflects an individual executive's compensation realization rather than a strategic industry move.

Stakeholder Impact

• Shareholders: May view the sale as an executive monetizing compensation or, less favorably, as a reduction in direct equity stake. The pre-arranged nature under a 10b5-1 plan typically mitigates negative interpretations.
• Employees: No direct impact on employees is indicated by this transaction.

Key Dates

Keywords

NuScale Power, SMR, Form 4, Insider Trading, Stock Options, CFO, Share Sale, Executive Compensation, Beneficial Ownership, Rule 10b5-1