Form 4: NuScale Power Corp: Chief Technology Officer Reyes Jr. Exercises Options and Sells Shares
SEC Form 4 Filing
Chief Technology Officer Jose N. Reyes Jr. exercised stock options and sold shares of NuScale Power Corp on April 2, 2025.
Summary
- On April 2, 2025, Jose N. Reyes Jr., Chief Technology Officer of NuScale Power Corp, engaged in transactions involving Class A Common Stock.
- Reyes exercised an employee stock option to acquire 33,000 shares at a price of $3.41 per share.
- Concurrently, Reyes sold 33,000 shares of Class A Common Stock at a weighted average price of $15.13, with individual sales ranging from $15.00 to $15.48.
- Following these transactions, Reyes directly owns 516,207 shares and indirectly owns 549,207 shares through the Jose N. Reyes, Jr. Trust dated August 2, 2021.
- Reyes also indirectly owns options for 856,555 shares through the same trust.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it reflects a standard insider transaction. The exercise of options and sale of shares doesn't inherently indicate a positive or negative outlook.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, providing transparency into the trading activities of company executives. It's common for executives to exercise stock options and sell shares for personal financial management.
Comparison to Industry Standards
- Executive compensation packages often include stock options to align management's interests with those of shareholders.
- The exercise and sale of shares by executives are typical occurrences and are monitored by investors to gauge management's sentiment about the company's prospects.
- Similar transactions are regularly reported by executives at comparable companies in the energy and technology sectors.
Stakeholder Impact
- The transaction could have a minor impact on shareholders as it increases the number of shares available in the market.
- The sale of shares by a top executive might be perceived negatively by some investors, although it's a common practice.
Key Dates
| Date | Description |
|---|---|
| August 2, 2021 | Date of the Jose N. Reyes, Jr. Trust |
| March 1, 2021 | The option became fully exercisable |
| February 14, 2028 | Expiration date of the Employee Stock Option |
| 04/02/2025 | Date of transaction: exercising options and selling shares |
| 04/04/2025 | Date of signature on the Form 4 filing |
Keywords
NuScale Power Corp, Insider Trading, Form 4, Stock Options, Share Sale, SMR, Reyes, Executive Compensation
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