Form 4: NuScale Power Corp Executive Jose N. Reyes, Jr. Reports Stock Transactions
SEC Form 4 Filing
Chief Technology Officer Jose N. Reyes, Jr. of NuScale Power Corp reports acquisition and disposal of Class A Common Stock and Restricted Stock Units.
Summary
- Jose N. Reyes, Jr., Chief Technology Officer of NuScale Power Corp, filed a Form 4 detailing changes in beneficial ownership.
- On May 2, 2024, Reyes acquired 32,680 shares of Class A Common Stock through the vesting of restricted stock units.
- Also on May 2, 2024, Reyes disposed of 32,680 Restricted Stock Units.
- On May 3, 2024, Reyes sold 15,776 shares of Class A Common Stock at a price of $6.04 per share.
- Following these transactions, Reyes directly owns 478,306 shares of Class A Common Stock through the Jose N. Reyes, Jr. Trust, dated August 2, 2021.
- Reyes also directly owns 32,679 Restricted Stock Units.
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a standard regulatory filing detailing stock transactions. No explicit positive or negative implications can be derived.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, which is common in publicly traded companies. It provides transparency into the executive's holdings and transactions in the company's stock.
Key Dates
| Date | Description |
|---|---|
| 2021-08-02 | Date of the Jose N. Reyes, Jr. Trust |
| 2022-07-08 | Date the reporting person was granted 98,039 restricted stock units |
| 2023-05-02 | First vesting date of restricted stock units |
| 2024-05-02 | Date of acquisition of Class A Common Stock and disposal of Restricted Stock Units |
| 2024-05-03 | Date of sale of Class A Common Stock |
| 2024-05-06 | Date of signature on the Form 4 filing |
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