Form 4: NuScale Power Corp: Officer Engel Sells Shares to Cover Tax Obligations

Jacqueline F. Engel, Interim VP of Accounting at NuScale Power Corp, sold shares to cover tax withholding obligations and pursuant to a 10b5-1 plan.

Summary

• On May 2, 2025, Jacqueline F. Engel, Interim VP of Accounting at NuScale Power Corp, acquired 1,634 shares of Class A Common Stock upon the vesting of restricted stock units.
• On May 5, 2025, Engel sold 416 shares at $16.783 and 1,149 shares at $17 per share.
• On May 6, 2025, Engel sold 1,218 shares at $16.75 per share.
• These transactions were reported on a Form 4 filing with the SEC.
• The sales on May 5th and 6th were executed pursuant to a pre-arranged 10b5-1 trading plan.
• The initial grant of 4,092 restricted stock units occurred on July 8, 2022, vesting in three equal installments starting May 2, 2023.

Sentiment

Score: 5

Explanation: The document reflects routine insider trading activity related to stock options and tax obligations, with no indication of significant positive or negative sentiment.

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the actions of company executives regarding their holdings of company stock. The use of a 10b5-1 plan suggests a pre-arranged strategy for selling shares.

Comparison to Industry Standards

• Insider trading activity is a common occurrence in publicly listed companies.
• Companies like Westinghouse, General Electric, and other nuclear energy firms also have executives who regularly trade company stock.
• The use of 10b5-1 plans is a standard practice to avoid accusations of trading on non-public information.
• The amounts and values of shares traded are relatively small, suggesting routine transactions rather than a major shift in ownership.

Stakeholder Impact

• The transactions are unlikely to have a significant impact on shareholders, as they represent a small portion of the overall shares outstanding.
• Employees may be indirectly affected by the stock price fluctuations, but the impact is expected to be minimal.

Key Dates

Keywords

Form 4, SEC Filing, Insider Trading, Stock Sale, Restricted Stock Units, NuScale Power, SMR, Engel, 10b5-1 Plan