BUZBY DAVID S 4

What Happened David S. Buzby, a director of Spring Valley Acquisition Corp. II (SVII), disposed of 40,000 SVII shares on 2026-02-24. The shares were not sold for cash; they were automatically exchanged for common stock of Eagle Nuclear Energy Corp. ("New Eagle") in connection with the consummation of the business combination. No per-share price or cash value is reported in the filing.

Key Details

• Transaction date: 2026-02-24 (reported on Form 4 filed 2026-02-26)
• Type: Disposition to the issuer — automatic exchange in connection with the merger (not an open-market sale)
• Shares disposed: 40,000
• Price / cash value: N/A (exchange for New Eagle shares)
• Shares owned following transaction: Not specified in the filing
• Footnote: The shares were exchanged for New Eagle common stock pursuant to the Amended and Restated Agreement and Plan of Merger dated Sept. 29, 2025
• Filing timeliness: Report filed two days after the transaction date; appears timely under standard Form 4 deadlines

Context This was a non-cash exchange resulting from a corporate merger—common for SPAC/business-combination transactions—and not a typical sale for liquidity. Such exchanges convert holdings into the merged company's stock and do not by themselves indicate insider sentiment about future performance.