BH Investment & Liberty Ltd. 3
3 · NUSCALE POWER Corp · Filed May 16, 2022
Insider Transaction Report
Form 3
BH Investment & Liberty Ltd.
10% Owner
Holdings
- (indirect: See footnote)
Class B Common Stock
→ Class A Common Stock (372,420 underlying) - (indirect: See footnote)
Class B Common Stock
→ Class A Common Stock (4,241,765 underlying) - (indirect: See footnote)
Class B Common Stock
→ Class A Common Stock (4,512,729 underlying)
Footnotes (5)
- [F1]Each share of Class B common stock, par value $0.0001 per share ("Class B Common Stock"), of NuScale Power Corporation (the "Issuer") when paired with one Class B Unit of NuScale Power, LLC, may be exchanged at the holder's election for one share of Class A common stock, par value $0.0001 per share of the Issuer.
- [F2]Consists of 4,241,765 shares of Class B Common Stock directly held by Next Tech 1 New Technology Investment Fund ("Next Tech 1"). BH Investment and Liberty Ltd. ("BHI") is, together with IBK Securities Co., Ltd. ("IBKS"), the co-general partner of Next Tech 1 with the right to vote or dispose of the shares of Class B Common Stock held by Next Tech 1. BHI disclaims any beneficial ownership of the securities held by Next Tech 1 other than to the extent of any pecuniary interest it may have therein, directly or indirectly.
- [F3]Consists of 372,420 shares of Class B Common Stock directly held by Next Tech 2 New Technology Investment Fund ("Next Tech 2"). BHI is, together with IBKS, the co-general partner of Next Tech 2 with the right to vote or dispose of the shares of Class B Common Stock held by Next Tech 2. BHI disclaims any beneficial ownership of the securities held by Next Tech 2 other than to the extent of any pecuniary interest it may have therein, directly or indirectly.
- [F4]Consists of 4,512,729 shares of Class B Common Stock directly held by Next Tech 3 New Technology Investment Fund ("Next Tech 3"). BHI is, together with SB Partners Co., Ltd. and SAC Partners Co., Ltd., the co-general partner of Next Tech 3 with the right to vote or dispose of the shares of Class B Common Stock held by Next Tech 3. BHI disclaims any beneficial ownership of the securities held by Next Tech 3 other than to the extent of any pecuniary interest it may have therein, directly or indirectly.
- [F5]Dae Seok Bae is the sole controlling person of BHI, and therefore is deemed to share beneficial ownership of the shares of Class B Common Stock held by Next Tech 1, Next Tech 2 and Next Tech 3. Dae Seok Bae disclaims any beneficial ownership of the securities held by Next Tech 1, Next Tech 2 and Next Tech 3 other than to the extent of any pecuniary interest he may have therein, directly or indirectly.