Colbert Chris 4
4 · NUSCALE POWER Corp · Filed May 31, 2023
Insider Transaction Report
Form 4
Colbert Chris
Chief Financial Officer
Transactions
- Conversion
Class A Common Stock
2023-05-31$7.50/sh+75,585$566,888→ 75,585 total(indirect: By Spouse) - Conversion
Paired Interests
2023-05-31−75,585→ 0 total(indirect: By Spouse)→ Class A Common Stock (75,585 underlying)
Footnotes (2)
- [F1]The term "Paired Interests" is used herein to refer to the economic, non-voting Class B Units of NuScale Power, LLC ("Class B Units") and an equal number of paired shares of non-economic, voting Class B Common Stock of the Issuer ("Class B Common Stock"). Pursuant to and subject to the applicable terms and conditions of the limited liability company agreement of NuScale Power, LLC or the certificate of incorporation of the Issuer (each as amended from time to time): (a) the holder of Class B Units has the right, and in certain circumstances the obligation, to exchange a Class B Unit on a one-for-one basis (subject to adjustment from time to time) for, at the option of the Issuer, (i) a share of Class A Common Stock of the Issuer or (ii) an equivalent value of cash in limited circumstances; and (b) upon such an exchange, the Issuer will cancel and retire, for no consideration, the paired share of Class B Common Stock.
- [F2]The Reporting Person's Form 3 contained a typo. 75,586 shares should have been 75,585 shares.