KRESA KENT 4

What Happened
Kresa Kent, a member of NuScale Power Corp's board of directors, received a grant of 3,946 phantom shares (derivative award) on March 31, 2026. The award was recorded at $0.00 per share (no cash paid); total reported value = $0. The grant was made in lieu of quarterly cash director fees.

Key Details

• Transaction date: 2026-03-31; Form 4 filed: 2026-04-02 (appears timely).
• Transaction type/code: A (Award/Grant/Other acquisition) — derivative phantom stock.
• Quantity: 3,946 phantom shares @ $0.00 (total reported value $0).
• Shares owned after transaction: Not specified in the Form 4.
• Footnotes:
  • Each phantom share equals the right to receive one share of Class A Common Stock on a 1:1 basis (F1).
  • The grant was made in lieu of quarterly cash fees under the Deferred Compensation Plan for Non-Employee Directors; Kent elected to defer settlement of the underlying Class A shares. The phantom stock is payable upon the reporting person's separation from service (F2).

Context
This is a compensation-related, derivative award for a non-employee director (not an open-market purchase or sale). Because settlement is deferred and payable only upon separation from service, this grant does not immediately change the company’s outstanding common stock and does not necessarily indicate a near-term buy/sell signal.