NuScale Power (SMR) CFO Robert Hamady Exercises Options, Sells 20,000 Shares
$SMR · NUSCALE POWER CorpResearch Summary
AI-generated summary of this SEC filing
NuScale Power (SMR) CFO Robert Hamady Exercises Options, Sells 20,000 Shares
What Happened
Robert (Hamady) Ramsey, CFO of NuScale Power (SMR), exercised stock-option/derivative rights and 20,000 shares were disposed on August 17, 2026. The filing shows the disposition of 20,000 shares listed with $0 cash proceeds; a footnote states the sale occurred automatically under a Rule 10b5-1 trading plan.
Key Details
- Transaction date: August 17, 2026; Form 4 filed August 19, 2026 (timely).
- Reported activity: exercise/conversion of derivative (code M) and disposition of 20,000 shares (reported cash amount $0).
- Footnote F1: the 20,000-share sale occurred automatically under a 10b5-1 plan adopted March 31, 2026.
- Footnote F2: the underlying options were granted on February 28, 2024 and vest in three annual installments beginning on the grant anniversary.
- Shares owned after the transaction: not specified in the supplied filing.
Context
The filing shows an option exercise paired with an automatic sale under a 10b5-1 plan. Such plans authorize preset sales (often to cover exercise costs or taxes) and are routine for insiders; the reported $0 cash proceeds here indicate the filing did not report net cash received (net settlement, share transfers, or reporting conventions can produce a $0 line). This is a sale, which is typically viewed as routine insider liquidity rather than a direct bullish signal.