NuScale Power (SMR) CFO Robert Hamady Sells Shares

What Happened
Robert Hamady, Chief Financial Officer of NuScale Power (SMR), converted restricted stock units into common shares and completed a sell-to-cover transaction. On Aug 26, 2026 he converted/settled 76,923 RSU-based shares (recorded as derivative exercise/settlement). On Aug 27, 2026 he sold 29,880 shares in the open market at $9.39 each, generating proceeds of approximately $280,633. The conversions and transfers recorded at $0 reflect the settlement of RSUs rather than a cash purchase.

Key Details

• Transaction dates and prices:
  • 2026-08-26: Conversion/settlement of 76,923 RSU-derived shares (reported at $0.00) — coded as exercise/conversion of derivative (M).
  • 2026-08-27: Open-market sale of 29,880 shares at $9.39 each — proceeds ≈ $280,633 (coded S).
• Shares owned after transaction: not specified in the provided filing details.
• Footnotes:
  • F1: The sale(s) were to cover tax withholding obligations tied to the vesting/settlement of RSUs (a "sell to cover").
  • F2/F3: Each RSU equals one share; the RSUs were part of a 230,769 RSU grant on Aug 26, 2023 that vests in three annual installments (76,923 shares per installment).
• Filing: Form 4 filed Aug 28, 2026 reporting activity on Aug 26–27, 2026. No late-filing flag indicated in the provided data.

Context
This was a routine settlement of equity compensation (RSUs) with a portion sold to cover taxes — a common administrative transaction that does not by itself indicate a buy or sell signal about the insider’s view of the company. The derivative-code (M) entries reflect conversion/settlement of RSUs into shares; the open-market sale is the sell-to-cover step.