NuScale (SMR) COO Carl Fisher Exercises RSUs, Sells 18,771 Shares

What Happened

• Carl M. Fisher, Chief Operating Officer of NuScale Power Corp (SMR), had 42,625 restricted stock units (RSUs) convert to 42,625 shares on Aug 4, 2026 (reported as exercise/conversion of a derivative, code M). He then sold 18,771 of those shares in an open-market transaction on Aug 5, 2026 at $9.36 each, receiving $175,734. The sale was a "sell-to-cover" to satisfy tax withholding related to the RSU vesting.

Key Details

• Transaction dates and prices:
  • Aug 4, 2026: Conversion/exercise of 42,625 RSUs → 42,625 shares (reported at $0.00 per share).
  • Aug 5, 2026: Open-market sale of 18,771 shares at $9.36/share for $175,734 total.
• Shares owned after transaction: Not specified in the Form 4 filing.
• Footnotes from the filing:
  • F1: The sale was to cover tax withholding obligations (sell-to-cover).
  • F2: Each RSU equals the right to receive one share of Class A common stock.
  • F3: The RSUs were originally granted Aug 4, 2023 (127,875 RSUs), vesting in three equal installments beginning Aug 4, 2024—this transaction reflects one installment (42,625).
• Filing/Timeliness: Form 4 filed Aug 6, 2026; this is within the typical two-business-day reporting window and not marked late.

Context

• This was a tax-related sell-to-cover following the vesting/settlement of RSUs, not a directional insider "investment" purchase. The derivative code M indicates conversion/exercise of a derivative instrument (here, settlement of RSUs into shares) and the immediate partial sale is common to satisfy withholding.