[Form 4] NuScale Power Corporation Insider Trading Activity
Jose N. Reyes Jr., Chief Technology Officer and trustee, reported transfers and holdings of Class A Common Stock of NuScale Power Corp (SMR). On 08/14/2025 he transferred 295,809 shares to the Donna Jean Reyes Trust dated August 2, 2021 for no consideration while retaining beneficial ownership as trustee and beneficiary. The Form 4 also shows a separate transfer of 16,313 shares from Reyes to the Jose N. Reyes, Jr. Trust and an updated beneficial ownership figure of 295,809 shares held indirectly by the Donna Jean Reyes Trust and 220,630 shares beneficially owned via the Jose N. Reyes, Jr. Trust.
The filing documents that these movements were transfers between related trusts, not open-market sales, and that Reyes remains the beneficial owner of the shares held in trust.
Jose N. Reyes Jr., Chief Technology Officer e fiduciario, ha dichiarato trasferimenti e partecipazioni di Class A Common Stock di NuScale Power Corp (SMR). In data 14/08/2025 ha trasferito 295.809 azioni al Donna Jean Reyes Trust datato 2 agosto 2021 senza corrispettivo, mantenendo per貌 la titolarit脿 beneficiaria come fiduciario e beneficiario. Il Modulo 4 documenta inoltre un trasferimento separato di 16.313 azioni da Reyes al Jose N. Reyes, Jr. Trust e aggiorna la titolarit脿 effettiva in 295.809 azioni detenute indirettamente dal Donna Jean Reyes Trust e 220.630 azioni di propriet脿 beneficiaria tramite il Jose N. Reyes, Jr. Trust.
La comunicazione specifica che si 猫 trattato di trasferimenti tra trust correlati, non di vendite sul mercato aperto, e che Reyes rimane il beneficiario effettivo delle azioni detenute in trust.
Jose N. Reyes Jr., Director de Tecnolog铆a y fideicomisario, inform贸 transferencias y tenencias de Class A Common Stock de NuScale Power Corp (SMR). El 14/08/2025 transfiri贸 295.809 acciones al Donna Jean Reyes Trust con fecha 2 de agosto de 2021 sin contraprestaci贸n, conservando la propiedad beneficiaria como fideicomisario y beneficiario. El Formulario 4 tambi茅n muestra una transferencia separada de 16.313 acciones de Reyes al Jose N. Reyes, Jr. Trust y una actualizaci贸n de la propiedad beneficiaria a 295.809 acciones mantenidas indirectamente por el Donna Jean Reyes Trust y 220.630 acciones en propiedad beneficiaria a trav茅s del Jose N. Reyes, Jr. Trust.
El expediente documenta que estos movimientos fueron transferencias entre fideicomisos relacionados, no ventas en el mercado abierto, y que Reyes sigue siendo el beneficiario efectivo de las acciones en fideicomiso.
Jose N. Reyes Jr. 斓滉碃旮办垹毂呾瀯鞛�(CTO) 瓴� 靾橅儊鞛愲姅 NuScale Power Corp (SMR)鞚� Class A Common Stock 鞚挫爠 氚� 氤挫湢毳� 氤搓碃頄堨姷雼堧嫟. 2025雲� 8鞗� 14鞚� 攴鸽姅 295,809欤�毳� 2021雲� 8鞗� 2鞚检瀽 Donna Jean Reyes Trust搿� 雽�臧� 鞐嗢澊 鞚挫爠頄堨溂氅�, 靾橅儊鞛愳澊鞛� 靾橃澋鞛愲靹滌潣 鞁れ鞝� 靻岇湢甓岇潃 鞙犾頄堨姷雼堧嫟. 鞝滌稖霅� Form 4鞐愲姅 Reyes臧� Jose N. Reyes, Jr. Trust搿� 氤勲弰 16,313欤�毳� 鞚挫爠頃� 靷嫟瓿� Donna Jean Reyes Trust臧� 臧勳爲 氤挫湢頃� 295,809欤�, Jose N. Reyes, Jr. Trust毳� 韱淀暣 鞁れ 靻岇湢頃� 220,630欤�搿� 鞐呺嵃鞚错姼霅� 氤挫湢 靾橃箻霃� 旮办灛霅橃柎 鞛堨姷雼堧嫟.
頃措嫻 靹滊電� 鞚措摛 鞚措彊鞚� 甏�霠� 鞁犿儊 臧勳潣 鞚挫爠鞚挫棃鞙茧┌, 瓿店皽 鞁滌灔鞐愳劀鞚� 毵り皝鞚� 鞎勲媹鞐堦碃 Reyes臧� 鞁犿儊鞐� 氤搓磤霅� 欤检嫕鞚� 鞁れ鞝� 靻岇湢鞛愳瀯鞚� 氇呾嫓頃╇媹雼�.
Jose N. Reyes Jr., directeur technique (CTO) et fiduciaire, a d茅clar茅 des transferts et des avoirs de Class A Common Stock de NuScale Power Corp (SMR). Le 14/08/2025, il a transf茅r茅 295 809 actions au Donna Jean Reyes Trust dat茅 du 2 ao没t 2021 sans contrepartie, tout en conservant la propri茅t茅 b茅n茅ficiaire en tant que fiduciaire et b茅n茅ficiaire. Le formulaire 4 indique 茅galement un transfert s茅par茅 de 16 313 actions de Reyes vers le Jose N. Reyes, Jr. Trust et met 脿 jour la d茅tention b茅n茅ficiaire 脿 295 809 actions d茅tenues indirectement par le Donna Jean Reyes Trust et 220 630 actions d茅tenues 脿 titre b茅n茅ficiaire via le Jose N. Reyes, Jr. Trust.
Le d茅p么t pr茅cise que ces mouvements sont des transferts entre trusts li茅s, et non des ventes sur le march茅 ouvert, et que Reyes demeure le b茅n茅ficiaire effectif des actions d茅tenues en trust.
Jose N. Reyes Jr., Chief Technology Officer und Treuh盲nder, meldete 脺bertragungen und Best盲nde von Class A Common Stock der NuScale Power Corp (SMR). Am 14.08.2025 眉bertrug er 295.809 Aktien an den Donna Jean Reyes Trust vom 2. August 2021 ohne Gegenleistung, behielt jedoch das wirtschaftliche Eigentum als Treuh盲nder und Beg眉nstigter. Das Formular 4 zeigt au脽erdem eine separate 脺bertragung von 16.313 Aktien von Reyes an den Jose N. Reyes, Jr. Trust und aktualisierte wirtschaftliche Besitzangaben: 295.809 Aktien werden indirekt vom Donna Jean Reyes Trust gehalten und 220.630 Aktien sind wirtschaftlich 眉ber den Jose N. Reyes, Jr. Trust gehalten.
Die Einreichung dokumentiert, dass es sich um 脺bertragungen zwischen verbundenen Trusts handelte, nicht um Verk盲ufe am offenen Markt, und dass Reyes weiterhin der wirtschaftliche Eigent眉mer der im Trust gehaltenen Aktien ist.
- Transparency: The reporting person filed a Form 4 disclosing transfers and updated beneficial ownership, fulfilling disclosure obligations.
- No open-market sale: Transfers were executed for no consideration into family trusts, so no immediate market selling pressure resulted from these transactions.
- Concentration in related trusts: Large share blocks remain under indirect control, which may limit public float and concentrate voting power.
- Limited liquidity signal: Because transfers are internal, they do not provide information on the reporting person's intent to monetize holdings, which can leave investors with less clarity on insider sentiment.
Insights
TL;DR: Insider moved shares into family trusts; governance impact is routine but merits disclosure.
The transfers of substantial blocks of Class A shares into family trusts appear to be estate-planning or ownership-structuring actions rather than market dispositions since they were for no consideration and Reyes remains beneficial owner as trustee and beneficiary. From a governance standpoint, these transactions preserve voting and economic alignment while centralizing administration in trust vehicles. The filing reduces direct ownership figures but maintains indirect control, which investors should note for voting dynamics and beneficial ownership reporting.
TL;DR: Transaction is non-sale transfer among related trusts; market impact is likely neutral.
The movement of 295,809 shares and an additional 16,313-share change were executed via transfer code indicating gift/transfer, not sale proceeds, and share counts reported after the transactions show continued indirect ownership totaling significant share blocks. Because no shares were sold into the market, immediate liquidity or dilution effects are absent. Materiality to valuation is limited unless aggregated insider activity suggests broader ownership restructuring.
Jose N. Reyes Jr., Chief Technology Officer e fiduciario, ha dichiarato trasferimenti e partecipazioni di Class A Common Stock di NuScale Power Corp (SMR). In data 14/08/2025 ha trasferito 295.809 azioni al Donna Jean Reyes Trust datato 2 agosto 2021 senza corrispettivo, mantenendo per貌 la titolarit脿 beneficiaria come fiduciario e beneficiario. Il Modulo 4 documenta inoltre un trasferimento separato di 16.313 azioni da Reyes al Jose N. Reyes, Jr. Trust e aggiorna la titolarit脿 effettiva in 295.809 azioni detenute indirettamente dal Donna Jean Reyes Trust e 220.630 azioni di propriet脿 beneficiaria tramite il Jose N. Reyes, Jr. Trust.
La comunicazione specifica che si 猫 trattato di trasferimenti tra trust correlati, non di vendite sul mercato aperto, e che Reyes rimane il beneficiario effettivo delle azioni detenute in trust.
Jose N. Reyes Jr., Director de Tecnolog铆a y fideicomisario, inform贸 transferencias y tenencias de Class A Common Stock de NuScale Power Corp (SMR). El 14/08/2025 transfiri贸 295.809 acciones al Donna Jean Reyes Trust con fecha 2 de agosto de 2021 sin contraprestaci贸n, conservando la propiedad beneficiaria como fideicomisario y beneficiario. El Formulario 4 tambi茅n muestra una transferencia separada de 16.313 acciones de Reyes al Jose N. Reyes, Jr. Trust y una actualizaci贸n de la propiedad beneficiaria a 295.809 acciones mantenidas indirectamente por el Donna Jean Reyes Trust y 220.630 acciones en propiedad beneficiaria a trav茅s del Jose N. Reyes, Jr. Trust.
El expediente documenta que estos movimientos fueron transferencias entre fideicomisos relacionados, no ventas en el mercado abierto, y que Reyes sigue siendo el beneficiario efectivo de las acciones en fideicomiso.
Jose N. Reyes Jr. 斓滉碃旮办垹毂呾瀯鞛�(CTO) 瓴� 靾橅儊鞛愲姅 NuScale Power Corp (SMR)鞚� Class A Common Stock 鞚挫爠 氚� 氤挫湢毳� 氤搓碃頄堨姷雼堧嫟. 2025雲� 8鞗� 14鞚� 攴鸽姅 295,809欤�毳� 2021雲� 8鞗� 2鞚检瀽 Donna Jean Reyes Trust搿� 雽�臧� 鞐嗢澊 鞚挫爠頄堨溂氅�, 靾橅儊鞛愳澊鞛� 靾橃澋鞛愲靹滌潣 鞁れ鞝� 靻岇湢甓岇潃 鞙犾頄堨姷雼堧嫟. 鞝滌稖霅� Form 4鞐愲姅 Reyes臧� Jose N. Reyes, Jr. Trust搿� 氤勲弰 16,313欤�毳� 鞚挫爠頃� 靷嫟瓿� Donna Jean Reyes Trust臧� 臧勳爲 氤挫湢頃� 295,809欤�, Jose N. Reyes, Jr. Trust毳� 韱淀暣 鞁れ 靻岇湢頃� 220,630欤�搿� 鞐呺嵃鞚错姼霅� 氤挫湢 靾橃箻霃� 旮办灛霅橃柎 鞛堨姷雼堧嫟.
頃措嫻 靹滊電� 鞚措摛 鞚措彊鞚� 甏�霠� 鞁犿儊 臧勳潣 鞚挫爠鞚挫棃鞙茧┌, 瓿店皽 鞁滌灔鞐愳劀鞚� 毵り皝鞚� 鞎勲媹鞐堦碃 Reyes臧� 鞁犿儊鞐� 氤搓磤霅� 欤检嫕鞚� 鞁れ鞝� 靻岇湢鞛愳瀯鞚� 氇呾嫓頃╇媹雼�.
Jose N. Reyes Jr., directeur technique (CTO) et fiduciaire, a d茅clar茅 des transferts et des avoirs de Class A Common Stock de NuScale Power Corp (SMR). Le 14/08/2025, il a transf茅r茅 295 809 actions au Donna Jean Reyes Trust dat茅 du 2 ao没t 2021 sans contrepartie, tout en conservant la propri茅t茅 b茅n茅ficiaire en tant que fiduciaire et b茅n茅ficiaire. Le formulaire 4 indique 茅galement un transfert s茅par茅 de 16 313 actions de Reyes vers le Jose N. Reyes, Jr. Trust et met 脿 jour la d茅tention b茅n茅ficiaire 脿 295 809 actions d茅tenues indirectement par le Donna Jean Reyes Trust et 220 630 actions d茅tenues 脿 titre b茅n茅ficiaire via le Jose N. Reyes, Jr. Trust.
Le d茅p么t pr茅cise que ces mouvements sont des transferts entre trusts li茅s, et non des ventes sur le march茅 ouvert, et que Reyes demeure le b茅n茅ficiaire effectif des actions d茅tenues en trust.
Jose N. Reyes Jr., Chief Technology Officer und Treuh盲nder, meldete 脺bertragungen und Best盲nde von Class A Common Stock der NuScale Power Corp (SMR). Am 14.08.2025 眉bertrug er 295.809 Aktien an den Donna Jean Reyes Trust vom 2. August 2021 ohne Gegenleistung, behielt jedoch das wirtschaftliche Eigentum als Treuh盲nder und Beg眉nstigter. Das Formular 4 zeigt au脽erdem eine separate 脺bertragung von 16.313 Aktien von Reyes an den Jose N. Reyes, Jr. Trust und aktualisierte wirtschaftliche Besitzangaben: 295.809 Aktien werden indirekt vom Donna Jean Reyes Trust gehalten und 220.630 Aktien sind wirtschaftlich 眉ber den Jose N. Reyes, Jr. Trust gehalten.
Die Einreichung dokumentiert, dass es sich um 脺bertragungen zwischen verbundenen Trusts handelte, nicht um Verk盲ufe am offenen Markt, und dass Reyes weiterhin der wirtschaftliche Eigent眉mer der im Trust gehaltenen Aktien ist.
FAQ
What did Jose N. Reyes Jr. report on the Form 4 for SMR?
Were any shares sold on the open market according to this Form 4?
Does Reyes retain control or economic interest after the transfers?
How many Class A shares does the Donna Jean Reyes Trust hold after the transfer?
What is the transaction date reported on the Form 4?
