13D Filings
NUSCALE POWER Corp
SMR
Amendment
Ownership

39.10%

Total Shares

111,400,219

Issuer CIK

1822966

CUSIP

67079K100

Event Date

Oct 7, 2025

Accepted

Oct 9, 2025, 04:28 PM

Reporting Persons (3)
Joint Filing

This is a joint filing. The reported shares may overlap between reporting persons and should not be summed.

NameType% of ClassAggregateSole VotingShared Voting
Fluor Corporation
CO
39.10%111,400,2190111,400,219
Fluor Enterprises, Inc.
CO
39.10%111,400,2190111,400,219
NuScale Holdings Corp.
CO
0.20%463,7470463,747
Disclosure Items (3)

Security Title

Class A Common Stock, par value $0.0001 per share

Issuer Name

NUSCALE POWER Corp

Issuer Address

1100 NE Circle Blvd., Suite 200, Corvallis, OR, 97330

This Amendment No. 5 on Schedule 13D/A (this "Amendment No. 5") is being filed jointly by (i) Fluor Corporation, a Delaware corporation and a publicly listed company on the New York Stock Exchange ("Fluor"), (ii) Fluor Enterprises, Inc., a California corporation ("Fluor Enterprises") and wholly owned subsidiary of Fluor, and (iii) NuScale Holdings Corp., an Oregon corporation ("NuScale Holdings", together with Fluor Enterprises and Fluor, the "Reporting Persons"). This Amendment No. 5 amends and supplements the Schedule 13D previously filed by the Reporting Persons on May 12, 2022, as amended by Amendment No. 1 filed on November 3, 2022, Amendment No. 2 filed on August 1, 2025, Amendment No. 3 filed on September 23, 2025 and Amendment No. 4 filed on October 1, 2025 (the "Original Filing"), with respect to the Class A Common Stock of NuScale Power Corporation (the "Issuer"). The Items below amend and supplement the information disclosed under the corresponding Items of the Original Filing. Item 4 is hereby amended and supplemented to add the following: As previously disclosed, on August 12, 2025, Fluor Enterprises exchanged 15,000,000 Class B common units of NuScale Power, LLC (together with the cancellation of 15,000,000 shares of Class B Common Stock) for 15,000,000 shares of Class A Common Stock pursuant to that certain Exchange and Lock-Up Agreement, dated as of July 31, 2025, by and among NuScale Power Corporation, NuScale Power, LLC and Fluor Enterprises (the "Exchange and Lock-Up Agreement"), which is referenced herein as Exhibit 10 to Amendment 2 and incorporated by reference. Following the expiration of the initial lock-up period under the Exchange and Lock-Up Agreement, Fluor Enterprises commenced sales of Class A Common Stock on Tuesday, September 16, 2025, in transactions permitted by, and effected in compliance with, the Exchange and Lock-Up Agreement (including, from and after September 11, 2025, the daily volume limitations described therein). On October 8, 2025, Fluor Enterprises completed the sale of all such 15,000,000 shares of Class A Common Stock. As a result of such sales, the Reporting Persons' percentage beneficial ownership of the Issuer's outstanding equity securities has decreased from that previously reported.

Item 5 is hereby amended and supplemented to add the following: (a) - (c) As of the date of filing this Amendment No. 5, Fluor Enterprises is the record owner of 110,936,472 shares of Class B Common Stock (representing 38.9% of the total outstanding shares of Class B Common Stock and Class A Common Stock), and NuScale Holdings is the record owner of 463,747 shares of Class B Common Stock (representing 0.2% of the total outstanding shares of Class B Common Stock and Class A Common Stock). Each Class B common unit of NuScale LLC (together with the cancellation of a share of Class B Common Stock) is exchangeable for a share of Class A Common Stock. To the knowledge of the Reporting Persons, information regarding the beneficial ownership of Class A Common Stock held by the persons listed in Schedule A as of March 24, 2025 is reported in the proxy statement of the Issuer filed on April 9, 2025 with the SEC under the heading "BENEFICIAL OWNERSHIP OF SECURITIES", which is incorporated by reference herein. As a result of the sales of Class A Common Stock by Fluor Enterprises beginning on September 16, 2025, as permitted under the Exchange and Lock-Up Agreement, the Reporting Persons' beneficial ownership of the Issuer's outstanding equity securities has decreased from the amounts previously reported.

NUSCALE POWER Corp — Schedule 13D | 13D Filings