IBK Securities Form 5 Annual statement of changes in insider ownership

SEC Form 5

FORM 5

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Form 3 Holdings Reported.

Form 4 Transactions Reported.

1. Name and Address of Reporting Person^*

IBK Securities Co., Ltd.

(Last)

(First)

(Middle)

11 GUKJEGEUMYUNG-RO 6-GIL

YEONGDEUNGPO-GU

(Street)

SEOUL

07330

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
NUSCALE POWER Corp [ SMR ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

Director	X	10% Owner
Officer (give title below)		Other (specify below)

3. Statement for Issuer's Fiscal Year Ended (Month/Day/Year)
12/31/2022

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)	4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned at end of Issuer's Fiscal Year (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Class A Common Stock	07/20/2022		S4	83,860	D	$11.299	200,000	D⁽¹⁾⁽¹²⁾
Class A Common Stock	08/08/2022		S4	7,000	D	$15.1193	193,000	D⁽¹⁾⁽¹²⁾
Class A Common Stock	08/09/2022		S4	28,000	D	$14.9677	165,000	D⁽¹⁾⁽¹²⁾
Class A Common Stock	08/24/2022		S4	15,000	D	$15.3827	150,000	D⁽¹⁾⁽¹²⁾
Class A Common Stock	08/25/2022		S4	10,000	D	$15.2736	140,000	D⁽¹⁾⁽¹²⁾
Class A Common Stock	08/26/2022		S4	2,411	D	$14.8892	137,589	D⁽¹⁾⁽¹²⁾
Class A Common Stock	09/06/2022		S4	37,589	D	$14.4281	100,000	D⁽¹⁾⁽¹²⁾
Class A Common Stock	09/26/2022		S4	13,824	D	$12.3823	86,176	D⁽¹⁾⁽¹²⁾
Class A Common Stock	10/05/2022		S4	43,000	D	$11.6637	43,176	D⁽¹⁾⁽¹²⁾
Class A Common Stock	10/06/2022		S4	43,176	D	$11.5271	0	D⁽¹⁾⁽¹²⁾
Class A Common Stock	08/26/2022		C4	372,420	A	⁽²⁾	372,420	I⁽³⁾	Next Tech 2 New Technology Investment Fund. See Footnote⁽³⁾⁽¹²⁾
Class A Common Stock	12/07/2022		S4	35,000	D	$10.8764	337,420	I⁽³⁾	Next Tech 2 New Technology Investment Fund. See Footnote⁽³⁾⁽¹²⁾
Class A Common Stock	12/08/2022		S4	35,000	D	$10.9717	302,420	I⁽³⁾	Next Tech 2 New Technology Investment Fund. See Footnote⁽³⁾⁽¹²⁾
Class A Common Stock	11/16/2022		C4	4,241,765	A	⁽⁴⁾	4,241,765	I⁽⁵⁾	Next Tech 1 New Technology Investment Fund. See Footnote⁽⁵⁾⁽¹²⁾
Class A Common Stock	11/28/2022		S4	52,489	D	$11.0192⁽⁶⁾	4,189,276	I⁽⁵⁾	Next Tech 1 New Technology Investment Fund. See Footnote⁽⁵⁾⁽¹²⁾
Class A Common Stock	11/29/2022		S4	50,000	D	$10.7702	4,139,276	I⁽⁵⁾	Next Tech 1 New Technology Investment Fund. See Footnote⁽⁵⁾⁽¹²⁾
Class A Common Stock	11/30/2022		S4	53,376	D	$10.8402⁽⁷⁾	4,085,900	I⁽⁵⁾	Next Tech 1 New Technology Investment Fund. See Footnote⁽⁵⁾⁽¹²⁾
Class A Common Stock	12/01/2022		S4	50,000	D	$10.9201	4,035,900	I⁽⁵⁾	Next Tech 1 New Technology Investment Fund. See Footnote⁽⁵⁾⁽¹²⁾
Class A Common Stock	12/02/2022		S4	71,927	D	$10.9719⁽⁸⁾	3,963,973	I⁽⁵⁾	Next Tech 1 New Technology Investment Fund. See Footnote⁽⁵⁾⁽¹²⁾
Class A Common Stock	12/05/2022		S4	50,000	D	$10.9435	3,913,973	I⁽⁵⁾	Next Tech 1 New Technology Investment Fund. See Footnote⁽⁵⁾⁽¹²⁾
Class A Common Stock	12/06/2022		S4	51,329	D	$10.881⁽⁹⁾	3,862,644	I⁽⁵⁾	Next Tech 1 New Technology Investment Fund. See Footnote⁽⁵⁾⁽¹²⁾
Class A Common Stock	12/07/2022		S4	96,659	D	$10.8931⁽¹⁰⁾	3,765,985	I⁽⁵⁾	Next Tech 1 New Technology Investment Fund. See Footnote⁽⁵⁾⁽¹²⁾
Class A Common Stock	12/08/2022		S4	88,198	D	$10.9752⁽¹¹⁾	3,677,787	I⁽⁵⁾	Next Tech 1 New Technology Investment Fund. See Footnote⁽⁵⁾⁽¹²⁾

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)	5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Class B Common Stock	⁽²⁾	08/26/2022		4C		372,420	⁽²⁾	⁽²⁾	Class A Common Stock	372,420	⁽²⁾	0	I⁽³⁾	See Footnote⁽³⁾⁽¹²⁾
Class B Common Stock	⁽⁴⁾	11/16/2022		4C		4,241,765	⁽⁴⁾	⁽⁴⁾	Class A Common Stock	4,241,765	⁽⁴⁾	0	I⁽⁵⁾	See Footnote⁽⁵⁾⁽¹²⁾

Explanation of Responses:

1. The reported securities of the Issuer were directly held by IBK Securities Co., Ltd. ("IBKS").

2. Reflects the exchange of 372,420 shares of Class B common stock, par value $0.0001 per share ("Class B Common Stock"), of the Issuer, each paired with one Class B Unit of NuScale Power, LLC, for 372,420 shares of Class A common stock, par value $0.0001 per share ("Class A Common Stock"), of the Issuer.

3. The reported securities were directly held by Next Tech 2 New Technology Investment Fund ("Next Tech 2"). IBKS is, together with BH Investment and Liberty Ltd. ("BHI"), a co-general partner of Next Tech 2. IBKS disclaims any beneficial ownership of the securities held by NextTech 2, other than to the extent of any pecuniary interest it may have therein, directly or indirectly.

4. Reflects the exchange of 4,241,765 shares of Class B common stock, par value $0.0001 per share ("Class B Common Stock"), of the Issuer, each paired with one Class B Unit of NuScale Power, LLC, for 4,241,765 shares of Class A Common Stock.

5. The reported securities were, or are, directly held by Next Tech 1 New Technology Investment Fund ("Next Tech 1"). IBKS is, together with BH Investment and Liberty Ltd. ("BHI"), a co-general partner of Next Tech 1. IBKS disclaims any beneficial ownership of the securities held by NextTech 1, other than to the extent of any pecuniary interest it may have therein, directly or indirectly.

6. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $11.0069 to $11.2400, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth herein.

7. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $10.8380 to $10.9100, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth herein.

8. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $10.8200 to $11.1200, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth herein.

9. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $10.8789 to $11.0000, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth herein.

10. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $10.8400 to $11.0400, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth herein.

11. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $10.9200 to $11.0700, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth herein.

12. Industrial Bank of Korea ("IBK"), as the controlling person of IBKS, and the Republic of Korea Ministry of Economy and Finance ("MOEF"), as the controlling person of IBK, are deemed to be indirect beneficial owners of the shares of Class A Common Stock owned by IBKS, Next Tech 1 and Next Tech 2 and the shares of Class B Common Stock owned by NuScale Korea. IBK and MOEF disclaim any beneficial ownership of the securities held by IBKS, Next Tech 1, Next Tech 2, and NuScale Korea, other than to the extent of any pecuniary interest they may have therein, directly or indirectly.

	/s/ Chan Geol Moon	02/13/2023
	** Signature of Reporting Person	Date
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IBK Securities Form 5Annual statement of changes in insider ownership