FORM 4
[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

DS Asset Management Co., Ltd.
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)
(Last)          (First)          (Middle)

10, GUKJEGEUMYUNG-RO, YEONGDEUNGPO-GU, 14TH FLOOR
3. Date of Earliest Transaction (MM/DD/YYYY)

10/28/2022
(Street)

SEOUL, M5 07326
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

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

___ Form filed by One Reporting Person
_ X _ 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. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Class A Common Stock 10/28/2022  S  98283 D$11.537 2539061 (1)(5)D  
Class A Common Stock 10/31/2022  S  49405 D$11.369 2489656 (2)(5)D  
Class A Common Stock         5210000 (3)(5)D  
Class A Common Stock         7699656 (4)(5)I By DS Private Equity Co., Ltd. and DS Asset Management Co., Ltd. 

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security3. Trans. Date3A. Deemed Execution Date, if any4. Trans. Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
6. Date Exercisable and Expiration Date7. 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 of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares

Explanation of Responses:
(1) The price reported in Column 4 is a weighted average price. These shares of Class A Common Stock of NuScale Power Corporation (the "Company") were sold by DS Asset Management Co., Ltd. in multiple transactions at prices ranging from $11.50 to $11.75, inclusive. The reporting person undertakes to provide to the Company, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares of Class A Common Stock sold at each separate price within the ranges set forth in footnote (1) to this Form 4.
(2) The price reported in Column 4 is a weighted average price. These shares of Class A Common Stock of the Company were sold by DS Asset Management Co., Ltd. in multiple transactions at prices ranging from $11.30 to $11.56, inclusive. The reporting person undertakes to provide to the Company, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares of Class A Common Stock sold at each separate price within the ranges set forth in footnote (2) to this Form 4.
(3) DS Private Equity Co., Ltd. beneficially owns 5,210,000 shares of Class A Common Stock of the Issuer directly.
(4) Dok Soo Jang beneficially owns shares of Class A Common Stock indirectly through his 60% ownership of DS Private Equity Co., Ltd. and his 87.6% ownership of DS Asset Management Co., Ltd.
(5) Each of DS Asset Management Co., Ltd. and Mr. Jang disclaim beneficial ownership of the reported shares of Class A Common Stock held by DS Private Equity Co., Ltd. and each of DS Private Equity Co., Ltd. and Mr. Jang disclaim beneficial ownership of the reported shares of Class A Common Stock held by DS Asset Management Co., Ltd., except in each case, to the extent of its or his pecuniary interest therein. This report shall not be deemed an admission that DS Private Equity, DS Asset Management or Mr. Jang are beneficial owners of the securities reported herein for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director10% OwnerOfficerOther
DS Asset Management Co., Ltd.
10, GUKJEGEUMYUNG-RO, YEONGDEUNGPO-GU
14TH FLOOR
SEOUL, M5 07326

X

DS Private Equity Co., Ltd.
ONE INTERNATIONAL FINANCE CENTRE 14TH FL
10, GUKJEGEUMYUNG-RO, YEONGDEUNGPO-GU
SEOUL, M5 07326

X

Dok Soo Jang
10, GUKJEGEUMYUNG-RO, YEONGDEUNGPO-GU
14TH FLOOR
SEOUL, M5 07326

X


Signatures
DS Private Equity Co., Ltd. /s/ Steve S. Herr, Managing Director11/1/2022
**Signature of Reporting PersonDate

DS Asset Management Co., Ltd. /s/ Eunju Lee, Executive Vice President11/1/2022
**Signature of Reporting PersonDate

/s/ Dok Soo Jang11/1/2022
**Signature of Reporting PersonDate


Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
*If the form is filed by more than one reporting person, see Instruction 4(b)(v).
**Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note:File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
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