Sec Form 5 Filing - IBK Securities Co., Ltd. @ NUSCALE POWER Corp - 2022-12-31

FORM 5 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 Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person IBK Securities 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) 11 GUKJEGEUMYUNG-RO 6-GIL, YEONGDEUNGPO-GU 3. Date of Earliest Transaction (MM/DD/YY) 12/31/2022 (Street) SEOUL, M507330 4. If Amendment, Date Original Filed (MM/DD/YY) 6. Individual or Joint/Group Filing (Check Applicable Line) __ X __ Form filed by One Reporting Person _____ Form filed by More than One Reporting Person (City) (State) (Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1.Title of Security (Instr. 3) 2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction 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 07/20/2022 S 83,860 D $ 11.299 200,000 D ( 1 ) ( 12 ) Class A Common Stock 08/08/2022 S 7,000 D $ 15.1193 193,000 D ( 1 ) ( 12 ) Class A Common Stock 08/09/2022 S 28,000 D $ 14.9677 165,000 D ( 1 ) ( 12 ) Class A Common Stock 08/24/2022 S 15,000 D $ 15.3827 150,000 D ( 1 ) ( 12 ) Class A Common Stock 08/25/2022 S 10,000 D $ 15.2736 140,000 D ( 1 ) ( 12 ) Class A Common Stock 08/26/2022 S 2,411 D $ 14.8892 137,589 D ( 1 ) ( 12 ) Class A Common Stock < /span> 09/06/2022 S 37,589 D $ 14.4281 100,000 D ( 1 ) ( 12 ) Class A Common Stock 09/26/2022 S 13,824 D $ 12.3823 86,176 D ( 1 ) ( 12 ) Class A Common Stock 10/05/2022 S 43,000 D $ 11.6637 43,176 D ( 1 ) ( 12 ) Class A Common Stock 10/06/2022 S 43,176 D $ 11.5271 0 D ( 1 ) ( 12 ) Class A Common Stock 08/26/2022 C 372,420 A 372,420 I ( 3 ) Next Tech 2 New Technology Investment Fund. See Footnote ( 3 ) ( 12 ) Class A Common Stock 12/07/2022 S 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 S 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 C 4,241,765 A 4,241,765 I ( 5 ) Next Tech 1 New Technology Investment Fund. See Footnote ( 5 ) ( 12 ) Class A Common Stock 11/28/2022 S 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 S 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 S 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 S 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 S 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 S 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 S 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 S 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 S 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 (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 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 (MM/DD/YY) 7. Title and Amount of Underlying Securities (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) Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares Class B Common Stock ( 2 ) 08/26/2022 C 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 C 4,241,765 ( 4 ) ( 4 ) Class A Common Stock 4,241,765 ( 4 ) 0 I ( 5 ) See Footnote ( 5 ) ( 12 )

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other IBK Securities Co., Ltd. 11 GUKJEGEUMYUNG-RO 6-GIL YEONGDEUNGPO-GU SEOUL, M507330 X Signatures /s/ Chan Geol Moon 02/13/2023 Signature of Reporting Person Date

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.

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