FORM 3
        
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF 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 *

Feldman Karin
2. Date of Event Requiring Statement (MM/DD/YYYY)
1/5/2023 

3. Issuer Name and Ticker or Trading Symbol

NUSCALE POWER Corp [SMR]
(Last)        (First)        (Middle)

6650 SW REDWOOD LANE, SUITE 210
4. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                          _____ 10% Owner
___X___ Officer (give title below)        _____ Other (specify below)
Interim Chief Operating Office /
(Street)

PORTLAND, OR 97224      

(City)              (State)              (Zip)
5. If Amendment, Date Original Filed(MM/DD/YYYY)
 

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 Beneficially Owned
1.Title of Security
(Instr. 4)
2. Amount of Securities Beneficially Owned
(Instr. 4)
3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)
4. Nature of Indirect Beneficial Ownership
(Instr. 5)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 4)
2. Date Exercisable and Expiration Date
(MM/DD/YYYY)
3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)
4. Conversion or Exercise Price of Derivative Security5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)
6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date ExercisableExpiration DateTitleAmount or Number of Shares
Employee Stock Option (right to buy)  (1)2/22/2029 Class A Common Stock 69280.0 $4.1 D  
Employee Stock Option (right to buy)  (2)3/31/2031 Class A Common Stock 129900.0 $6.41 D  
Restricted Stock Unit  (3) (3)Class A Common Stock 39216.0  (4)D  

Explanation of Responses:
(1) The option became exercisable for 25% of the shares on February 22, 2020 and for 1/48th of the shares at the end of each one-month period thereafter, becoming fully exercisable February 1, 2023.
(2) The option became exercisable for 25% of the shares on March 31, 2022 and for 1/48th of the shares at the end of each one-month period thereafter, becoming fully exercisable April 1, 2024.
(3) The restricted stock units vest in three annual installments beginning May 2, 2022. All restricted stock units that are not vested and nonforfeitable will be forfeited to the company upon termination of employment or service.
(4) Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director10% OwnerOfficerOther
Feldman Karin
6650 SW REDWOOD LANE, SUITE 210
PORTLAND, OR 97224


Interim Chief Operating Office

Signatures
Patrick C. Cannon, attorney-in-fact for Karin Feldman1/13/2023
**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 5(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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