Spruce Power CLO shares withheld for tax on RSUs

Spruce Power Holding Corp's Chief Legal Officer, Jonathan McWhinnie Norling, had 11,233 shares of common stock withheld on April 1, 2026 to cover tax obligations from vesting restricted stock units.

Rhea-AI Filing Summary

Spruce Power Holding Corp's Chief Legal Officer, Jonathan McWhinnie Norling, had 11,233 shares of common stock withheld on April 1, 2026 to cover tax obligations from vesting restricted stock units. This was a tax-withholding disposition at $4.11 per share, not an open-market sale. After the withholding, he directly held 424,284 common shares, indicating he retained a substantial equity position following the RSU vesting event.

Insider Trade Summary

Exercise Price or Tax Liability: 11,233 shares

Exercise Price or Tax Liability 1 txn

Insider Norling Jonathan McWhinnie

Role Chief Legal Officer

Type	Security	Shares	Price	Value
Exercise Price or Tax Liability	Common Stock	11,233	$4.11	$46K

Holdings After Transaction: Common Stock — 424,284 shares (Direct)

Footnotes (1)

1. F1. The securities were withheld to pay the reporting person's tax withholding obligations with respect to the vesting of restricted stock units (RSUs) on April 1, 2026. The applicable RSUs were reported on the Form 4 filed March 21, 2025.

Key Figures

Shares withheld for taxes: 11,233 shares Withholding price per share: $4.11 per share Shares held after transaction: 424,284 shares

3 metrics

Shares withheld for taxes 11,233 shares Tax-withholding disposition on April 1, 2026

Withholding price per share $4.11 per share Value used for RSU tax withholding

Shares held after transaction 424,284 shares Direct common stock holdings after April 1, 2026 event

Key Terms

restricted stock units (RSUs), tax withholding obligations, Form 4

3 terms

restricted stock units (RSUs) financial

"with respect to the vesting of restricted stock units (RSUs) on April 1, 2026"

Restricted stock units (RSUs) are a type of company promise to give employees shares of stock in the future, usually after certain conditions like working for a set time. They are like a gift promised today that you receive later, which can become valuable if the company's stock price goes up. RSUs matter because they are a way companies reward employees and can be a significant part of compensation.

tax withholding obligations financial

"withheld to pay the reporting person's tax withholding obligations with respect to the vesting"

Form 4 regulatory

"The applicable RSUs were reported on the Form 4 filed March 21, 2025"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did SPRU's Chief Legal Officer report on this Form 4?

The Chief Legal Officer reported a tax-withholding disposition of 11,233 Spruce Power common shares. The shares were withheld by the company to satisfy tax obligations arising from vesting restricted stock units on April 1, 2026, rather than being sold in the market.

Was the SPRU Form 4 transaction an open-market sale of shares?

No, the transaction was not an open-market sale. It was a tax-withholding disposition, where 11,233 shares were retained by the company at $4.11 per share to cover the officer’s tax liabilities from RSU vesting on April 1, 2026.

How many SPRU shares were withheld for taxes and at what price?

A total of 11,233 Spruce Power common shares were withheld for taxes at $4.11 per share. This withholding satisfied the reporting person’s tax obligations triggered by the vesting of previously granted restricted stock units on April 1, 2026.

How many SPRU shares does the Chief Legal Officer hold after this Form 4 event?

Following the tax-withholding disposition, the Chief Legal Officer directly holds 424,284 Spruce Power common shares. This post-transaction balance reflects his remaining equity stake after 11,233 shares were withheld to cover tax obligations associated with RSU vesting.

What triggered the tax withholding reported in Spruce Power’s Form 4 filing?

The tax withholding was triggered by the vesting of restricted stock units on April 1, 2026. To cover the resulting tax obligations, 11,233 common shares of Spruce Power were withheld, as disclosed in the footnote referencing previously reported RSUs from a March 21, 2025 Form 4.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 04/06/2026 - 09:21 AM EDT Learn about SEC filing dates

SEC Form 4

FORM 4

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
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Norling Jonathan McWhinnie

(Last) (First) (Middle)

820 GESSNER RD, SUITE 500

(Street)

HOUSTON TEXAS 77024

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
SPRUCE POWER HOLDING CORP [ SPRU ]

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/01/2026

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

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

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

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 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
Common Stock	04/01/2026		F		11,233(1)	D	$4.11	424,284	D

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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. The securities were withheld to pay the reporting person's tax withholding obligations with respect to the vesting of restricted stock units (RSUs) on April 1, 2026. The applicable RSUs were reported on the Form 4 filed March 21, 2025.

	/s/ Jonathan M. Norling	04/06/2026
	** Signature of Reporting Person	Date
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 Number.
* Form 4: SEC 1474 (03-26)