Spruce Power (NYSE: SPRU) director granted 75,000 RSUs

Rhea-AI Filing Summary

LEDECKY JONATHAN J reported acquisition or exercise transactions in this Form 4 filing.

Spruce Power Holding Corp director Jonathan J. Ledecky received an award of 75,000 restricted stock units representing common shares on June 24, 2025 at a stated price of $0.00 per share. The RSUs vest on June 24, 2026, subject to his continued service. Following this grant, he directly holds 122,463 shares and has indirect ownership of 328,125 shares through Ironbound Partners Fund, LLC, while disclaiming beneficial ownership of those indirect shares except for his proportionate pecuniary interest.

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

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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).

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^*

LEDECKY JONATHAN J

(Last) (First) (Middle)

820 GESSNER RD

SUITE 500

(Street)

HOUSTON TX 77024

(City) (State) (Zip)

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

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

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

3. Date of Earliest Transaction (Month/Day/Year)
06/24/2025

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 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	06/24/2025		A		75,000(1)	A	$0	122,463	D
Common Stock								328,125	I	By Ironbound Partners Fund, LLC(2)

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 awarded are in the form of restricted stock units (RSUs) that each represent a contingent right to receive one share of the issuer's common stock. Subject to the reporting person's continued service through the vesting date, the RSUs will vest on June 24, 2026.

2. Includes 328,125 shares held by Ironbound Partners Fund, LLC, an affiliate of the reporting person. Notwithstanding his dispositive and voting control over such shares, the reporting person disclaims beneficial ownership of the shares of our common stock held by Ironbound Partners Fund, LLC, except to the extent of his proportionate pecuniary interest therein.

Remarks:

	/s/ Jonathan J. Ledecky	10/08/2025
	** 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.

FAQ

What insider transaction did SPRU director Jonathan J. Ledecky report?

Jonathan J. Ledecky reported receiving 75,000 restricted stock units in Spruce Power common stock. The award was recorded at a price of $0.00 per share and reflects equity-based compensation rather than an open-market purchase, increasing his direct share holdings in the company.

When do Jonathan J. Ledecky’s 75,000 RSUs in SPRU vest?

The 75,000 RSUs granted to Jonathan J. Ledecky vest on June 24, 2026. Vesting is contingent on his continued service with Spruce Power through that date, meaning the shares are not deliverable until the vesting condition is satisfied.

How many SPRU shares does Jonathan J. Ledecky directly own after this grant?

After the RSU award, Jonathan J. Ledecky directly owns 122,463 Spruce Power common shares. This figure reflects his direct holdings only and is separate from additional shares held indirectly through an affiliated investment entity, Ironbound Partners Fund, LLC.

What is Ironbound Partners Fund, LLC’s role in SPRU share ownership?

Ironbound Partners Fund, LLC holds 328,125 Spruce Power shares as an affiliate of Jonathan J. Ledecky. He has voting and dispositive control over these shares but disclaims beneficial ownership except to the extent of his proportionate pecuniary interest in the fund.

Did Jonathan J. Ledecky buy or sell SPRU shares on the open market?

The filing shows an equity award of 75,000 RSUs at $0.00 per share, not an open-market trade. It records a grant or other acquisition of stock-based compensation, with no reported open-market purchases or sales of Spruce Power common shares in this transaction.