Director at Spruce Power (SPRU) awarded 75,000 RSUs vesting in 2026

Rhea-AI Filing Summary

Lee Ja-Chin reported acquisition or exercise transactions in this Form 4 filing.

SPRUCE POWER HOLDING CORP director Ja-Chin Lee received an equity award of 75,000 shares in the form of restricted stock units (RSUs). Each RSU represents the right to receive one share of common stock, at a price of $0.0000 per share on the grant date.

The RSUs will vest on June 24, 2026, subject to Lee’s continued service through that date. Following this grant, Lee’s directly held common stock, including RSUs, totals 143,933 shares, reflecting an increased equity stake aligned with the company’s long-term performance.

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^*

Lee Ja-Chin

(Last) (First) (Middle)

2000 S COLORADO BLVD, SUITE 2-825

(Street)

DENVER CO 80222

(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	143,933	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 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.

Remarks:

	/s/ Jonathan M. Norling, as Attorney-in-Fact	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 Ja-Chin Lee report on this Form 4?

Ja-Chin Lee reported receiving a grant of 75,000 restricted stock units of Spruce Power Holding Corp common stock. These RSUs were awarded at a stated price of $0.0000 per share and increase Lee’s total directly held common stock position to 143,933 shares after the grant.

How many Spruce Power (SPRU) shares does Ja-Chin Lee hold after this RSU grant?

After the RSU grant, Ja-Chin Lee holds a total of 143,933 shares of Spruce Power common stock. This figure includes the newly awarded 75,000 restricted stock units, which each represent a contingent right to receive one share upon vesting, subject to continued service.

When do Ja-Chin Lee’s 75,000 Spruce Power RSUs vest?

The 75,000 restricted stock units awarded to Ja-Chin Lee are scheduled to vest on June 24, 2026. Vesting is contingent upon Lee’s continued service with Spruce Power through that vesting date, meaning the units convert into common shares only if this condition is met.

What type of equity award did Spruce Power grant to director Ja-Chin Lee?

Spruce Power granted Ja-Chin Lee restricted stock units, or RSUs, representing 75,000 shares of common stock. Each RSU is a contingent right to receive one share, with no cash paid at grant, and becomes actual stock only upon satisfying the vesting condition on June 24, 2026.

Was Ja-Chin Lee’s Spruce Power RSU grant a purchase or an award?

The transaction was an equity award, not an open-market purchase. The Form 4 uses code “A” for a grant, award, or other acquisition, with a per-share price of $0.0000, indicating the 75,000 restricted stock units were granted as compensation rather than bought for cash.