Spruce Power CLO has shares withheld for RSU taxes

Spruce Power Holding Corp’s Chief Legal Officer, Jonathan McWhinnie Norling, had 6,032 shares of common stock withheld on April 3, 2026 to cover tax obligations tied to the vesting of restricted stock units.

Rhea-AI Filing Summary

Spruce Power Holding Corp’s Chief Legal Officer, Jonathan McWhinnie Norling, had 6,032 shares of common stock withheld on April 3, 2026 to cover tax obligations tied to the vesting of restricted stock units. The tax-withholding value was $4.13 per share. After this routine, non-market transaction, he directly holds 418,252 shares of Spruce Power common stock.

Insights

Insider transactions analyst

Routine RSU tax withholding with minimal signal for investors.

Chief Legal Officer Jonathan McWhinnie Norling had 6,032 shares of Spruce Power Holding Corp common stock withheld at $4.13 per share to satisfy tax obligations from RSU vesting on April 3, 2026. This is coded as an F transaction, a standard tax-withholding disposition.

These shares were not sold in the open market and do not represent an elective sale decision. Following the withholding, Norling still directly owns 418,252 shares, indicating the transaction is small relative to his position and is best viewed as an administrative, compensation-related event rather than a directional signal.

Insider Trade Summary

Exercise Price or Tax Liability: 6,032 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	6,032	$4.13	$25K

Holdings After Transaction: Common Stock — 418,252 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 3, 2026. The applicable RSUs were reported on the Form 4 filed April 5, 2023.

Key Figures

Shares withheld for taxes: 6,032 shares Withholding share price: $4.13 per share Shares owned after transaction: 418,252 shares

3 metrics

Shares withheld for taxes 6,032 shares Tax withholding on RSU vesting, April 3, 2026

Withholding share price $4.13 per share Value used for RSU tax-withholding shares

Shares owned after transaction 418,252 shares Direct common stock holdings after April 3, 2026

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 3, 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 April 5, 2023"

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 did SPRU’s Chief Legal Officer report in this Form 4 filing?

The filing shows Spruce Power’s Chief Legal Officer had 6,032 common shares withheld to cover taxes on vested RSUs. This was an automatic tax-withholding event, not an open-market sale, and is a standard part of equity compensation administration.

How many SPRU shares were involved in Jonathan Norling’s April 3, 2026 transaction?

A total of 6,032 Spruce Power common shares were withheld on April 3, 2026. The shares were used to satisfy tax withholding obligations arising from the vesting of restricted stock units, rather than being voluntarily sold on the open market for cash proceeds.

What price was used for the SPRU shares withheld for taxes in this Form 4?

The 6,032 Spruce Power shares withheld for tax purposes were valued at $4.13 per share. This price is used to calculate the tax withholding on RSU vesting and does not represent an elective trade or a negotiated sale in the open market by the executive.

How many SPRU shares does Jonathan Norling own after this tax-withholding event?

After the tax-withholding transaction, Jonathan Norling directly owns 418,252 Spruce Power common shares. This indicates the 6,032 withheld shares were a small portion of his overall holdings and reflects a routine compensation-related adjustment rather than a major reduction.

Was the SPRU Form 4 transaction a discretionary stock sale by the executive?

No, the Form 4 describes a tax-withholding disposition tied to RSU vesting, not a discretionary stock sale. Shares were withheld to satisfy tax obligations, a common mechanism for equity awards, rather than sold by the executive in an open-market transaction for investment reasons.

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

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Accepted by SEC EDGAR 04/10/2026 - 04:00 PM 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)
04/03/2026

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	04/03/2026		F		6,032(1)	D	$4.13	418,252	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 3, 2026. The applicable RSUs were reported on the Form 4 filed April 5, 2023.

	/s/ Jonathan M. Norling	04/10/2026
	** 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)