STOCK TITAN
  1. Home
  2. Sec-filings
  3. SPRU
  4. [Form 4] SPRUCE POWER HOLDING CORP Insider Trading Activity

Spruce Power (SPRU) director receives new multi-year RSU grants

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Kravetz Shawn W reported acquisition or exercise transactions in this Form 4 filing.

Spruce Power Holding Corp director Shawn W. Kravetz reported equity awards in the form of restricted stock units (RSUs). He was granted 112,500 RSUs that vest in three equal installments on June 24, 2026, June 24, 2027, and June 24, 2028, subject to continued service.

A separate award of 75,000 RSUs will vest in full on June 24, 2026, also conditioned on his continued service. Following these awards, filings show direct holdings of common stock and an additional 311,382 shares reported as indirectly held through Esplanade Capital LLC and its affiliates.

Positive

  • None.

Negative

  • None.
Insider Kravetz Shawn W
Role null
Type Security Shares Price Value
Grant/Award Common Stock 75,000 $0.00 --
Grant/Award Common Stock 112,500 $0.00 --
holding Common Stock -- -- --
Holdings After Transaction: Common Stock — 83,000 shares (Direct, null); Common Stock — 311,382 shares (Indirect, By: Esplanade Capital LLC and its affiliates)
Footnotes (1)
  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, one-third of the RSUs vest on each of June 24, 2026, June 24, 2027 and June 24, 2028 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.
RSU grant size 112,500 units RSUs vest one-third each on June 24, 2026, 2027, 2028
RSU grant size 75,000 units RSUs vest in full on June 24, 2026
Grant price $0.0000 per share RSU awards reported as equity compensation, not purchases
Indirect holdings 311,382 shares Common stock held indirectly via Esplanade Capital LLC & affiliates
Direct holdings after award 195,500 shares Common stock total shown following one RSU-related entry
Additional direct holdings 83,000 shares Common stock total shown following another RSU-related entry
restricted stock units (RSUs) financial
"The securities awarded are in the form of restricted stock units (RSUs)"
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.
contingent right financial
"each represent a contingent right to receive one share of the issuer's common stock"
continued service financial
"Subject to the reporting person's continued service through the vesting date"
indirect ownership financial
"By: Esplanade Capital LLC and its affiliates"
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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*
Kravetz Shawn W
(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)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/24/2025		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(A) or (D)Price
Common Stock06/24/2025A75,000(1)A$083,000D
Common Stock06/24/2025A112,500(2)A$0195,500D
Common Stock311,382IBy: Esplanade Capital LLC and its affiliates
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount 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, one-third of the RSUs vest on each of June 24, 2026, June 24, 2027 and June 24, 2028
2. 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-Fact05/06/2026
** 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 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)

Source: View Original Filing on SEC EDGAR

FAQ

What did Shawn W. Kravetz report in his Form 4 for SPRU?

Shawn W. Kravetz reported receiving equity awards in the form of restricted stock units (RSUs) tied to Spruce Power Holding Corp common stock. These RSUs vest over time, subject to his continued service with the company, rather than being immediate cash or open-market share purchases.

How many RSUs did Spruce Power (SPRU) grant to director Shawn Kravetz?

Spruce Power granted Shawn Kravetz two RSU awards: 112,500 units in one grant and 75,000 units in another. Each RSU represents a contingent right to receive one share of common stock if vesting conditions, primarily continued service, are satisfied over the specified schedule.

What is the vesting schedule for Shawn Kravetz’s 112,500 RSUs at SPRU?

The 112,500 RSUs vest in three equal installments: one-third on June 24, 2026, one-third on June 24, 2027, and one-third on June 24, 2028. Vesting requires that Shawn Kravetz continue serving the company through each respective vesting date.

When do the additional 75,000 RSUs awarded to Shawn Kravetz vest?

The separate 75,000 RSU award to Shawn Kravetz will vest in full on June 24, 2026. This vesting is contingent on his continued service with Spruce Power through that vesting date, after which each RSU converts into one share of common stock.

Are Shawn Kravetz’s Form 4 transactions in SPRU open-market share purchases?

No, the reported acquisitions are RSU grants, not open-market purchases. The Form 4 shows awards at a price of zero per share, reflecting equity compensation that converts into shares only if vesting conditions, such as continued service, are satisfied over the specified time periods.

What indirect holdings in Spruce Power does Shawn Kravetz report?

The filing shows 311,382 shares of Spruce Power common stock reported as indirectly owned by Shawn Kravetz through Esplanade Capital LLC and its affiliates. This entry reflects indirect beneficial ownership separate from his directly held equity awards and common stock positions disclosed in the same filing.