Spruce Power grants 105K RSUs to director

A Spruce Power director received a multi‑year RSU grant tied to continued board service, raising his directly reported holdings.

Rhea-AI Filing Summary

SPRUCE POWER HOLDING CORP (symbol: SPRU) is the issuer of record for a Form 4 filing submitted to the SEC. HOWARD JACK L reported acquisition or exercise transactions in this Form 4 filing.

SPRUCE POWER HOLDING CORP (SPRU) reported an equity award to director Jack L. Howard. On September 2, 2026, he received a grant of 105,140 shares of Common Stock in the form of restricted stock units at a reference value of $2.14 per share, increasing his directly held position to 155,140 shares.

The RSUs each represent a contingent right to receive one share of common stock and vest in three equal installments on September 2, 2027, September 2, 2028, and September 2, 2029, subject to his continued service. The reporting person is part of a Section 13(d) group that owns more than 10% of Spruce Power’s outstanding common stock, and he disclaims beneficial ownership of securities held directly by the other group members.

Insider Trade Summary

Grant/Award: 105,140 shares

Grant/Award 1 txn

Insider HOWARD JACK L

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock, par value $0.0001 per share F1, F2	105,140	$2.14	$225K

Holdings After Transaction: Common Stock, par value $0.0001 per share — 155,140 shares (Direct)

Footnotes (2)

1. F1. The reporting person is a member of a Section 13(d) group that owns more than 10% of the Issuer's outstanding shares of Common Stock. The reporting person disclaims beneficial ownership of the securities reported herein and owned directly by the other members of the Section 13(d) group, except to the extent of his pecuniary interest therein.
2. F2. 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 September 2, 2027, September 2, 2028 and September 2, 2029.

Key Figures

RSUs granted: 105,140 shares Reference price per share: $2.14 per share Shares owned after transaction: 155,140 shares +3 more

6 metrics

RSUs granted 105,140 shares Restricted stock unit award on September 2, 2026

Reference price per share $2.14 per share Reported price for the RSU grant of common stock

Shares owned after transaction 155,140 shares Directly held Spruce Power common stock after the award

First vesting date September 2, 2027 One-third of RSUs vest, subject to continued service

Final vesting date September 2, 2029 Last one-third of RSUs vest, subject to continued service

Section 13(d) group ownership threshold More than 10% of outstanding common stock Ownership level of the group of which the director is a member

Key Terms

restricted stock units, Section 13(d) group, pecuniary interest

3 terms

restricted stock units financial

"The securities awarded are in the form of restricted stock units (RSUs)"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

Section 13(d) group regulatory

"The reporting person is a member of a Section 13(d) group"

pecuniary interest financial

"except to the extent of his pecuniary interest therein"

FAQ

What insider transaction did SPRU report for Jack L. Howard on this Form 4?

The filing reports that Jack L. Howard received a grant of 105,140 restricted stock units of Spruce Power common stock on September 2, 2026, categorized as a grant, award, or other acquisition of non-derivative common stock.

How many SPRU shares does Jack L. Howard hold after this RSU grant?

After the reported transaction, Jack L. Howard is shown as directly owning 155,140 shares of Spruce Power common stock. This reflects the addition of 105,140 shares reported as awarded in the form of restricted stock units.

What are the vesting terms of the RSUs granted to the SPRU director?

The RSUs vest in three equal installments: one-third on September 2, 2027, one-third on September 2, 2028, and one-third on September 2, 2029, in each case subject to Jack L. Howard’s continued service through the applicable vesting date.

What does the $2.14 figure represent in the SPRU Form 4 filing?

The Form 4 lists a price of $2.14 per share for the 105,140 awarded RSUs. This is the reference price per share associated with the equity award, reported for the non-derivative common stock underlying the restricted stock units.

Is Jack L. Howard part of a large shareholder group in SPRU?

Yes. A footnote states he is a member of a Section 13(d) group that owns more than 10% of Spruce Power’s outstanding common stock. He disclaims beneficial ownership of securities held directly by the other group members, except to the extent of his pecuniary interest.

Were the SPRU transactions reported under a Rule 10b5-1 trading plan?

No. The Form 4’s Rule 10b5-1 checkbox is not marked as affirming a plan, and the footnotes do not describe any Rule 10b5-1 or pre-arranged trading plan for this RSU grant.

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

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Available on EDGAR 09/04/2026 - 05:42 PM Accepted by SEC EDGAR 09/04/2026 - 05:42 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^*

HOWARD JACK L

(Last) (First) (Middle)

590 MADISON AVENUE, 32ND FLOOR

(Street)

NEW YORK NEW YORK 10022

(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)

X	Director		10% Owner
	Officer (give title below)	X	Other (specify below)
			See Explanation of Responses

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/02/2026

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, par value $0.0001 per share(1)	09/02/2026		A		105,140(2)	A	$2.14	155,140	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 reporting person is a member of a Section 13(d) group that owns more than 10% of the Issuer's outstanding shares of Common Stock. The reporting person disclaims beneficial ownership of the securities reported herein and owned directly by the other members of the Section 13(d) group, except to the extent of his pecuniary interest therein.

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, one-third of the RSUs vest on each of September 2, 2027, September 2, 2028 and September 2, 2029.

	/s/ Maria Reda, attorney-in-fact for Jack L. Howard	09/04/2026
	** 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)