SPRUCE POWER HOLDING CORP Insider Trading Activity

Spruce Power Holding Corp director Clara Nagy McBane reported an equity award and a stock sale.

Rhea-AI Filing Summary

Spruce Power Holding Corp director Clara Nagy McBane reported an equity award and a stock sale. On June 24, 2025, she received 75,000 restricted stock units (RSUs), each representing one share of common stock, which will vest on June 24, 2026 if she continues in service. This increased her beneficial ownership to 147,755 shares.

On December 15, 2025, she sold 40,000 shares of Spruce Power common stock at a weighted average price of $5.057 per share, within a price range of $4.7655 to $5.10, for tax planning purposes. After these transactions, she directly owned 107,755 shares of Spruce Power common stock.

Insider Trade Summary

Net Seller: 40,000 shares

Net Sell 2 txns

Insider Nagy McBane Clara

Role Director

Sold 40,000 shs ($202K)

Type	Security	Shares	Price	Value
Sale	Common Stock	40,000	$5.057	$202K
Grant/Award	Common Stock	75,000	$0.00	$0.00

Holdings After Transaction: Common Stock — 107,755 shares (Direct)

Footnotes (3)

1. F1. 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. F2. The securities were sold for the Reporting Person's tax planning purposes.
3. F3. The price reported above is the weighted average transaction price. The range of prices for such transactions is $4.7655 to $5.10. Upon request by the Commission staff, the reporting person will provide full information regarding the number of shares sold at each separate price.

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Accepted by SEC EDGAR 12/17/2025 - 09:30 PM EST 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^*

Nagy McBane Clara

(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	$0.00	147,755	D
Common Stock	12/15/2025		S		40,000(2)	D	$5.057(3)	107,755	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.

2. The securities were sold for the Reporting Person's tax planning purposes.

3. The price reported above is the weighted average transaction price. The range of prices for such transactions is $4.7655 to $5.10. Upon request by the Commission staff, the reporting person will provide full information regarding the number of shares sold at each separate price.

	/s/ Clara Nagy McBane	12/17/2025
	** 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.