Spruce Power (SPRU) director granted 75,000 RSUs vesting in 2026

Rhea-AI Filing Summary

Spruce Power Holding Corp. director equity grant: Director John P. Miller was awarded 75,000 shares of common stock in the form of restricted stock units on June 24, 2025, at a grant price of $0 per share. After this award, he beneficially owns 155,593 common shares.

The RSUs each represent the right to receive one share of common stock and will vest on June 24, 2026, provided Miller continues to serve through that vesting date. The filing classifies his ownership as direct.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Miller John P.

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	75,000	$0.00	--

Holdings After Transaction: Common Stock — 155,593 shares (Direct)

Footnotes (1)

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Form 4 Insider Transactions: What Each Field Means →

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^*

Miller John P.

(Last) (First) (Middle)

820 GESSNER RD

SUITE 500

(Street)

HOUSTON TX 77024

(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	155,593	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 SPRUCE POWER (SPRU) report for John P. Miller?

Spruce Power reported that director John P. Miller received 75,000 restricted stock units of common stock on June 24, 2025, at a grant price of $0 per share. These RSUs convert into shares upon vesting, increasing his equity-based compensation stake in the company.

How many SPRU shares does John P. Miller own after the June 24, 2025 grant?

Following the June 24, 2025 restricted stock unit grant, director John P. Miller beneficially owns 155,593 shares of Spruce Power common stock. This total reflects his direct holdings after the award of 75,000 RSU-linked shares reported in the Form 4 filing.

What are the terms of the 75,000 RSUs granted to the SPRU director?

The 75,000 securities granted to John P. Miller are restricted stock units, each representing a right to receive one share of Spruce Power common stock. These RSUs will vest on June 24, 2026, conditioned on his continued service with the company through that vesting date.

When do John P. Miller’s Spruce Power RSUs vest?

John P. Miller’s restricted stock units from Spruce Power are scheduled to vest on June 24, 2026. Vesting is contingent on his continued service with the company through that date, after which each RSU converts into one share of common stock.

Was there any cash paid for the 75,000 Spruce Power shares reported?

No cash changed hands for the 75,000 Spruce Power shares reported, as the Form 4 shows a transaction price of $0 per share. The award was granted as equity compensation through restricted stock units rather than a market purchase.

Is John P. Miller’s ownership in SPRUCE POWER classified as direct or indirect?

John P. Miller’s ownership in Spruce Power following the June 24, 2025 RSU grant is classified as direct. The Form 4 indicates a direct ownership form for the 155,593 beneficially owned common shares, with no intermediary entity noted in the filing excerpt.