Spruce Power (NYSE: SPRU) CFO granted 60,000 restricted stock units

Rhea-AI Filing Summary

Cimino Thomas James reported acquisition or exercise transactions in this Form 4 filing.

Spruce Power Holding Corp reported that its CFO, Thomas James Cimino, received a grant of 60,000 shares of common stock in the form of restricted stock units. These RSUs were awarded at a price of $0.00 per share and will vest in four equal 15,000-share installments on December 8 of 2026, 2027, 2028 and 2029, contingent on his continued service.

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

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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^*

Cimino Thomas James

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	CFO

3. Date of Earliest Transaction (Month/Day/Year)
12/08/2025

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	12/08/2025		A		60,000(1)	A	$0	60,000	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. (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-quarter of the RSUs vest on each of December 8, 2026, December 8, 2027, December 8, 2028 and December 8, 2029.

Remarks:

	/s/ Jonathan M. Norling, as Attorney-in-Fact	12/10/2025
	** 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 SPRU report for its CFO on this Form 4?

Spruce Power (SPRU) reported that CFO Thomas James Cimino acquired 60,000 shares of common stock through a grant of restricted stock units. The award was recorded at a price of $0.00 per share and represents equity-based compensation rather than an open-market purchase.

How many RSUs did the SPRU CFO receive in this equity grant?

The CFO of Spruce Power received 60,000 restricted stock units in this transaction. Each RSU represents a contingent right to receive one share of common stock, providing long-term incentive compensation tied to continued service and future vesting milestones over several years.

What is the vesting schedule for the 60,000 RSUs granted by SPRU?

The 60,000 RSUs vest in four equal installments, one-quarter on December 8, 2026, and additional quarters on December 8 of 2027, 2028 and 2029. Vesting is conditioned on the CFO’s continued service through each respective vesting date.

Did the SPRU CFO pay anything for the 60,000 RSU award?

No cash payment was required for this award; the RSUs were granted at $0.00 per share. This indicates the transaction reflects stock-based compensation rather than a traditional share purchase made in the open market or through a discretionary buy program.

How many SPRU shares does the CFO hold after this RSU grant?

Following the grant, the filing shows the CFO with 60,000 shares of common stock reported in his direct holdings. These are represented by the awarded RSUs, which convert into shares only as they vest according to the specified four-year vesting schedule.

Is this SPRU Form 4 transaction a buy or a grant for the CFO?

This transaction is a grant or award acquisition, coded as an "A" transaction. It reflects 60,000 restricted stock units granted as compensation, rather than an open-market buy or sell, and is classified as an acquisition of non-derivative common stock-based units.