Spruce Power (NYSE: SPRU) CLO uses 18,669 shares to cover RSU tax withholding

Rhea-AI Filing Summary

Spruce Power Holding Corp Chief Legal Officer Jonathan McWhinnie Norling reported a routine tax-related share disposition. On May 12, 2026, 18,669 shares of common stock were withheld at $3.24 per share to cover tax obligations from vesting restricted stock units. After this withholding, he directly holds 399,583 shares of common stock.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Norling Jonathan McWhinnie

Role Chief Legal Officer

Type	Security	Shares	Price	Value
Tax Withholding	Common Stock	18,669	$3.24	$60K

Holdings After Transaction: Common Stock — 399,583 shares (Direct, null)

Footnotes (1)

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Key Figures

Shares withheld for taxes: 18,669 shares Withholding share value: $3.24 per share Shares held after transaction: 399,583 shares +1 more

4 metrics

Shares withheld for taxes 18,669 shares Tax withholding on RSU vesting May 12, 2026

Withholding share value $3.24 per share Value used for tax-withholding disposition

Shares held after transaction 399,583 shares Direct common stock holdings after May 12, 2026 transaction

Tax-withholding shares 18,669 shares Reported as taxWithholdingShares in summary

Key Terms

restricted stock units (RSUs), tax withholding obligations, Form 4

3 terms

restricted stock units (RSUs) financial

"with respect to the vesting of restricted stock units (RSUs) on May 12, 2026"

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.

tax withholding obligations financial

"were withheld to pay the reporting person's tax withholding obligations with respect to the vesting"

Form 4 regulatory

"The applicable RSUs were reported on the Form 4 filed May 14, 2025"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

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^*

Norling Jonathan McWhinnie

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/12/2026

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	05/12/2026		F		18,669(1)	D	$3.24	399,583	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 were withheld to pay the reporting person's tax withholding obligations with respect to the vesting of restricted stock units (RSUs) on May 12, 2026. The applicable RSUs were reported on the Form 4 filed May 14, 2025.

	/s/ Jonathan M. Norling	05/13/2026
	** 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)

FAQ

What insider transaction did SPRU's Chief Legal Officer report?

Spruce Power’s Chief Legal Officer reported a tax-related share disposition. 18,669 common shares were withheld to cover taxes from vesting restricted stock units, rather than sold on the open market, reflecting a compensation-driven, non-market transaction.

Was the SPRU insider transaction an open-market sale of shares?

No, the transaction was not an open-market sale. 18,669 shares were withheld by the company to satisfy tax withholding obligations on vested RSUs, which is a standard compensation and payroll mechanism, not a discretionary sale into the market.

How many SPRU shares does the Chief Legal Officer hold after this transaction?

Following the tax-withholding disposition, the Chief Legal Officer directly holds 399,583 common shares of Spruce Power. This figure reflects his position after 18,669 shares were withheld to pay taxes on restricted stock unit vesting.

What price per share was used for the SPRU tax-withholding transaction?

The tax-withholding disposition used a value of $3.24 per share for 18,669 common shares. This value is applied for calculating the tax obligation related to the vesting restricted stock units, as reported in the insider filing.

What triggered the SPRU share withholding for the Chief Legal Officer?

The withholding was triggered by the vesting of restricted stock units (RSUs) on May 12, 2026. To cover associated tax withholding obligations, 18,669 common shares were retained rather than delivered as part of the vested RSU award.