Eric M. Tech - Mar 15, 2023 Form 4 Insider Report for SPRUCE POWER HOLDING CORP (SPRU)

Role
Director
Signature
/s/ Jonathan M. Norling, as Attorney-in-Fact
Stock symbol
SPRU
Transactions as of
Mar 15, 2023
Transactions value $
-$10,804
Form type
4
Date filed
3/31/2025, 09:45 AM
Previous filing
Mar 24, 2023
Next filing
May 30, 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SPRU Common Stock Sale -$6.96K -8.56K -5.61% $0.81 144K Mar 15, 2023 Direct F1, F2, F3
transaction SPRU Common Stock Tax liability -$3.85K -8.77K -5.74% $0.44 144K May 29, 2024 Direct F3
transaction SPRU Common Stock Award $0 +48.2K +50.35% $0.00 144K Aug 12, 2024 Direct F3, F4
holding SPRU Common Stock 6.31K Mar 15, 2023 By spouse's trust F3
holding SPRU Common Stock 3.13K Mar 15, 2023 By daughter F3
holding SPRU Common Stock 3.13K Mar 15, 2023 By daughter F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This transaction was inadvertently effectuated within six months of matching acquisitions. Accordingly, the Reporting Person realized short-swing profits of $50.00 under Section 16(b) of the Securities Exchange Act of 1934, as amended, as a result of the purchases of securities on June 1, 2023 and the disposition of the Issuer's common shares reported herein, which was a sell-to-cover transaction to satisfy certain tax obligations of the Reporting Person incurred with the vesting and settlement of certain Restricted Stock Units (RSUs). The Reporting Person has voluntarily disgorged to the Issuer all of such short-swing profits realized by the Reporting Person from such transactions.
F2 Reflects an adjustment for the 1 to 8 reverse stock split of the Issuer's common stock, effectuated on October 6, 2023.
F3 Amount shown reflects the amount of securities beneficially owned by the Reporting Person as of the date this Form 4 is filed.
F4 The securities awarded are in the form of 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 in full on August 12, 2025.