Christian S. Fong - Jan 3, 2024 Form 4 Insider Report for SPRUCE POWER HOLDING CORP (SPRU)

Signature
/s/ Jonathan M. Norling
Stock symbol
SPRU
Transactions as of
Jan 3, 2024
Transactions value $
-$9,026
Form type
4
Date filed
1/8/2024, 04:58 PM
Previous filing
Oct 3, 2023
Next filing
Apr 3, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SPRU Common Stock Tax liability -$9.03K -2.04K -1.13% $4.42 179K Jan 3, 2024 Direct F1, F2
holding SPRU Common Stock 75 Jan 3, 2024 Note F3
holding SPRU Common Stock 20K Jan 3, 2024 Note F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The securities were withheld to pay the reporting person's tax withholding obligations with respect to the vesting of restricted stock units (RSUs) on January 3, 2024. The applicable RSUs were reported on the Form 4 filed September 13, 2022.
F2 Effective on October 6, 2023, the issuer effected a 1 to 8 reverse stock split of its common stock (the "Reverse Stock Split"). The amount of securities reported on this Form 4 has been adjusted to reflect the Reverse Stock Split.
F3 The shares are held by the reporting person's sons, who may be deemed to share the reporting person's household. The reporting person disclaims beneficial ownership of the shares held by his sons, and this report should not be deemed an admission that the reporting person is the beneficial owner of his sons' shares for purposes of Section 16 or for any other purpose.
F4 The shares are held by a revocable family trust. The reporting person disclaims beneficial ownership of the shares held by this trust, and this report should not be deemed an admission that the reporting person is the beneficial owner of this trust's shares for purposes of Section 16 or for any other purpose.