Kevin Griffin - 25 May 2023 Form 4 Insider Report for SPRUCE POWER HOLDING CORP (SPRU)

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SPRU	Common Stock	Award	$0	+202,812	+184%	$0.000000	312,804	25 May 2023	Direct	F1
holding	SPRU	Common Stock						3,505,000	25 May 2023	By MGG SF Drawdown Unlevered Fund II LP	F2
holding	SPRU	Common Stock						630,000	25 May 2023	By MGG Investment Group, LP	F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Id	Content
F1	The securities awarded are in the form of restricted stock units issued pursuant to the issuer's 2020 Equity Incentive Plan. Each restricted stock unit represents a contingent right to receive one share of issuer common stock. Subject to the reporting person's continued service through the vesting date, the restricted stock units shall become fully vested on the first anniversary of May 25, 2024.
F2	Includes 3,505,000 shares of common stock held by MGG SF Drawdown Unlevered Fund II LP ("MGG Fund"), of which the reporting person is the Chief Executive Officer and Chief Investment Officer. Notwithstanding his dispositive and voting control over such shares, the reporting person disclaims beneficial ownership of the shares of our common stock held by MGG Fund, except to the extent of his proportionate pecuniary interest therein.
F3	Includes 630,000 shares of the issuer's common stock ("MGG Shares") in the aggregate owned directly by certain affiliates of MGG Investment Group, LP, a Delaware limited partnership ("MGG"), an affiliate of Spac Funding II, of which Mr. Griffin (a director of the issuer) is the Chief Executive Officer and Chief Investment Officer. Notwithstanding their dispositive and voting control over such MGG Shares, each of Mr. Griffin and Spac Funding II disclaim beneficial ownership of the securities held by MGG, except to the extent of his or its pecuniary interest therein.