Jonathan J. Ledecky - 25 May 2023 Form 4 Insider Report for SPRUCE POWER HOLDING CORP (SPRU)

Role
Director
Signature
/s/ Stacey Constas, Attorney In Fact
Issuer symbol
SPRU
Transactions as of
25 May 2023
Net transactions value
$0
Form type
4
Filing time
30 May 2023, 15:02:00 UTC
Previous filing
15 Aug 2022
Next filing
07 Jun 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 Award $0 +202,812 +184% $0.000000 312,804 25 May 2023 Direct F1
holding SPRU Common Stock 2,625,000 25 May 2023 By Ironbound Partners Fund, LLC F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

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 2,625,000 shares held by Ironbound Partners Fund, LLC, an affiliate of the reporting person. Notwithstanding his dispositive and voting control over such shares, the reporting person disclaims beneficial ownership of the shares of our common stock held by Ironbound Partners Fund, LLC, except to the extent of his proportionate pecuniary interest therein.