Steel Excel Inc. 4

4 · SPRUCE POWER HOLDING CORP · Filed Mar 30, 2026

AI-generated summary of this filing

Updated Mar 30, 2026

Spruce Power (SPRU) 10% Holder Steel Partners Buys 28,803 Shares

What Happened

Steel Partners Holdings L.P. (part of a group of related Reporting Persons) reported three open-market purchases of Spruce Power Holding Corp. (SPRU) common stock. The trades were: 2,857 shares @ $4.00 (3/26/2026) reported value $11,426; 5,391 shares @ $3.98 (3/27/2026) reported value $21,471; and 20,555 shares @ $4.00 (3/30/2026) reported value $82,142 — a total of 28,803 shares for approximately $115,039. These were purchases (some investors view purchases as a more informative/bullish signal than sales).

Key Details

Transaction dates & prices: 3/26/2026 — 2,857 @ $4.00; 3/27/2026 — 5,391 @ $3.98; 3/30/2026 — 20,555 @ $4.00. All transactions coded P (purchase).
Total bought: 28,803 shares; total reported value: $115,039.
Shares owned after transaction: not provided in the excerpt you supplied.
Filing: Form 4 filed 3/30/2026 (appears timely — within the SEC’s two-business-day filing window).
Footnotes: The Form 4 is a joint filing by several Steel Partners-related entities. Footnotes state Steel Connect Sub directly owns the shares and the other entities may be deemed to beneficially own them; the Reporting Persons disclaim beneficial ownership except to the extent of pecuniary interest.

Context

This is an institutional/10% owner transaction (a group of affiliated entities), not an executive’s personal trade. Purchases were open-market buys, not option exercises, awards, or gifts. No 10b5-1 plan, gift, or tax-withholding notes were provided in the supplied details.

Form 4

Period: 2026-03-26

10% Owner

Transactions

Purchase
Common Stock, par value $0.0001 per share
[F1][F2]
2026-03-26$4.00/sh+2,857$11,426→ 3,322,984 total(indirect: By LLC)
Purchase
Common Stock, par value $0.0001 per share
[F1][F2]
2026-03-27$3.98/sh+5,391$21,471→ 3,328,375 total(indirect: By LLC)
Purchase
Common Stock, par value $0.0001 per share
[F1][F2]
2026-03-30$4.00/sh+20,555$82,142→ 3,348,930 total(indirect: By LLC)

Footnotes (2)

[F1]This Form 4 is filed jointly by Steel Partners Holdings L.P ("Steel Holdings"), Steel Partners Holdings GP Inc. ("Steel Holdings GP"), SPH Group LLC ("SPHG"), SPH Group Holdings LLC ("SPHG Holdings"), Steel Excel Inc. ("Steel Excel"), Steel Connect LLC ("Steel Connect") and Steel Connect Sub LLC ("Steel Connect Sub") (collectively, the "Reporting Persons"). Each of the Reporting Persons may be deemed to be a member of a Section 13(d) group that collectively owns more than 10% of the Issuer's outstanding shares of common stock. Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein, except to the extent of its pecuniary interest therein.
[F2]Represents securities owned directly by Steel Connect Sub. Steel Holdings owns a majority of the membership interests of SPHG. SPHG is the sole member of SPHG Holdings. Steel Holdings GP is the general partner of Steel Holdings, the managing member of SPHG and the manager of SPHG Holdings. Steel Excel is a majority owned subsidiary of SPHG Holdings. Steel Connect is an indirect subsidiary of Steel Excel. Steel Connect Sub is a wholly owned subsidiary of Steel Connect. Each of Steel Holdings, SPHG, SPHG Holdings, Steel Holdings GP, Steel Excel and Steel Connect may be deemed to beneficially own the Shares owned directly by Steel Connect Sub.

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