Steel Excel Inc. 4

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.