Steel Excel Inc. 4
4 · SPRUCE POWER HOLDING CORP · Filed Apr 9, 2026
Research Summary
AI-generated summary of this filing
SPRU: Steel Partners (10% Owner) Buys 19,532 Shares
What Happened
- Steel Partners Holdings L.P. (identified as a >10% owner via a group of related entities) reported open-market purchases of Spruce Power Holding Corp. (SPRU) common stock. The filing shows 5,000 shares bought on 2026-04-07 at $4.00 ($20,000) and 14,532 shares bought on 2026-04-09 at $3.98 (reported value ~$57,900), totaling 19,532 shares for roughly $77,900. These were purchases (acquisitions), which are generally viewed as more informative than routine sales.
Key Details
- Transaction dates and prices: 2026-04-07 — 5,000 shares @ $4.00; 2026-04-09 — 14,532 shares @ $3.98.
- Total acquired: 19,532 shares, total reported value ≈ $77,900.
- Shares owned after transaction: Not specified in the provided filing excerpt.
- Filing date: Form 4 filed 2026-04-09 (covers transactions on 4/7 and 4/9); appears timely (Form 4 is generally due within two business days of the transaction).
- Footnotes: The Form 4 is filed jointly by multiple related entities (Steel Partners Holdings L.P., Steel Partners Holdings GP Inc., SPH Group LLC, SPH Group Holdings LLC, Steel Excel Inc., Steel Connect LLC, and Steel Connect Sub LLC). Footnotes state the shares are owned directly by Steel Connect Sub and that other reporting entities may be deemed to beneficially own the shares but disclaim ownership except for pecuniary interest.
Context
- This filing relates to an institutional/activist investor group that holds more than 10% of SPRU, not an individual officer or director. Institutional purchases can reflect rebalancing or strategic accumulation but do not by themselves indicate management sentiment. The transactions were simple open-market purchases (transaction code P).
Insider Transaction Report
Form 4
STEEL PARTNERS HOLDINGS L.P.
10% Owner
Transactions
- Purchase
Common Stock, par value $0.0001 per share
[F1][F2]2026-04-07$4.00/sh+5,000$20,000→ 3,366,567 total(indirect: By LLC) - Purchase
Common Stock, par value $0.0001 per share
[F1][F2]2026-04-09$3.98/sh+14,532$57,900→ 3,381,099 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.