Steel Excel Inc. 4

4 · SPRUCE POWER HOLDING CORP · Filed Apr 17, 2026

AI-generated summary of this filing

Updated Apr 17, 2026

Spruce Power (SPRU) 10% Owner Steel Partners Buys Shares

What Happened

Steel Partners Holdings L.P., part of a group of related Steel entities that collectively own more than 10% of Spruce Power (SPRU), executed open-market purchases of SPRU common stock. The filing reports three buys: 10,463 shares at $4.09 ($42,843) on 2026-04-15; 141 shares at $4.10 ($578) on 2026-04-16; and 3,640 shares at $4.03 ($14,679) on 2026-04-17. Total acquired = 14,244 shares for ~$58,100. These were purchases (buying stock), which are generally more informative to investors than routine sales.

Key Details

Transaction dates & prices:
- 2026-04-15: 10,463 shares @ $4.09 = $42,843
- 2026-04-16: 141 shares @ $4.10 = $578
- 2026-04-17: 3,640 shares @ $4.03 = $14,679
Total purchased: 14,244 shares for approximately $58,100; price range $4.03–$4.10.
Shares owned after the transactions: not specified in the provided filing excerpt.
Filing date: Form 4 filed 2026-04-17 reporting trades from Apr 15–17, 2026; filing appears timely based on the dates shown.
Footnotes: Joint filing by multiple Steel entities (Steel Partners Holdings L.P., Steel Partners Holdings GP Inc., SPH Group LLC and others). Footnote explains the ownership chain (Steel Connect Sub owns the reported shares directly; other Steel entities may be deemed to beneficially own them) and that reporting persons disclaim beneficial ownership except for pecuniary interest.

Context

This is institutional insider activity by a >10% owner (a group of related entities), not an executive/board trade; such purchases reflect activity by an investment/holding group rather than individual insider sentiment.
Transactions were open-market purchases (code P); no options, awards, gifts, or tax withholding reported in the provided details.

Form 4

Period: 2026-04-15

10% Owner

Transactions

Purchase
Common Stock, par value $0.0001 per share
[F1][F2]
2026-04-15$4.09/sh+10,463$42,843→ 3,401,264 total(indirect: By LLC)
Purchase
Common Stock, par value $0.0001 per share
[F1][F2]
2026-04-16$4.10/sh+141$578→ 3,401,405 total(indirect: By LLC)
Purchase
Common Stock, par value $0.0001 per share
[F1][F2]
2026-04-17$4.03/sh+3,640$14,679→ 3,405,045 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.

1 file