Steel Excel Inc. 4

4 · SPRUCE POWER HOLDING CORP · Filed Apr 22, 2026

AI-generated summary of this filing

Updated Apr 22, 2026

Spruce Power (SPRU) 10% Owner Steel Partners Buys 24,335 Shares

What Happened

Steel Partners Holdings L.P. (part of a group of reporting entities that together own >10% of Spruce Power Holding Corp) acquired 24,335 shares of SPRU on April 20, 2026 at $4.13 per share, for a total reported transaction value of $100,416. This was a purchase (code P).

Key Details

Transaction date and price: 2026-04-20 — 24,335 shares @ $4.13 each.
Report filed: Form 4 filed 2026-04-22 (Period of Report: 2026-04-20).
Shares owned after transaction: Not specified in the provided filing.
Footnotes: Joint filing by several related Steel Partners entities (Steel Partners Holdings L.P., Steel Partners Holdings GP Inc., SPH Group LLC and affiliates). Securities were reported as owned directly by Steel Connect Sub; the other entities may be deemed to beneficially own those shares through ownership/control relationships. Each reporting person disclaims beneficial ownership except for pecuniary interest.
Timeliness: No late-filing flag shown in the provided information.

Context

This is an institutional/10% owner purchase reported by a group of related entities, not an executive officer or director trade. Such purchases can be informative to investors but do not by themselves explain intent. The filing reflects ownership through a subsidiary structure (see footnotes) and is a joint Form 4 disclosure rather than individual insider trading.

Form 4

Period: 2026-04-20

10% Owner

Transactions

Purchase
Common Stock, par value $0.0001 per share
[F1][F2]
2026-04-20$4.13/sh+24,335$100,416→ 3,429,380 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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