Spruce Power (SPRU) 10% Owner Steel Partners Buys 52,780 Shares

What Happened
Steel Partners Holdings L.P., part of a reporting group that collectively owns more than 10% of Spruce Power Holding Corp (SPRU), acquired 52,780 shares on September 21, 2026 at $2.04 per share, for a total purchase price of $107,671. The shares were acquired pursuant to a Stock Purchase Agreement with Ja-Chin Audrey Lee. This transaction was a purchase (not a sale).

Key Details

• Transaction date: 2026-09-21; Price: $2.04 per share; Total value: $107,671. (Transaction code P = Purchase.)
• Filing date: 2026-09-23 (filed two days after the transaction) — appears timely under Form 4 rules.
• Shares owned after transaction: not specified on this Form 4; the reporting group is described as owning more than 10% of outstanding common stock.
• Footnotes of note: the Form 4 is a joint filing by a group of 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 SP Strategic Holdings). SP Strategic Holdings directly owns the reported shares, and the other entities may be deemed to beneficially own them; the reporting persons disclaim beneficial ownership except to the extent of any pecuniary interest. The acquisition was pursuant to a Stock Purchase Agreement with Ja-Chin Audrey Lee.

Context
This was an institutional purchase by a 10% owner (not an executive insider). Purchases by large shareholders can be informative to investors, but the filing itself does not state any intent or future plans. The transaction appears to be a private acquisition rather than an open-market buy.