Norling Jonathan McWhinnie 4

What Happened

• Jonathan McWhinnie Norling (Chief Legal Officer) had 18,669 Spruce Power shares withheld on May 12, 2026 to satisfy tax withholding obligations tied to the vesting of restricted stock units (RSUs). The shares were valued at $3.24 each, totaling about $60,488. This was a withholding/disposition (transaction code F), not an open-market sale.

Key Details

• Transaction date: May 12, 2026; Filing date: May 13, 2026 (timely).
• Price per share: $3.24; Shares withheld/disposed: 18,669; Total value: ~$60,488.
• Shares owned after transaction: not provided in the excerpt of this filing.
• Footnote: F1 — securities were withheld to pay the reporting person's tax withholding obligations for RSUs that vested on May 12, 2026; the underlying RSUs were reported on the Form 4 filed May 14, 2025.
• Transaction code: F (payment of exercise price or tax liability). Classified as a withholding rather than a voluntary sale.

Context

• This was a routine tax-withholding/settlement of vested RSUs (a common "cashless" method). Such withholdings are administrative and do not necessarily indicate insider confidence or lack thereof in the company. The RSU grant and vesting were previously reported.