Lee Ja-Chin 4

What Happened Lee Ja‑Chin, a director of Spruce Power Holding Corp (SPRU), was awarded 75,000 restricted stock units (RSUs) on June 24, 2025. The grant is reported at $0.00 on the Form 4 (i.e., no cash purchase); the RSUs each represent a contingent right to one share and will vest on June 24, 2026, subject to continued service.

Key Details

• Transaction date: 2025-06-24; reported grant of 75,000 RSUs at $0.00 (total reported value $0 on Form 4).
• Vesting: RSUs vest on June 24, 2026, contingent on continued service (see footnote F1).
• Shares owned after transaction: Not specified in the provided filing excerpt (check the full Form 4 for total holdings).
• Filing timeliness: Form 4 was filed on 2026-02-20, well after the transaction date (late filing).

Context RSU awards are common executive/director compensation and do not require an immediate cash outlay by the insider. Because these are time‑based contingent awards, they do not necessarily signal a near‑term bullish or bearish view; the actual value to the insider will depend on Spruce Power’s stock price at vesting. The late filing is a procedural compliance note — investors may want to review the company’s other filings for additional context.