LEDECKY JONATHAN J 4

What Happened Jonathan J. Ledecky, a director of Spruce Power Holding Corp (SPRU), was awarded 75,000 restricted stock units (RSUs) on June 24, 2025. The Form 4 reports the award as an acquisition (code A) with an acquisition price of $0, so the reported transaction value is $0. The RSUs are contingent rights to receive one share of common stock per RSU and are scheduled to vest on June 24, 2026, subject to continued service.

Key Details

• Transaction date: 2025-06-24; filing date: 2026-02-20 (filed well after the transaction date).
• Transaction type/code: Award/Grant (A) of 75,000 RSUs; acquisition price reported $0.
• Vesting: RSUs vest on 2026-06-24 if the reporting person remains in service (footnote F1).
• Shares owned/related holdings: Form notes 328,125 shares held by Ironbound Partners Fund, LLC (an affiliate); Ledecky disclaims beneficial ownership of those fund-held shares except for any pecuniary interest (footnote F2).
• Timeliness: The report was filed about eight months after the award date, which is late relative to the usual Form 4 reporting timeframe.

Context RSUs are a form of compensation that convert into shares upon vesting; this award does not represent an open-market purchase or sale and does not indicate an immediate change in market exposure. For investors tracking insider activity, note the late filing — it delays public visibility into the transaction and reduces its usefulness for timely signals.