Kravetz Shawn W 4

What Happened

• Shawn W. Kravetz, a director of Spruce Power Holding Corp. (SPRU), was granted two awards on June 24, 2025: 75,000 RSUs and 112,500 RSUs (total 187,500 RSUs). Each RSU is a contingent right to one share of common stock. Both grants were reported with $0.00 cash consideration (transaction code A = Award/Grant).

Key Details

• Transaction date: June 24, 2025. Form 4 filing date: May 7, 2026 (late filing).
• Price: $0.00 per RSU; reported cash value for the grants = $0.
• Vesting:
  • 75,000 RSUs: vest one‑third on each of June 24, 2026, June 24, 2027, and June 24, 2028. (Footnote F1)
  • 112,500 RSUs: vest in full on June 24, 2026. (Footnote F2)
• Shares owned after transaction: Not disclosed in the provided filing excerpt.
• Filing timeliness: The Form 4 was filed roughly 10+ months after the grant date (Form 4s are normally due within 2 business days), reducing the timeliness of disclosure.

Context

• RSUs are compensation awards that convert to actual shares only upon vesting and are contingent on continued service; they are not open‑market purchases or sales. Such awards are common for directors and reflect compensation, not necessarily a direct buy/sell signal about the director’s view of the stock.
• No sale, exercise, or tax‑withholding transactions were reported in this excerpt.