Form 4: Spruce Power Director Kevin Griffin Acquires 10,000 Shares

Spruce Power director Kevin Griffin acquired 10,000 shares of common stock at $2.3653 per share on November 27, 2024.

Summary

• Kevin Griffin, a director at Spruce Power Holding Corp, purchased 10,000 shares of common stock on November 27, 2024, at a price of $2.3653 per share.
• Following this transaction, Mr. Griffin directly owns 39,100 shares and indirectly owns 448,125 shares of common stock.
• The indirect ownership includes shares managed by MGG Investment Group, LP, where Mr. Griffin is the CEO and CIO, but he disclaims beneficial ownership except for his pecuniary interest.
• The reported share amounts have been adjusted to reflect a 1-for-8 reverse stock split that occurred on October 6, 2023.

Sentiment

Score: 5

Explanation: The document is a neutral report of a stock transaction by a company director. It doesn't indicate positive or negative sentiment, but rather a routine disclosure.

Industry Context

This is a standard SEC Form 4 filing, which is common for corporate insiders reporting changes in their beneficial ownership of company stock. It provides transparency into the trading activities of company directors.

Comparison to Industry Standards

• Form 4 filings are a standard practice for publicly traded companies in the US, ensuring transparency of insider trading.
• The reporting requirements are consistent across all companies listed on US exchanges, making this filing comparable to similar filings from other companies.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding insider trading activity.

Key Dates

Keywords

Spruce Power, insider trading, Form 4, stock acquisition, Kevin Griffin, MGG Investment Group, reverse stock split