X0202 SCHEDULE 13D/A 0001452857 XXXXXXXX LIVE 5 Common Stock, par value $0.0001 per share 09/18/2026 false 0001772720 9837FR209 SPRUCE POWER HOLDING CORP

820 GESSNER ROAD SUITE 500 HOUSTON TX 77024

Warren G. Lichtenstein 212-520-2300 Steel Partners Holdings L.P. 590 Madison Avenue, 32nd Floor New York NY 10022 0001452857 N STEEL PARTNERS HOLDINGS L.P. AF N DE 0.00 3429380.00 0.00 3429380.00 3429380.00 N 17.8 PN 0001537666 N Steel Partners Holdings GP Inc. AF N DE 0.00 3429380.00 0.00 3429380.00 3429380.00 N 17.8 CO 0001522067 N SPH Group LLC AF N DE 0.00 3429380.00 0.00 3429380.00 3429380.00 N 17.8 OO 0001522066 N SPH Group Holdings LLC AF N DE 0.00 3429380.00 0.00 3429380.00 3429380.00 N 17.8 OO 0000709804 N Steel Excel Inc. AF N DE 0.00 3429380.00 0.00 3429380.00 3429380.00 N 17.8 CO 0000914712 N Steel Connect LLC AF N DE 0.00 3429380.00 0.00 3429380.00 3429380.00 N 17.8 OO 0002099397 N SP Strategic Holdings LLC WC N DE 0.00 3429380.00 0.00 3429380.00 3429380.00 N 17.8 OO 0001144269 N HOWARD JACK L PF N X1 50000.00 0.00 50000.00 0.00 50000.00 N 0.3 IN Common Stock, par value $0.0001 per share SPRUCE POWER HOLDING CORP 820 GESSNER ROAD SUITE 500 HOUSTON TX 77024 Item 4 is hereby amended to add the following: On September 18, 2026, Benjamin Rosenzweig, Senior Vice President of Steel Holdings, joined the Board as a director of the Issuer. Mr. Rosenzweig was nominated by the Nominating and Corporate Governance Committee and appointed by the Board following its review of his background, qualifications and skills, and in consideration of the materials he submitted to the Issuer and the Board in connection with his evaluation as a director candidate. Item 5(a) is hereby amended and restated to read as follows: The aggregate percentage of Shares reported owned by each person named herein is based upon 19,252,186 Shares outstanding, which is the total number of Shares outstanding as of August 10, 2026, as reported in the Issuer's Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on August 13, 2026. As of the close of business on the date hereof, SP Strategic Holdings owned directly 3,429,380 Shares, constituting approximately 17.8% of the Shares outstanding. By virtue of their relationships with SP Strategic Holdings, each of Steel Holdings, SPHG, SPHG Holdings, Steel Holdings GP, Steel Excel and Steel Connect may be deemed to beneficially own the Shares owned directly by SP Strategic Holdings. As of the close of business on the date hereof, Mr. Howard owned directly 50,000 Shares, constituting less than 1% of the Shares outstanding. Item 5(c) is hereby amended and restated to read as follows: None of the Reporting Persons have engaged in any transactions in the Shares during the past 60 days. In connection with his service on the Board, on September 2, 2026, Mr. Howard was awarded 105,140 restricted stock units ("RSUs") that each represent a contingent right to receive one share of the Issuer's common stock. Subject to Mr. Howard's continued service through the vesting date, one-third of the RSUs vest on each of September 2, 2027, September 2, 2028 and September 2, 2029. STEEL PARTNERS HOLDINGS L.P. /s/ Maria Reda 09/21/2026 Steel Partners Holdings GP Inc. /s/ Maria Reda 09/21/2026 SPH Group LLC /s/ Maria Reda 09/21/2026 SPH Group Holdings LLC /s/ Maria Reda 09/21/2026 Steel Excel Inc. /s/ Maria Reda 09/21/2026 Steel Connect LLC /s/ Maria Reda 09/21/2026 SP Strategic Holdings LLC /s/ Maria Reda 09/21/2026 HOWARD JACK L /s/ Maria Reda 09/21/2026