Steel Connect Sub LLC Becomes Reporting Entity in Form 4 Filing
| Field | Detail |
|---|---|
| Company | Steel Connect Sub LLC |
| Form Type | 4 |
| Filed Date | Mar 23, 2026 |
| Risk Level | medium |
| Pages | 4 |
| Reading Time | 5 min |
| Key Dollar Amounts | $0.0001 |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: insider-ownership, corporate-governance, reporting-change
TL;DR
**Steel Connect Sub LLC is now a reporting entity, watch for details on ownership changes.**
AI Summary
This Form 4 filing, dated March 23, 2026, indicates a change in beneficial ownership for Steel Connect Sub LLC, a subsidiary of Steel Connect LLC. While the filing itself doesn't detail specific transactions (like buys or sells) or dollar amounts, it signals that Steel Connect Sub LLC is now a reporting entity, meaning its ownership structure or control has shifted enough to require public disclosure. This matters to investors because changes in beneficial ownership, especially by a subsidiary, can sometimes precede larger corporate actions or signal a shift in control or strategy within the Steel Partners Holdings L.P. ecosystem, potentially impacting the stock's future direction.
Why It Matters
This filing signals a change in beneficial ownership for Steel Connect Sub LLC, which could indicate strategic shifts or future corporate actions within the Steel Partners Holdings L.P. group. Investors should monitor for subsequent filings that detail the nature of these ownership changes.
Risk Assessment
Risk Level: medium — The filing indicates a change in reporting status but lacks specific transaction details, creating uncertainty about the nature and impact of the ownership change.
Analyst Insight
Investors should add Steel Connect Sub LLC to their watchlists and look for subsequent Form 4 filings or other SEC disclosures from Steel Connect LLC or STEEL PARTNERS HOLDINGS L.P. that provide details on the nature and scale of the beneficial ownership change, as this filing only signals a reporting status change without transaction specifics.
Key Players & Entities
- Steel Connect Sub LLC (company) — the reporting entity for this Form 4
- Steel Connect LLC (company) — parent company of Steel Connect Sub LLC and also a reporting entity
- STEEL PARTNERS HOLDINGS L.P. (company) — a major reporting entity within the group
- Steel Excel Inc. (company) — another reporting entity within the Steel Partners Holdings L.P. group
- SPH Group Holdings LLC (company) — another reporting entity within the Steel Partners Holdings L.P. group
- SPH Group LLC (company) — another reporting entity within the Steel Partners Holdings L.P. group
- Steel Partners Holdings GP Inc. (company) — another reporting entity within the Steel Partners Holdings L.P. group
FAQ
What is the primary purpose of this Form 4 filing for Steel Connect Sub LLC?
The primary purpose of this Form 4 filing is to report a change in beneficial ownership for Steel Connect Sub LLC, indicating it has become a reporting entity under Section 16 of the Securities Exchange Act of 1934, as evidenced by the 'Reporting' status next to its name and the filing type '4'.
What specific transactions (e.g., buys, sells) are detailed in this Form 4 filing?
This specific Form 4 filing, as presented, does not detail any specific transactions such as buys or sells, nor does it list any dollar amounts or share counts. It primarily serves to establish Steel Connect Sub LLC as a reporting entity.
What is the filing date and period of report for this Form 4?
The filing date for this Form 4 is March 23, 2026, and the period of report is March 19, 2026, according to the 'Filing Date' and 'Period of Report' fields.
Filing Stats: 1,279 words · 5 min read · ~4 pages · Grade level 8.4 · Accepted 2026-03-23 18:04:28
Key Financial Figures
- $0.0001 — ) or (D) Price Common Stock, par value $0.0001 per share (1) (2) 03/19/2026 P 13,739 A
Filing Documents
- form404197004_03232026.html (4)
- form404197004_03232026.xml (4) — 14KB
- 0000921895-26-000777.txt ( ) — 20KB
From the Filing
SEC FORM 4 SEC Form 4 FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 OMB APPROVAL OMB Number: 3235-0287 Estimated average burden hours per response: 0.5 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10. 1. Name and Address of Reporting Person * STEEL PARTNERS HOLDINGS L.P. (Last) (First) (Middle) 590 MADISON AVENUE, 32ND FLOOR (Street) NEW YORK NEW YORK 10022 (City) (State) (Zip) UNITED STATES (Country) 2. Issuer Name and Ticker or Trading Symbol SPRUCE POWER HOLDING CORP [ SPRU ] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) Director X 10% Owner Officer (give title below) Other (specify below) 2a. Foreign Trading Symbol 3. Date of Earliest Transaction (Month/Day/Year) 03/19/2026 6. Individual or Joint/Group Filing (Check Applicable Line) Form filed by One Reporting Person X Form filed by More than One Reporting Person 4. If Amendment, Date of Original Filed (Month/Day/Year) Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price Common Stock, par value $0.0001 per share (1) (2) 03/19/2026 P 13,739 A $ 3.7389 3,273,445 I By Steel Connect Sub LLC (2) Common Stock, par value $0.0001 per share (1) (2) 03/20/2026 P 46,682 A $ 4.3187 3,320,127 I By Steel Connect Sub LLC (2) Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) 1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4) Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares 1. Name and Address of Reporting Person * STEEL PARTNERS HOLDINGS L.P. (Last) (First) (Middle) 590 MADISON AVENUE, 32ND FLOOR (Street) NEW YORK NEW YORK 10022 (City) (State) (Zip) UNITED STATES (Country) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below) 1. Name and Address of Reporting Person * Steel Partners Holdings GP Inc. (Last) (First) (Middle) 590 MADISON AVENUE 32ND FLOOR (Street) NEW YORK NEW YORK 10022 (City) (State) (Zip) UNITED STATES (Country) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below) 1. Name and Address of Reporting Person * SPH Group LLC (Last) (First) (Middle) C/O STEEL PARTNERS HOLDINGS L.P. 590 MADISON AVENUE, 32ND FLOOR (Street) NEW YORK NEW YORK 10022 (City) (State) (Zip) UNITED STATES (Country) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below) 1. Name and Address of Reporting Person * SPH Group Holdings LLC (Last) (First) (Middle) C/O STEEL PARTNERS HOLDINGS L.P. 590 MADISON AVENUE, 32ND FLOOR (Street) NEW YORK NEW YORK 10022 (City) (State) (Zip) UNITED STATES (Country) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below) 1. Name and Address of Reporting Person * Steel Excel Inc. (Last) (First) (Middle) 590 MADISON AVENUE, 32ND FLOOR (Street) NEW YORK NEW YORK 10022 (City) (State) (Zip) UNITED STATES (Country) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below) 1. Name and Address of Reporting Person * Steel Connect LLC (Last) (First) (Middle) 590 MADISON AVENUE 32ND FLOOR (Stre