SPRUCE POWER HOLDING CORP — Director's Dealing 2021

Dec 2, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: XL Fleet Corp. (XL)
CIK: 0001772720
Period of Report: 2021-12-01

Reporting Person: Tech Eric M. (Director, CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-12-01	Common Stock	A	132029	$0.00	Acquired	132029	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-12-01	Stock Option (right to buy)	$4.09	A	421905	Acquired	2021-12-01	Common Stock (421905)	Direct

Footnotes

F1: The securities awarded are in the form of restricted stock units (RSUs) that each represent a contingent right to receive one share of the issuer's common stock. Subject to the reporting person's continued service through the vesting dates, 25% of these RSUs will vest on the first anniversary of the grant date, and the remaining 75% of the RSUs will vest in substantially equal quarterly installments over the next three years following such first anniversary.

F2: Subject to the reporting person's continued service through the vesting dates, 25% of these options will vest on the first anniversary of the grant date, and the remaining 75% of these options will vest in substantially equal monthly installments over the next three years following such first anniversary.