SPRUCE POWER HOLDING CORP — Director's Dealing 2021

Apr 20, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: XL Fleet Corp. (XL)
CIK: 0001772720
Period of Report: 2021-04-19

Reporting Person: Hernandez Cielo (Chief Financial Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-04-19	Common Stock	A	46296	—	Acquired	46296	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-04-19	Non-Qualified Stock Option (right to buy)	$6.48	A	67983	Acquired	2031-04-19	Common Stock (67983)	Direct

Footnotes

F1: The securities awarded are in the form of restricted stock units issued pursuant to the issuer's 2020 Equity Incentive Plan. Each restricted stock unit represents 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, 1/4th of the restricted stock units shall vest every 12 months from April 19, 2021 until all shares underlying this award have vested.

F2: The shares underlying this option shall vest in equal installments on the first, second, third and fourth anniversary of April 19, 2021 until all shares underlying this option have vested, subject to the reporting person's continued service through the applicable vesting date.