Form 4 for SPRB SPRUCE BIOSCIENCES, INC.
Accepted 2022-07-05 00:00:00 ET · period of report 2022-06-30 · accession 0001209191-22-040557 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2022-07-05 | 2022-06-30 | SPRB | Gharib Samir M. | Pres, CFO | F - Tax | $1.74 | -13.0K | 33.6K | -28% | -$22.6K |
| D | 2022-07-05 | 2022-06-30 | SPRB | Gharib Samir M. | Pres, CFO | A - Grant | $1.48 | +5,446 | 46.6K | +13% | +$8,060 |
| D | 2022-07-05 | 2022-06-30 | SPRB | Gharib Samir M. | Pres, CFO | M - OptEx | — | +37.5K | 41.1K | +1,032% | — |
| D | 2022-07-05 | 2022-06-30 | SPRB | Gharib Samir M. | Pres, CFO | M - OptEx | $0.00 | -37.5K | 262.5K | -12% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2022-06-30 | F | D | 12,968 | $1.74 | 33,610 | D | — | — | (F3) Represents shares withheld by the Issuer to satisfy a tax obligation realized by the Reporting Person upon the vesting and settlement of RSUs. |
| 2 | Common | Common Stock | 2022-06-30 | A | A | 5,446 | $1.48 | 46,578 | D | — | — | (F2) Shares acquired by the Reporting Person pursuant to the Issuer's 2020 Employee Stock Purchase Plan in a transaction that was exempt under both Rule 16b-3(d) and Rule 16b-3(c). The Reporting Person acquired the maximum shares allowable pursuant to Section 423 of the Internal Revenue Code. |
| 3 | Common | Common Stock | 2022-06-30 | M | A | 37,500 | — | 41,132 | D | — | — | (F1) Each restricted stock unit ("RSU") represents a contingent right to receive one share of SPRB common stock. |
| 4 | Derivative | Restricted Stock Units | 2022-06-30 | M | D | 37,500 | $0.00 | 262,500 | D | — · — to — | 37,500 Common Stock | (F5) Represents the aggregate balances of 112,500 time-based RSUs and 150,000 performance-based RSUs. (F1) Each restricted stock unit ("RSU") represents a contingent right to receive one share of SPRB common stock. (F4) On December 16, 2021, the Reporting Person was granted 150,000 time-based RSUs. 25% of the RSUs vested on June 30, 2022, 25% shall vest on December 31, 2022 and 50% shall vest on June 30, 2023, subject to the Reporting Person's Continuous Service (as defined in the Issuer's 2020 Equity Incentive Plan). The Reporting Person was also granted 150,000 performance-based RSUs, which shall vest upon the achievement of specified performance goals. |