Form 4 for SPRB SPRUCE BIOSCIENCES, INC.
Accepted 2023-01-05 00:00:00 ET · period of report 2023-01-03 · accession 0001209191-23-002150 · 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 | 2023-01-05 | 2022-12-30 | SPRB | Gharib Samir M. | Pres, CFO | A - Grant | $0.93 | +1 | 33.6K | +0.0% | +$0.93 |
| D | 2023-01-05 | 2023-01-03 | SPRB | Gharib Samir M. | Pres, CFO | M - OptEx | — | +37.5K | 71.1K | +112% | — |
| D | 2023-01-05 | 2023-01-03 | SPRB | Gharib Samir M. | Pres, CFO | F - Tax | $1.15 | -15.3K | 55.8K | -22% | -$17.6K |
| D | 2023-01-05 | 2023-01-03 | SPRB | Gharib Samir M. | Pres, CFO | M - OptEx | $0.00 | -37.5K | 225.0K | -14% | $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 | 2022-12-30 | A | A | 1 | $0.93 | 33,611 | D | — | — | (F1) 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. |
| 2 | Common | Common Stock | 2023-01-03 | M | A | 37,500 | — | 71,111 | D | — | — | (F2) Each restricted stock unit ("RSU") represents a contingent right to receive one share of SPRB common stock. |
| 3 | Common | Common Stock | 2023-01-03 | F | D | 15,293 | $1.15 | 55,818 | 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. |
| 4 | Derivative | Restricted Stock Units | 2023-01-03 | M | D | 37,500 | $0.00 | 225,000 | D | — · — to — | 37,500 Common Stock | (F5) Represents the aggregate balances of 75,000 time-based RSUs and 150,000 performance-based RSUs. (F2) 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 each of June 30, 2022 and 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 underlying common stock of the RSUs that vested on December 31, 2022, a non-trading date, were settled on January 3, 2023. The Reporting Person was also granted 150,000 performance-based RSUs on December 16, 2021, which shall vest upon the achievement of specified performance goals. |