Form 4 for SPRB SPRUCE BIOSCIENCES, INC.
Accepted 2023-05-16 00:00:00 ET · period of report 2023-02-16 · accession 0001209191-23-029764 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DI | 2023-05-16 | 2023-02-16 | SPRB | O'Donnell Niall | Dir | P - Purchase | $3.17 | +630.4K | 1.33M | +91% | +$2.00M |
| DI | 2023-05-16 | 2023-02-16 | SPRB | O'Donnell Niall | Dir | P - Purchase | — | +472.8K | 472.8K | New | — |
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 | 2023-02-16 | P | A | 630,400 | $3.17 | 1,326,305 | I By RiverVest Venture Fund IV, L.P. | — | — | (F2) Represents the combined purchase price of $3.17 for Common Stock and Warrants acquired from Issuer in a private offering. (F3) RiverVest Venture Partners IV, L.P. is the general partner of RiverVest Venture Fund IV, L.P. The Reporting Person is a manager of RiverVest Venture Partners IV, LLC, the sole general partner of RiverVest Venture Partners IV, L.P., and as a result may be deemed to share dispositive voting and investment power with respect to the shares held by RiverVest Venture Partners IV, L.P. The Reporting Person disclaims beneficial ownership of all shares held by RiverVest Venture Partners IV, L.P. except to the extent of his pecuniary interests therein. |
| 2 | Derivative | Common Stock Warrant (Right to Buy) | 2023-02-16 | P | A | 472,800 | — | 472,800 | I By RiverVest Venture Fund IV, L.P. | $3.96 · 2023-02-16 to 2028-02-16 | 472,800 Common Stock | (F2) Represents the combined purchase price of $3.17 for Common Stock and Warrants acquired from Issuer in a private offering. (F3) RiverVest Venture Partners IV, L.P. is the general partner of RiverVest Venture Fund IV, L.P. The Reporting Person is a manager of RiverVest Venture Partners IV, LLC, the sole general partner of RiverVest Venture Partners IV, L.P., and as a result may be deemed to share dispositive voting and investment power with respect to the shares held by RiverVest Venture Partners IV, L.P. The Reporting Person disclaims beneficial ownership of all shares held by RiverVest Venture Partners IV, L.P. except to the extent of his pecuniary interests therein. |