Form 4 for SPRB SPRUCE BIOSCIENCES, INC.
Accepted 2023-12-18 00:00:00 ET · period of report 2023-12-14 · accession 0001209191-23-059053 · 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 | 2023-12-18 | 2023-12-15 | SPRB | Szwarcberg Javier B. | CEO, Dir | F - Tax | $1.66 | -38.4K | 107.3K | -26% | -$63.7K |
| D | 2023-12-18 | 2023-12-15 | SPRB | Szwarcberg Javier B. | CEO, Dir | M - OptEx | $0.00 | +111.0K | 145.7K | +320% | $0 |
| D | 2023-12-18 | 2023-12-15 | SPRB | Szwarcberg Javier B. | CEO, Dir | M - OptEx | $0.00 | -111.0K | 333.0K | -25% | $0 |
| D | 2023-12-18 | 2023-12-14 | SPRB | Szwarcberg Javier B. | CEO, Dir | A - Grant | $0.00 | +717.6K | 717.6K | New | $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 | 2023-12-15 | F | D | 38,384 | $1.66 | 107,321 | D | — | — | (F1) On December 5, 2022, the Reporting Person was granted 444,000 time-based restricted stock units ("RSUs"), subject to a 4-year vesting schedule, with 25% of the total number of RSUs to vest on December 15, 2023 (the "Annual Vesting Date") and 25% of the total number of RSUs to vest in annual installments on each anniversary of the Annual Vesting Date thereafter, subject to the Reporting Person's Continuous Service (as defined in the Issuer's 2020 Equity Incentive Plan). On December 15, 2023, 111,000 RSUs vested, with 38,384 shares being withheld for taxes, resulting in a net issuance of 72,616 shares. |
| 2 | Common | Common Stock | 2023-12-15 | M | A | 111,000 | $0.00 | 145,705 | D | — | — | (F1) On December 5, 2022, the Reporting Person was granted 444,000 time-based restricted stock units ("RSUs"), subject to a 4-year vesting schedule, with 25% of the total number of RSUs to vest on December 15, 2023 (the "Annual Vesting Date") and 25% of the total number of RSUs to vest in annual installments on each anniversary of the Annual Vesting Date thereafter, subject to the Reporting Person's Continuous Service (as defined in the Issuer's 2020 Equity Incentive Plan). On December 15, 2023, 111,000 RSUs vested, with 38,384 shares being withheld for taxes, resulting in a net issuance of 72,616 shares. (F2) Each RSU represents a contingent right to receive one share of SPRB common stock. |
| 3 | Derivative | Restricted Stock Units | 2023-12-15 | M | D | 111,000 | $0.00 | 333,000 | D | $0.00 · — to — | 111,000 Common Stock | (F5) Represents the aggregate balance of 333,000 time-based RSUs. (F2) Each RSU represents a contingent right to receive one share of SPRB common stock. (F1) On December 5, 2022, the Reporting Person was granted 444,000 time-based restricted stock units ("RSUs"), subject to a 4-year vesting schedule, with 25% of the total number of RSUs to vest on December 15, 2023 (the "Annual Vesting Date") and 25% of the total number of RSUs to vest in annual installments on each anniversary of the Annual Vesting Date thereafter, subject to the Reporting Person's Continuous Service (as defined in the Issuer's 2020 Equity Incentive Plan). On December 15, 2023, 111,000 RSUs vested, with 38,384 shares being withheld for taxes, resulting in a net issuance of 72,616 shares. |
| 4 | Derivative | Restricted Stock Units | 2023-12-14 | A | A | 717,600 | $0.00 | 717,600 | D | $0.00 · — to — | 717,600 Common Stock | (F2) Each RSU represents a contingent right to receive one share of SPRB common stock. (F3) 358,800 of the RSUs shall vest as to 25% on December 15, 2024, and in equal annual installments thereafter, subject to the Reporting Person's Continuous Service (as defined in the Issuer's 2020 Equity Incentive Plan). (F4) 358,800 of the RSUs shall vest upon the achievement of specified performance goals, subject to the Reporting Person's Continuous Service (as defined in the Issuer's 2020 Equity Incentive Plan). |