Form 4 for SPRB SPRUCE BIOSCIENCES, INC.
Accepted 2024-12-20 00:00:00 ET · period of report 2024-12-10 · accession 0001415889-24-030000 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DM | 2024-12-20 | 2024-12-10+ | SPRB | Gharib Samir M. | Pres AND CFO | F - Tax | $0.4905 | -82.0K | 350.6K | -19% | -$40.2K |
| DM | 2024-12-20 | 2024-12-10+ | SPRB | Gharib Samir M. | Pres AND CFO | M - OptEx | $0.00 | +229.8K | 356.8K | +181% | $0 |
| DM | 2024-12-20 | 2024-12-10+ | SPRB | Gharib Samir M. | Pres AND CFO | M - OptEx | $0.00 | -229.8K | 154.0K | -60% | $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 | 2024-12-16 | F | D | 13,737 | $0.39 | 326,591 | D | — | — | (F1) On December 14, 2023, the Reporting Person was granted a total of 308,000 RSUs. 50% or 154,000 of the total RSUs are performance-based and since certain specified performance goals were met, they all vested on December 10, 2024. An additional 50% or 154,000 of the total RSUs are time-based. 25% of which vested 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). On December 15, 2024, 38,500 shares vested and 13,737 shares were withheld for taxes, resulting in a net issuance of 24,763 shares. |
| 2 | Common | Common Stock | 2024-12-16 | M | A | 37,250 | $0.00 | 363,841 | D | — | — | (F3) On December 5, 2022, the Reporting Person was granted 149,000 time-based restricted stock units ("RSUs"), subject to a 4-year vesting schedule, with 25% of the total number of RSUs vested 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, 2024, 37,250 RSUs vested, with 13,291 shares being withheld for taxes, resulting in a net issuance of 23,959 shares. (F2) Each RSU represents a contingent right to receive one share of SPRB common stock. |
| 3 | Common | Common Stock | 2024-12-16 | M | A | 38,500 | $0.00 | 340,328 | D | — | — | (F1) On December 14, 2023, the Reporting Person was granted a total of 308,000 RSUs. 50% or 154,000 of the total RSUs are performance-based and since certain specified performance goals were met, they all vested on December 10, 2024. An additional 50% or 154,000 of the total RSUs are time-based. 25% of which vested 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). On December 15, 2024, 38,500 shares vested and 13,737 shares were withheld for taxes, resulting in a net issuance of 24,763 shares. (F2) Each RSU represents a contingent right to receive one share of SPRB common stock. |
| 4 | Common | Common Stock | 2024-12-10 | F | D | 54,948 | $0.54 | 301,828 | D | — | — | (F1) On December 14, 2023, the Reporting Person was granted a total of 308,000 RSUs. 50% or 154,000 of the total RSUs are performance-based and since certain specified performance goals were met, they all vested on December 10, 2024. An additional 50% or 154,000 of the total RSUs are time-based. 25% of which vested 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). On December 15, 2024, 38,500 shares vested and 13,737 shares were withheld for taxes, resulting in a net issuance of 24,763 shares. |
| 5 | Common | Common Stock | 2024-12-10 | M | A | 154,000 | $0.00 | 356,776 | D | — | — | (F1) On December 14, 2023, the Reporting Person was granted a total of 308,000 RSUs. 50% or 154,000 of the total RSUs are performance-based and since certain specified performance goals were met, they all vested on December 10, 2024. An additional 50% or 154,000 of the total RSUs are time-based. 25% of which vested 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). On December 15, 2024, 38,500 shares vested and 13,737 shares were withheld for taxes, resulting in a net issuance of 24,763 shares. (F2) Each RSU represents a contingent right to receive one share of SPRB common stock. |
| 6 | Common | Common Stock | 2024-12-16 | F | D | 13,291 | $0.39 | 350,550 | D | — | — | (F3) On December 5, 2022, the Reporting Person was granted 149,000 time-based restricted stock units ("RSUs"), subject to a 4-year vesting schedule, with 25% of the total number of RSUs vested 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, 2024, 37,250 RSUs vested, with 13,291 shares being withheld for taxes, resulting in a net issuance of 23,959 shares. |
| 7 | Derivative | Restricted Stock Units | 2024-12-16 | M | D | 38,500 | $0.00 | 115,500 | D | $0.00 · — to — | 38,500 Common Stock | (F4) Represents the aggregate balance of time-based RSUs. (F2) Each RSU represents a contingent right to receive one share of SPRB common stock. (F1) On December 14, 2023, the Reporting Person was granted a total of 308,000 RSUs. 50% or 154,000 of the total RSUs are performance-based and since certain specified performance goals were met, they all vested on December 10, 2024. An additional 50% or 154,000 of the total RSUs are time-based. 25% of which vested 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). On December 15, 2024, 38,500 shares vested and 13,737 shares were withheld for taxes, resulting in a net issuance of 24,763 shares. |
| 8 | Derivative | Restricted Stock Units | 2024-12-16 | M | D | 37,250 | $0.00 | 74,500 | D | $0.00 · — to — | 37,250 Common Stock | (F2) Each RSU represents a contingent right to receive one share of SPRB common stock. (F3) On December 5, 2022, the Reporting Person was granted 149,000 time-based restricted stock units ("RSUs"), subject to a 4-year vesting schedule, with 25% of the total number of RSUs vested 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, 2024, 37,250 RSUs vested, with 13,291 shares being withheld for taxes, resulting in a net issuance of 23,959 shares. |
| 9 | Derivative | Restricted Stock Units | 2024-12-10 | M | D | 154,000 | $0.00 | 154,000 | D | $0.00 · — to — | 154,000 Common Stock | (F2) Each RSU represents a contingent right to receive one share of SPRB common stock. (F1) On December 14, 2023, the Reporting Person was granted a total of 308,000 RSUs. 50% or 154,000 of the total RSUs are performance-based and since certain specified performance goals were met, they all vested on December 10, 2024. An additional 50% or 154,000 of the total RSUs are time-based. 25% of which vested 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). On December 15, 2024, 38,500 shares vested and 13,737 shares were withheld for taxes, resulting in a net issuance of 24,763 shares. |