SIMPSON CAMILLA V 4
4 · SPRUCE BIOSCIENCES, INC. · Filed May 4, 2021
Insider Transaction Report
Form 4
SIMPSON CAMILLA V
Director
Transactions
- Exercise/Conversion
Common Stock
2021-04-30$0.85/sh+14,045$11,938→ 14,045 total - Exercise/Conversion
Stock Option (Right to Buy)
2021-04-30−14,045→ 2,007 totalExercise: $0.85Exp: 2027-10-18→ Common Stock (16,052 underlying) - Sale
Common Stock
2021-04-30$16.14/sh−14,045$226,664→ 0 total
Footnotes (3)
- [F1]The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan previously adopted by the Reporting Person.
- [F2]Represents a weighted-average sales price per share. These shares were sold in multiple transactions at prices ranging from $15.64 to $17.09. The Reporting Person has provided to the issuer, and undertakes to provide to the staff of the Securities and Exchange Commission or any security holder of the issuer, upon request, full information regarding the number of shares sold at each separate price within the range.
- [F3]The shares subject to the stock option vest over a four-year period commencing October 19, 2017, with 1/4th of the shares vesting on October 19, 2018 and 1/36th of the remaining shares vesting on a monthly basis.