Dias Subaweerage 4
4 · SPRUCE BIOSCIENCES, INC. · Filed Dec 20, 2021
Insider Transaction Report
Form 4
Dias Subaweerage
Chief Medical Officer
Transactions
- Award
Employee Stock Option (right to buy)
2021-12-16+75,000→ 75,000 totalExercise: $2.48Exp: 2031-12-15→ Common Stock (75,000 underlying) - Award
Restricted Stock Units
2021-12-16+20,000→ 20,000 total→ Common Stock (20,000 underlying)
Footnotes (4)
- [F1]1/48th of the shares vest on a monthly basis from December 16, 2021, subject to the Reporting Person's Continuous Service (as defined in the Issuer's 2020 Equity Incentive Plan).
- [F2]Each restricted stock unit represents a contingent right to receive one share of SPRB common stock.
- [F3]10,000 of the restricted stock units shall vest 25% on June 30, 2022, 25% shall vest on 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).
- [F4]10,000 of the restricted stock units shall vest upon the achievement of specified performance goals.