O'Donnell Niall 4
4 · SPRUCE BIOSCIENCES, INC. · Filed May 16, 2023
Insider Transaction Report
Form 4
O'Donnell Niall
Director
Transactions
- Purchase
Common Stock
2023-02-16$3.17/sh+630,400$1,998,368→ 1,326,305 total(indirect: By RiverVest Venture Fund IV, L.P.) - Purchase
Common Stock Warrant (Right to Buy)
2023-02-16+472,800→ 472,800 total(indirect: By RiverVest Venture Fund IV, L.P.)Exercise: $3.96From: 2023-02-16Exp: 2028-02-16→ Common Stock (472,800 underlying)
Footnotes (4)
- [F1]The shares were purchased in the Issuer's private offering.
- [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.
- [F4]The warrant was purchased in the Issuer's private offering.