4//SEC Filing
Gharib Samir M. 4
Accession 0001415889-24-030000
CIK 0001683553other
Filed
Dec 19, 7:00 PM ET
Accepted
Dec 20, 8:28 PM ET
Size
20.3 KB
Accession
0001415889-24-030000
Insider Transaction Report
Form 4
Gharib Samir M.
PRESIDENT AND CFO
Transactions
- Exercise/Conversion
Common Stock
2024-12-16+37,250→ 363,841 total - Exercise/Conversion
Restricted Stock Units
2024-12-10−154,000→ 154,000 totalExercise: $0.00→ Common Stock (154,000 underlying) - Exercise/Conversion
Restricted Stock Units
2024-12-16−38,500→ 115,500 totalExercise: $0.00→ Common Stock (38,500 underlying) - Tax Payment
Common Stock
2024-12-10$0.54/sh−54,948$29,507→ 301,828 total - Tax Payment
Common Stock
2024-12-16$0.39/sh−13,737$5,340→ 326,591 total - Exercise/Conversion
Common Stock
2024-12-10+154,000→ 356,776 total - Exercise/Conversion
Common Stock
2024-12-16+38,500→ 340,328 total - Tax Payment
Common Stock
2024-12-16$0.39/sh−13,291$5,166→ 350,550 total - Exercise/Conversion
Restricted Stock Units
2024-12-16−37,250→ 74,500 totalExercise: $0.00→ Common Stock (37,250 underlying)
Footnotes (4)
- [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.
- [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.
- [F4]Represents the aggregate balance of time-based RSUs.
Documents
Issuer
SPRUCE BIOSCIENCES, INC.
CIK 0001683553
Entity typeother
Related Parties
1- filerCIK 0001533302
Filing Metadata
- Form type
- 4
- Filed
- Dec 19, 7:00 PM ET
- Accepted
- Dec 20, 8:28 PM ET
- Size
- 20.3 KB