Michael Shipton - May 11, 2023 Form 4 Insider Report for Science 37 Holdings, Inc. (SNCE)

Role: Chief Commercial Officer
Signature: /s/ Christine Pellizzari, Attorney-in-Fact for Michael Shipton
Stock symbol: SNCE
Transactions as of: May 11, 2023
Transactions value $: $0
Form type: 4
Date filed: 5/12/2023, 04:20 PM
Previous filing: Mar 15, 2023
Next filing: Oct 10, 2023

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	SNCE	Restricted Stock Units	Award	$0	+495K		$0.00	495K	May 11, 2023	Common Stock	495K		Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Each restricted stock unit represents a contingent right to receive one share of Science 37 Holdings, Inc.'s common stock.
F2	On May 11, 2023, Mr. Shipton was granted restricted stock units representing 494,853 shares subject to a three-year vesting schedule, vesting 33 1/3% on the first, second and third anniversaries of the grant date, with 50% of the restricted stock units subject to accelerated vesting upon the attainment of certain performance objectives, in each case subject to continuous employment through the applicable vesting date. As restricted stock units vest, the vested units are automatically converted to shares of common stock on a one-for-one basis on the vesting date.

Content

Each restricted stock unit represents a contingent right to receive one share of Science 37 Holdings, Inc.'s common stock.

On May 11, 2023, Mr. Shipton was granted restricted stock units representing 494,853 shares subject to a three-year vesting schedule, vesting 33 1/3% on the first, second and third anniversaries of the grant date, with 50% of the restricted stock units subject to accelerated vesting upon the attainment of certain performance objectives, in each case subject to continuous employment through the applicable vesting date. As restricted stock units vest, the vested units are automatically converted to shares of common stock on a one-for-one basis on the vesting date.