Subaweerage Dias - 16 Dec 2021 Form 4 Insider Report for SPRUCE BIOSCIENCES, INC. (SPRB)

Source evidence Original filing metadata and source links for verification. 3 source fields
SEC form
4
Accepted by SEC
20 Dec 2021, 20:08:47 UTC
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Samir Gharib, Power of Attorney

Key filing fact

Subaweerage Dias filed Form 4 for SPRUCE BIOSCIENCES, INC. (SPRB) on 20 Dec 2021.

Key facts

  • This page summarizes Subaweerage Dias's Form 4 filing for SPRUCE BIOSCIENCES, INC. (SPRB).
  • 2 reported transactions and 2 derivative rows are listed below.
  • Accepted by SEC: 20 Dec 2021, 20:08.

Change

  • No earlier filing in this sequence is available for direct comparison.
  • Current net transaction value: $0.

Research use

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

SPRB transaction Derivative

Employee Stock Option (right to buy)

Award

Transaction value
$0
Shares
+75,000
Change %
Price
$0.000000
Shares after
75,000
Date
16 Dec 2021
Ownership
Direct
Underlying class
Common Stock
Underlying amount
75,000
Exercise price
$2.48
Footnotes
F1
SPRB transaction Derivative

Restricted Stock Units

Award

Transaction value
$0
Shares
+20,000
Change %
Price
$0.000000
Shares after
20,000
Date
16 Dec 2021
Ownership
Direct
Underlying class
Common Stock
Underlying amount
20,000
Exercise price
Footnotes
F2, F3, F4
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 4 footnotes

Footnote 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).

Footnote F2

Each restricted stock unit represents a contingent right to receive one share of SPRB common stock.

Footnote 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).

Footnote F4

10,000 of the restricted stock units shall vest upon the achievement of specified performance goals.

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