Company: SPRB
Filing Date: 2025-04-18
Form Type: PRE 14A
Source: 0000950170-25-055856
Chunk: 67

Company: SPRUCE BIOSCIENCES, INC.
Filing Date: 2025-04-18
Form: PRE 14A
Chunk 67
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Equity Compensation Plan Information The following table provides certain information as of December 31, 2024, with respect to all of our equity compensation plans in effect on that date.

| Plan Category                                              | Number of Securities to be Issued upon Exercise of Outstanding Options, Warrants and Rights | Weighted-average Exercise Price of Outstanding Options, Warrants and Rights(3) | Number of Securities Remaining Available for Future Issuance under Equity Compensation Plans (Excluding Securities Reflected 
 in Column (a))                                                                                                               |
|                                                            |                                                                                          -a |                                                                             -b | -c                                                                                                                           |
| Equity compensation plans approved by security holders(1)  |                                                                               4,825,865 (2) |                                                                          $2.81 | 2,990,602 (4)                                                                                                                |
| Equity compensation plans not approved by security holders |                                                                                     875,000 |                                                                          $4.59 | -                                                                                                                            |
| Total                                                      |                                                                               5,700,865 (2) |                                                                          $3.26 | 2,990,602 (4)                                                                                                                |

(1) Consists of the 2016 Plan, the 2020 Plan and the 2020 Employee Stock Purchase Plan (the “ESPP”). The number of shares of our common stock reserved for issuance under the 2020 Plan is subject to an automatic increase on January 1st of each year, for a period of ten years, commencing on January 1, 2021 and ending on (and including) January 1, 2030, in an amount equal to 5% of the total number of shares of our common stock outstanding on December 31 of the preceding year; provided, however, that the Board may act prior to January 1st of a given year to provide that the increase for such year will be a lesser number of shares of our common stock. The number of shares of our common stock reserved for issuance under the ESPP is subject to an automatic increase on January 1st of each year, for a period of ten years, commencing on January 1, 2021 and ending on (and including) January 1, 2030, in an amount equal to the lesser of (i) 1% of the total number of shares of our common stock outstanding on December 31st of the preceding calendar year, (ii) 441,280 shares of our common stock and (iii) a number