Company: SPRB
Filing Date: 2025-04-28
Form Type: DEF 14A
Source: 0000950170-25-059288
Chunk: 58

Company: SPRUCE BIOSCIENCES, INC.
Filing Date: 2025-04-28
Form: DEF 14A
Chunk 58
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,500, $209,295 and $183,040, respectively. These amounts were guaranteed as retention payments by the Compensation Committee in March 2024 and as such are reflected in the “Bonus” column of the Summary Compensation Table above. Equity-Based Incentive Awards In 2024, we granted RSU and PSU awards to each of our named executive officers pursuant to the 2020 Plan. Javier Szwarcberg, M.D., MPH On March 14, 2024, we granted Dr. Szwarcberg 358,800 RSUs. The RSUs vest over a four-year period, with one quarter of the RSUs vesting on December 10, 2025 and one quarter of the total number of shares initially underlying the RSU will vest in annual installments on each anniversary of the thereafter, subject to Dr. Szwarcberg’s continued service to us. On March 14, 2024, we also granted Dr. Szwarcberg 358,800 PSUs. The PSUs vest upon the achievement of specified financing and strategic objectives, subject to Dr. Szwarcberg’s continued service to us. Samir Gharib On March 14, 2024, we granted Mr. Gharib 154,000 RSUs. The RSUs vest over a four-year period, with one quarter of the RSUs vesting on December 10, 2025 and one quarter of the total number of shares initially underlying the RSU will vest in annual installments on each anniversary of the thereafter, subject to Mr. Gharib’s continued service to us. On March 14, 2024, we also granted Mr. Gharib 154,000 PSUs. The PSUs vest upon the achievement of specified financing and strategic objectives, subject to Mr. Gharib’s continued service to us. Ralph William Charlton III, M.D., M.A.S. On March 14, 2024, we granted Dr. Charlton 106,400 RSUs. The RSUs would have vested over a four-year period, with one quarter of the RSUs vesting on December 10, 2025 and one quarter of the total number of shares initially underlying the RSU will vest in annual installments on each anniversary of the thereafter, subject to Dr.

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Charlton’s continued service to us. On March 14, 2024, we also granted Dr. Charlton