Company: SPRB
Filing Date: 2025-04-18
Form Type: PRE 14A
Source: 0000950170-25-055856
Chunk: 58

Company: SPRUCE BIOSCIENCES, INC.
Filing Date: 2025-04-18
Form: PRE 14A
Chunk 58
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zwarcberg, 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 106,400 PSUs. The PSUs would have vested upon the achievement of specified financing and strategic objectives. These RSU and PSU awards will not vest since Dr. Charlton’s service to the company terminated in December 2024.

401(k) Plan

We maintain a 401(k) plan that provides eligible U.S. employees with an opportunity to save for retirement on a tax advantaged basis. Elig