CHARLTON RALPH WILLIAM III (Chief Medical Officer) exercised options at SPRUCE BIOSCIENCES, INC.

Option exercise — a mechanical event triggered by vesting or expiry. Not a discretionary conviction trade.

M · 3 exercises

CHARLTON RALPH WILLIAM III

Filed: 12/20/2024ACC: 0001415889-24-030001

InsiderCHARLTON RALPH WILLIAM IIICIK 1919397

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IssuerSPRUCE BIOSCIENCES, INC.CIK 1683553

Officer· Chief Medical Officer

Since Mar 2022

-58.78K

Net shares

Net seller

$28.5K

Total sold

Open market trades

0B · 0S

Total transactions

164.75K acquired · 223.53K disposed

Non-Derivative Transactions6

Common Stock

Direct

M · Option Exercise

+106.40K

Price / share

—

Trade value

—

% of position

192.2%

12/10/2024

55.37K→161.77K

Common Stock

Direct

F · Tax Withholding

−37.96K

Price / share

$0.54

Trade value

$20.39K

% of position

23.5%

12/10/2024

161.77K→123.81K

Common Stock

Direct

M · Option Exercise

+26.60K

Price / share

—

Trade value

—

% of position

21.5%

12/16/2024

123.81K→150.41K

Common Stock

Direct

F · Tax Withholding

−9.49K

Price / share

$0.39

Trade value

$3.69K

% of position

6.3%

12/16/2024

150.41K→140.92K

Common Stock

Direct

M · Option Exercise

+31.75K

Price / share

—

Trade value

—

% of position

22.5%

12/16/2024

140.92K→172.67K

Common Stock

Direct

F · Tax Withholding

−11.33K

Price / share

$0.39

Trade value

$4.40K

% of position

6.6%

12/16/2024

172.67K→161.34K

Total

Net shares

+105.97K

Net value

-$28.48K

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Common Stock Direct	12/10/2024	M · Option Exercise	+106.40K	—	—	192.2%	55.37K	161.77K
Common Stock Direct	12/10/2024	F · Tax Withholding	−37.96K	$0.54	$20.39K	23.5%	161.77K	123.81K
Common Stock Direct	12/16/2024	M · Option Exercise	+26.60K	—	—	21.5%	123.81K	150.41K
Common Stock Direct	12/16/2024	F · Tax Withholding	−9.49K	$0.39	$3.69K	6.3%	150.41K	140.92K
Common Stock Direct	12/16/2024	M · Option Exercise	+31.75K	—	—	22.5%	140.92K	172.67K
Common Stock Direct	12/16/2024	F · Tax Withholding	−11.33K	$0.39	$4.40K	6.6%	172.67K	161.34K
Total			+105.97K		-$28.48K

Derivative Transactions3

Restricted Stock Units

Direct

M · Option Exercise

Converts to

Common Stock

106.40K shares

−106.40K

Strike price

Held after

106.40K

Exercisable

—

12/10/2024

Restricted Stock Units

Direct

M · Option Exercise

Converts to

Common Stock

26.60K shares

−26.60K

Strike price

Held after

79.80K

Exercisable

—

12/16/2024

Restricted Stock Units

Direct

M · Option Exercise

Converts to

Common Stock

31.75K shares

−31.75K

Strike price

Held after

63.50K

Exercisable

—

12/16/2024

Security	Converts To	Date	Type	Shares	Exercisable	Held After
Restricted Stock Units Direct	Common Stock106.40K shares	12/10/2024	M · Option Exercise	−106.40K	—	106.40K
Restricted Stock Units Direct	Common Stock26.60K shares	12/16/2024	M · Option Exercise	−26.60K	—	79.80K
Restricted Stock Units Direct	Common Stock31.75K shares	12/16/2024	M · Option Exercise	−31.75K	—	63.50K