Filing Details

Accession Number:
0001209191-20-055015
Form Type:
4
Zero Holdings:
No
Publication Time:
2020-10-16 12:21:06
Reporting Period:
2020-10-14
Accepted Time:
2020-10-16 12:21:06
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1683553 Spruce Biosciences Inc. SPRB Pharmaceutical Preparations (2834) 812154263
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1780235 Niall O'donnell C/O Rivervest Venture Funds
101 S. Hanley Rd., Ste. 1850
St. Louis MO 63105
Yes No No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock Acquisiton 2020-10-14 445,905 $0.00 445,905 No 4 C Indirect By RiverVest Venture Fund IV, L.P.
Common Stock Acquisiton 2020-10-14 250,000 $15.00 695,905 No 4 P Indirect By RiverVest Venture Fund IV, L.P.
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 C Indirect By RiverVest Venture Fund IV, L.P.
No 4 P Indirect By RiverVest Venture Fund IV, L.P.
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Common Stock Series B Preferred Stock Disposition 2020-10-14 2,916,664 $0.00 445,905 $0.00
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
0 No 4 C Indirect
Footnotes
  1. Each share of Series B Preferred Stock automatically converted into 0.152881822351322 shares of the Issuer's common stock upon the closing of the Issuer's initial public offering on October 14, 2020 (on an adjusted basis, after giving effect to the 1-for-6.541 reverse stock split of the common stock effected by the Issuer on October 2, 2020). The shares have no expiration date.
  2. RiverVest Venture Partners IV, L.P. is the general partner of RiverVest Venture Fund IV, L.P. The Reporting Person is a manager of RiverVest Venture Partners IV, LLC, the sole general partner of RiverVest Venture Partners IV, L.P., and as a result may be deemed to share dispositive voting and investment power with respect to the shares held by RiverVest Venture Partners IV, L.P. The Reporting Person disclaims beneficial ownership of all shares held by RiverVest Venture Partners IV, L.P. except to the extent of his pecuniary interests therein.
  3. The shares were purchased in the Issuer's initial public offering.