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Filing Details

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1793294	Ppd Inc.	PPD	Services-Commercial Physical & Biological Research (8731)	453806427

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1802057	Michael David Johnston	C/O Ppd, Inc. 929 North Front Street Wilmington NC	See Remarks	No	Yes	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	2021-03-17	21,598	$10.59	57,005	No	4	M	Direct
Common Stock	Disposition	2021-03-17	21,598	$38.00	35,407	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	M	Direct
No	4	S	Direct

Reported Derivative Transactions

Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Stock Option (Right to Buy)	Disposition	2021-03-17	21,598	$0.00	21,598	$10.59

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
202,687		2027-05-11	No	4	M	Direct

Footnotes

This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person.
The option vested based on the Issuer's satisfaction of certain EBITDA-based vesting conditions.
Represents 3,323 vested stock options and 199,364 unvested stock options which are eligible to vest upon the achievement of certain return on capital or rate of return conditions three years after the initial public offering of the Issuer or earlier, upon certain sales by significant stockholders. Does not include an additional 33,228 stock options with an exercise price of $10.59 which are eligible to vest upon the satisfaction of certain EBITDA-based vesting conditions for fiscal year 2021.