<SEC-DOCUMENT>0001415889-24-029999.txt : 20241220
<SEC-HEADER>0001415889-24-029999.hdr.sgml : 20241220
<ACCEPTANCE-DATETIME>20241220202811
ACCESSION NUMBER:		0001415889-24-029999
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20241210
FILED AS OF DATE:		20241220
DATE AS OF CHANGE:		20241220

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Szwarcberg Javier B.
		CENTRAL INDEX KEY:			0001903669
		ORGANIZATION NAME:           	

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-39594
		FILM NUMBER:		241569457

	MAIL ADDRESS:	
		STREET 1:		2001 JUNIPERO SERRA BOULEVARD, SUITE 640
		CITY:			DALY CITY
		STATE:			CA
		ZIP:			94014

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SPRUCE BIOSCIENCES, INC.
		CENTRAL INDEX KEY:			0001683553
		STANDARD INDUSTRIAL CLASSIFICATION:	PHARMACEUTICAL PREPARATIONS [2834]
		ORGANIZATION NAME:           	03 Life Sciences
		IRS NUMBER:				812154263
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		611 GATEWAY BOULEVARD, SUITE 740
		CITY:			SOUTH SAN FRANCISCO
		STATE:			CA
		ZIP:			94080
		BUSINESS PHONE:		(415) 655-4168

	MAIL ADDRESS:	
		STREET 1:		611 GATEWAY BOULEVARD, SUITE 740
		CITY:			SOUTH SAN FRANCISCO
		STATE:			CA
		ZIP:			94080
</SEC-HEADER>
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<TYPE>4
<SEQUENCE>1
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    <footnotes>
        <footnote id="F1">On December 14, 2023, the Reporting Person was granted a total of 717,600 RSUs. 50% or 358,800 of the total RSUs are performance-based and since certain specified performance goals were met, they all vested on December 10, 2024.  An addition of 50% or 358,800 of the total RSUs are time-based. 25% of which vested on December 15, 2024, and in equal annual installments thereafter, subject to the Reporting Person's Continuous Service (as defined in the Issuer's 2020 Equity Incentive Plan). On December 15, 2024, 89,700 shares vested and 32,005 shares were withheld for taxes, resulting in a net issuance of 57,695 shares. An additional</footnote>
        <footnote id="F2">Each RSU represents a contingent right to receive one share of SPRB common stock.</footnote>
        <footnote id="F3">On December 5, 2022, the Reporting Person was granted 444,000 time-based restricted stock units (&quot;RSUs&quot;), subject to a 4-year vesting schedule, with 25% of the total number of RSUs vested on December 15, 2023 (the &quot;Annual Vesting Date&quot;) and 25% of the total number of RSUs to vest in annual installments on each anniversary of the Annual Vesting Date thereafter, subject to the Reporting Person's Continuous Service (as defined in the Issuer's 2020 Equity Incentive Plan). On December 15, 2024, 111,000 RSUs vested, with 39,605 shares withheld for taxes, resulting in a net issuance of 71,395 shares.</footnote>
        <footnote id="F4">Represents the aggregate balance of time-based RSUs.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ Samir Gharib, Attorney-in-Fact</signatureName>
        <signatureDate>2024-12-20</signatureDate>
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