3//SEC Filing
RiverVest Venture Fund III, L.P. 3
Accession 0000899243-20-027877
CIK 0001683553other
Filed
Oct 7, 8:00 PM ET
Accepted
Oct 8, 9:16 PM ET
Size
11.9 KB
Accession
0000899243-20-027877
Insider Transaction Report
Form 3
RiverVest Venture Fund III, L.P.
10% Owner
Holdings
- (indirect: See footnote)
Series B Preferred Stock
→ Common Stock (828,109 underlying) - (indirect: See footnote)
Series A Preferred Stock
→ Common Stock (1,070,172 underlying)
Footnotes (7)
- [F1]Each share of Series A Preferred Stock and Series B Preferred Stock has no expiration date and are convertible at any time at the election of the holder without payment of further consideration. Each share of Series A Preferred Stock and Series B Preferred Stock will automatically convert into 0.152881822351322 shares of Common Stock upon the closing of the Issuer's initial public offering.
- [F2]Share numbers (including those noted in the footnotes below) give effect to the reverse split of each share of the Issuer's Common Stock into 0.152881822351322 shares of Common Stock effected on October 2, 2020, which will be effective for the Preferred Stock upon its conversion to Common Stock upon the closing of the Issuer's initial public offering.
- [F3]RiverVest Venture Fund III, L.P. ("RiverVest III") owns 1,016,236 shares of Series A Preferred Stock. RiverVest Venture Fund III (Ohio), L.P. ("RiverVest (Ohio) III") owns 53,936 shares of Series A Preferred Stock.
- [F4]The shares held by RiverVest III are indirectly held by RiverVest Venture Partners III, L.P. ("RiverVest Partners III"), which is the general partner of RiverVest III. The shares held by RiverVest (Ohio) III are indirectly held by RiverVest Venture Partners III (Ohio), LLC ("RiverVest Partners (Ohio) III"), which is the general partner of RiverVest (Ohio) III. RiverVest Partners III is the sole member of RiverVest Partners (Ohio) III. RiverVest Venture Partners III, LLC is the general partner of RiverVest Partners III.
- [F5]The individual managers of RiverVest Ventures Partners III, LLC are Thomas C. Melzer, Jay Schmelter and John P. McKearn, Ph.D. RiverVest Partners III, RiverVest Partners (Ohio) III, RiverVest Venture Partners III, LLC and each of the individual managers share voting and dispositive power with regard to the Issuer's securities directly held by RiverVest Venture Fund III, L.P. and RiverVest Venture Fund III (Ohio), L.P.
- [F6]RiverVest III owns 362,941 shares of Series B Preferred Stock. RiverVest (Ohio) III owns 19,263 shares of Series B Preferred Stock. RiverVest Venture Fund IV, L.P. ("RiverVest IV") owns 445,905 shares of Series B Preferred Stock.
- [F7]The shares held by RiverVest IV are indirectly held by RiverVest Venture Partners IV, L.P., its general partner ("RiverVest Partners IV"). RiverVest Venture Partners IV, LLC is the general partner of RiverVest Partners IV. The individual managers of RiverVest Ventures Partners IV, LLC are Jay Schmelter, John P. McKearn, Ph.D. and Niall O'Donnell, a member of the Issuer's board of directors. RiverVest Partners IV, RiverVest Venture Partners IV, LLC and each of the individual managers share voting and dispositive power with regard to the Company's securities directly held by RiverVest IV.
Documents
Issuer
SPRUCE BIOSCIENCES, INC.
CIK 0001683553
Entity typeother
IncorporatedDE
Related Parties
1- filerCIK 0001601559
Filing Metadata
- Form type
- 3
- Filed
- Oct 7, 8:00 PM ET
- Accepted
- Oct 8, 9:16 PM ET
- Size
- 11.9 KB