13D Filings
Spruce Biosciences, Inc.
SPRB
Amendment
Ownership

4.70%

Total Shares

50,893

Issuer CIK

1683553

CUSIP

85209E208

Event Date

Feb 17, 2026

Accepted

Feb 18, 2026, 05:27 PM

Reporting Persons (10)
Joint Filing

This is a joint filing. The reported shares may overlap between reporting persons and should not be summed.

NameType% of ClassAggregateSole VotingShared Voting
The Carlyle Group Inc.
CO
4.70%50,893050,893
Carlyle Holdings I GP Inc.
CO
4.70%50,893050,893
Carlyle Holdings I GP Sub L.L.C.
Other
4.70%50,893050,893
Carlyle Holdings I L.P.
Partnership
4.70%50,893050,893
CG Subsidiary Holdings L.L.C.
Other
4.70%50,893050,893
TC Group, L.L.C.
Other
4.70%50,893050,893
Carlyle Investment Management L.L.C.
Other
4.70%50,893050,893
Carlyle Genesis UK LLC
Other
4.70%50,893050,893
Abingworth LLP
Partnership
4.70%50,893050,893
Abingworth Bioventures VII LP
Partnership
4.70%50,893050,893
Disclosure Items (3)

Security Title

Common Stock, par value $0.0001 per share

Issuer Name

Spruce Biosciences, Inc.

Issuer Address

611 Gateway Boulevard, South San Francisco, CA, 94080

Item 4 of the Schedule 13D is hereby amended as follows: Bali Muralidhar, who represented Abingworth Bioventures VII LP on the Issuer's board of directors, resigned as a director in October 2025.

Percentage of Class

Item 5 of the Schedule 13D is hereby amended and restated in its entirety as follows: The following sets forth, as of the date of this Schedule 13D, the aggregate number of shares of Common Stock and percentage of Common Stock beneficially owned by each of the Reporting Persons, based on 1,070,370 shares of Common Stock outstanding as of November 7, 2025, as disclosed in the Issuer's Quarterly Report on Form 10-Q filed with the SEC on November 10, 2025. The amount of Common Stock reported herein reflects a 1-for-75 reverse stock split effected by the Issuer on August 4, 2025. The Reporting Persons beneficially own 50,893 shares of Common Stock, or approximately 4.7% of the shares of Common Stock outstanding, which include (i) 38,620 shares of Common Stock held of record by Abingworth Bioventures VII LP, (ii) 1,233 shares of Common Stock underlying stock options exercisable within 60 days of the date hereof held for the benefit of Abingworth Bioventures VII LP and (iii) 11,040 shares of Common Stock underlying the Standard Warrants exercisable within 60 days of the date hereof. The Carlyle Group Inc., which is a publicly traded entity listed on Nasdaq, is the sole shareholder of Carlyle Holdings I GP Inc., which is the sole member of Carlyle Holdings I GP Sub L.L.C., which is the general partner of Carlyle Holdings I L.P., which, with respect to the securities reported herein, is the managing member of CG Subsidiary Holdings L.L.C., which is the managing member of TC Group, L.L.C., which is the managing member of Carlyle Investment Management, L.L.C., which is the sole member of Carlyle Genesis UK LLC, which is the principal member of Abingworth LLP. Abingworth Bioventures VII LP has delegated to Abingworth LLP all investment and dispositive power over the securities held of record by Abingworth Bioventures VII LP. Accordingly, each of the foregoing entities may be deemed to share beneficial ownership of the securities held of record by Abingworth Bioventures VII LP, but each disclaims beneficial ownership of such securities.

Number of Shares

Sole power to vote or to direct the vote: 0 Shared power to vote or to direct the vote: 50,893 Sole power to dispose or to direct the disposition: 0 Shared power to dispose or to direct the disposition: 50,893

Transactions

During the past 60 days, the Reporting Persons have not effected any transactions with respect to the Common Stock.

Shareholders

None.

Date of 5% Ownership

As of the date hereof, the Reporting Persons ceased to be the beneficial owners of more than five percent of the outstanding shares of Common Stock.

Spruce Biosciences, Inc. — Schedule 13D | 13D Filings