ADAR1 Capital Management, LLC - 31 Dec 2025 SCHEDULE 13G Report for Spruce Biosciences, Inc. Common Stock, par value $0.0001 per share (SPRB)

Filing Manager: ADAR1 Capital Management, LLC
Reporting Manager: ADAR1 Capital Management, LLC
Security: Spruce Biosciences, Inc. Common Stock, par value $0.0001 per share
Symbol: SPRB
Shares outstanding: 1,074,074 shares
Disclosed Ownership: 58,000 shares
Ownership: 5.4%
Form type: SCHEDULE 13G
Filing time: 17 Feb 2026, 20:16:42 UTC
Date of event: 31 Dec 2025
SEC: View on sec.gov

Reporting Managers (2)

Name	Ownership	Shares Owned	sole voting power	shared voting power	Signature	Title	CIK
ADAR1 Capital Management, LLC	5.4%	58,000	0	58,000	/s/ Daniel Schneeberger	Daniel Schneeberger, Manager
Daniel Schneeberger	5.4%	58,000	0	58,000	/s/ Daniel Schneeberger	Daniel Schneeberger, in his individual capacity