X0306 4 2020-01-17 0 0001793294 PPD, Inc. PPD 0001508519 SIMMONS DAVID S C/O PPD, INC. 929 NORTH FRONT STREET WILMINGTON NC 28401 1 1 0 0 Chief Executive Officer Non-voting common stock 2020-01-17 4 X 0 180000 15.05 A 867759 D Non-voting common stock 2020-02-10 4 D 0 867759 D 0 D Common stock 2020-02-10 4 A 0 867759 A 867759 D Non-voting common stock 2020-02-10 4 D 0 603000 D 0 I By Family Trust Common stock 2020-02-10 4 A 0 603000 A 603000 I By Family Trust Common stock 2020-02-10 4 P 0 40000 27.00 A 907759 D Stock Options (Right to Buy) 15.05 2020-01-17 4 X 0 180000 0.00 D 2027-05-11 Non-voting common stock 180000 2318799 D Represents an exercise of vested stock options on January 17, 2020. The exercise of these stock options was already reflected on the reporting person's previously filed Form 3. Includes shares owned by the David S. Simmons Revocable Trust. Upon the completion of the initial public offering of PPD, Inc. (the "Issuer"), all shares of the Issuer's non-voting common stock automatically converted into shares of the Issuer's voting common stock on a one-for-one basis. Shares were acquired in a directed share program in connection with the Issuer's initial public offering. Of these stock options, 1,156,316 stock options are unvested and will vest in equal annual installments on May 11, 2020, May 11, 2021 and May 11, 2022. /s/ B. Judd Hartman, as Attorney-in-Fact 2020-02-12