X0306 4 2021-02-11 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 Common Stock 2021-02-12 4 S 0 77065 38.01 D 693695 I By Family Trust Common Stock 669999 D Common Stock 120000 I By Trust Stock Options (Right to Buy) 10.59 2021-02-11 4 A 0 423982 0.00 A 2027-05-11 Common Stock 423982 1706972 D Stock Options (Right to Buy) 37.22 2021-02-11 4 A 0 343347 0.00 A 2031-02-11 Common Stock 343347 343347 D The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $38.00 to $38.04, inclusive. The reporting person undertakes to provide to PPD, Inc. (the "Issuer"), any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. Represents previously awarded stock options vesting upon the achievement of certain EBITDA vesting conditions for fiscal 2020, which were determined to be earned subject to the receipt by the Issuer of the completed audit of its fiscal 2020 financial statements. Represents 710,148 vested stock options and 996,824 unvested stock options which are eligible to vest upon the achievement of certain return on capital or rate of return conditions three years after the initial public offering of the Issuer or earlier, upon certain sales by significant stockholders. Does not include an additional 385,441 stock options with an exercise price of $10.59 which are eligible to vest upon the achievement of certain EBITDA-based vesting conditions for fiscal year 2021. These options to purchase common stock vest in four equal annual installments beginning on the first anniversary of the grant date. /s/ Richard Whitlow, as Attorney-in-Fact 2021-02-16