X0206 3 2020-02-05 0 0001793294 PPD, Inc. PPD 0001801626 Scully Christopher G. C/O PPD, INC. 929 NORTH FRONT STREET WILMINGTON NC 28401 0 1 0 0 See Remarks Stock Options (Right to Buy) 15.51 2028-06-21 Non-voting common stock 383732 D Stock Options (Right to Buy) 11.05 2028-06-21 Non-voting common stock 128986 D Of these stock options, 257,970 stock options are unvested and will vest in equal annual installments on May 15, 2020, May 15, 2021, May 15, 2022 and May 15, 2023. Represents 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 261,196 stock options with an exercise price of $11.05 which are eligible to vest upon the achievement of certain EBITDA-based vesting conditions for fiscal years 2019-2022. Upon the completion of the initial public offering of PPD, Inc. (the "Issuer"), all shares of the Issuer's non-voting common stock will be automatically converted into shares of the Issuer's voting common stock on a one-for-one basis. Title: Executive Vice President and Chief Financial Officer, Treasurer and Assistant Secretary Exhibit List: Exhibit 24 - Power of Attorney /s/ B. Judd Hartman, as Attorney-in-Fact 2020-02-05