X0306 4 2020-02-19 0 0001793294 PPD, Inc. PPD 0001801747 Thakral Anshul C/O PPD, INC. 929 NORTH FRONT STREET WILMINGTON NC 28401 0 1 0 0 EVP, Chief Commercial Officer Stock Options (Right to Buy) 10.59 2020-02-19 4 A 0 28409 0.00 A 2027-05-11 Common Stock 28409 161318 D Stock Options (Right to Buy) 14.99 2020-02-19 4 A 0 2443 0.00 A 2028-12-14 Common Stock 2443 28150 D Represents previously awarded stock options earned upon the achievement of certain EBITDA vesting conditions for fiscal 2019. Represents 28,409 vested stock options and 132,909 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 62,801 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 years 2020-2021. Represents 2,443 vested stock options and 25,707 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 10,410 stock options with an exercise price of $14.99 which are eligible to vest upon the achievement of certain EBITDA-based vesting conditions for fiscal years 2020-2023. /s/ B. Judd Hartman, as Attorney-in-Fact 2020-02-21