X0306 4 2021-12-12 0 0001817944 Clarus Therapeutics Holdings, Inc. CRXT 0001598384 Hernandez Joseph C/O CLARUS THERAPEUTICS HOLDINGS, INC. 555 SKOKIE BLVD, SUITE 340 NORTHBROOK IL 60062 1 0 0 0 Common Stock 2021-12-12 4 A 0 3844 0.00 A 3844 D Common Stock 1302500 I See Footnote Stock Option (Right to Buy) 4.78 2021-12-12 4 A 0 9610 0.00 A 2031-12-11 Common Stock 9610 9610 D The Reporting Person was granted a Restricted Stock Unit under the Issuer's 2021 Stock Option and Incentive Plan (the "2021 Plan") for 3,844 shares on 12/12/2021, which vests in equal annual installments over three years from the date of grant subject to the Reporting Person having a service relationship as of each such vesting date. Mr. Joseph Hernandez, a director and former chief executive officer of the Issuer, is the managing member of the Blue Water Sponsor LLC (the "Sponsor"). Accordingly, Mr. Hernandez may be deemed to have beneficial ownership of such shares. Mr. Hernandez disclaims any beneficial ownership of the reported shares other than to the extent of any pecuniary interest he may have therein, directly or indirectly. These options were granted under the 2021 Plan and vest in equal annual installments over a period of three years from the date of grant subject to the Reporting Person having a service relationship as of each such vesting. /s/ Steven A. Bourne, attorney-in-fact 2021-12-14