Alok Gupta - Oct 31, 2022 Form 4 Insider Report for Hyperfine, Inc. (HYPR)

Role: Chief Financial Officer
Signature: /s/ Neela Paykel, Attorney-in-Fact
Stock symbol: HYPR
Transactions as of: Oct 31, 2022
Transactions value $: $0
Form type: 4
Date filed: 11/1/2022, 05:56 PM
Previous filing: Aug 16, 2022
Next filing: Nov 16, 2022

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Shares	Change %	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	HYPR	Stock Option (right to buy)	Disposed to Issuer	-200K	-100%	0	Oct 31, 2022	Class A Common Stock	200K	$3.90	Direct	F1
transaction	HYPR	Stock Option (right to buy)	Award	+200K		200K	Oct 31, 2022	Class A Common Stock	200K	$0.91	Direct	F1
transaction	HYPR	Stock Option (right to buy)	Disposed to Issuer	-54.3K	-100%	0	Oct 31, 2022	Class A Common Stock	54.3K	$3.90	Direct	F2
transaction	HYPR	Stock Option (right to buy)	Award	+54.3K		54.3K	Oct 31, 2022	Class A Common Stock	54.3K	$0.91	Direct	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The reported transactions involved an amendment of an outstanding stock option grant, resulting in the deemed cancellation of the old option and the grant of a replacement option. The option was originally granted on February 9, 2022, of which 58,333 shares vested and the remainder of the options vesting in equal monthly installments, subject to Mr. Gupta's continued service on each vesting date.
F2	The reported transactions involved an amendment of an outstanding stock option grant, resulting in the deemed cancellation of the old option and the grant of a replacement option. The shares underlying this option vest as to 25% on February 9, 2023, and 2.083% at the end of each month thereafter beginning on March 31, 2023, subject to Mr. Gupta's continued service through the applicable vesting date.

Content

The reported transactions involved an amendment of an outstanding stock option grant, resulting in the deemed cancellation of the old option and the grant of a replacement option. The option was originally granted on February 9, 2022, of which 58,333 shares vested and the remainder of the options vesting in equal monthly installments, subject to Mr. Gupta's continued service on each vesting date.

The reported transactions involved an amendment of an outstanding stock option grant, resulting in the deemed cancellation of the old option and the grant of a replacement option. The shares underlying this option vest as to 25% on February 9, 2023, and 2.083% at the end of each month thereafter beginning on March 31, 2023, subject to Mr. Gupta's continued service through the applicable vesting date.