R. Scott Huennekens - 09 Jun 2023 Form 4 Insider Report for Hyperfine, Inc. (HYPR)

Role
Director
Signature
/s/ Brett Hale, Attorney-in-Fact
Issuer symbol
HYPR
Transactions as of
09 Jun 2023
Net transactions value
$0
Form type
4
Filing time
12 Jun 2023, 16:30:25 UTC
Previous filing
25 May 2023
Next filing
15 Jun 2023
SEC
View on sec.gov

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

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction HYPR Stock Options (right to buy) Award $0 +112,000 $0.000000 112,000 09 Jun 2023 Class A Common Stock 112,000 $1.97 Direct F1
transaction HYPR Stock Options (right to buy) Disposed to Issuer $0 -237,437 -100% $0.000000* 0 09 Jun 2023 Class A Common Stock 237,437 $0.9100 Direct F2, F3
transaction HYPR Stock Option (right to buy) Award $0 +237,437 $0.000000 237,437 09 Jun 2023 Class A Common Stock 237,437 $1.97 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The shares underlying this option vest on the date of the Issuer's next regular annual stockholders meeting, subject to Mr. Huennekens' continued service through the applicable vesting date.
F2 The shares underlying this option vest and will become exercisable upon the first to occur of the following: (1) the completion of a SPAC transaction within two years of Mr. Huennekens' start date and the Issuer's common stock achieving a closing price per share of $30.00 or more for at least 20 out of 30 consecutive trading days within four years of the closing of the SPAC transaction; (2) the completion of an IPO within two years of Mr. Huennekens' start date and the Issuer's common stock achieving a closing price per share that equals or exceeds 3.0 times $3.92 (as adjusted) within four years of the closing of the IPO; or (3) the closing of a private financing round within four years of Mr. Huennekens' start date in which $50 million or more is raised and Hyperfine's stock price per share equals or exceeds 3.0 times $3.92 (as adjusted).
F3 On June 9, 2023, Mr. Huennekens was granted a new stock option to purchase 237,437 shares of the Issuer's Class A common stock reported below that was contingent upon the cancellation of this stock option.
F4 The shares underlying this option vest 100% on June 9, 2028, subject to Mr. Huennekens' continued service through the vesting date.