Gregoire Ramade - Jul 28, 2021 Form 4 Insider Report for VAPOTHERM INC (VAPO)

Role: SVP & Chief Commercial Officer
Signature: /s/ Adrain Bryant, as Attorney In Fact
Stock symbol: VAPO
Transactions as of: Jul 28, 2021
Transactions value $: -$169,760
Form type: 4
Date filed: 7/29/2021, 04:26 PM
Next filing: Aug 23, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	VAPO	Common Stock	Options Exercise	$30.2K	+8K	+38.81%	$3.78	28.6K	Jul 28, 2021	Direct	F2
transaction	VAPO	Common Stock	Sale	-$200K	-8K	-27.96%	$25.00	20.6K	Jul 28, 2021	Direct	F1, F2

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	VAPO	Option to Purchase Common Stock	Options Exercise	$0	-8K	-17.22%	$0.00	38.5K	Jul 28, 2021	Common Stock	8K	$3.78	Direct	F3

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

Explanation of Responses:

Id	Content
F1	These shares were sold pursuant to a sales plan adopted by the Reporting Person and intended to comply with Rule 10b5-1 under the Securities Exchange Act of 1934, as amended.
F2	Includes 9,900 shares that will be issued over time upon vesting pursuant to restricted stock units granted under the Vapotherm, Inc. 2018 Equity Incentive Plan.
F3	This option is fully vested.