Gregoire Ramade - 28 Jul 2021 Form 4 Insider Report for VAPOTHERM INC

Role: SVP & Chief Commercial Officer
Signature: /s/ Adrain Bryant, as Attorney In Fact
Issuer symbol: N/A
Transactions as of: 28 Jul 2021
Net transactions value: -$169,760
Form type: 4
Filing time: 29 Jul 2021, 16:26:39 UTC
Next filing: 23 Aug 2021
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	VAPO	Common Stock	Options Exercise	$30,240	+8,000	+39%	$3.78	28,614	28 Jul 2021	Direct	F2
transaction	VAPO	Common Stock	Sale	$200,000	-8,000	-28%	$25.00	20,614	28 Jul 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	-8,000	-17%	$0.000000	38,458	28 Jul 2021	Common Stock	8,000	$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.