Brian Lee Lawrence - 02 Jan 2023 Form 4 Insider Report for VAPOTHERM INC

Role: SVP & Chief Technology Officer
Signature: /s/Adrain Bryant, as Attorney In Fact
Issuer symbol: N/A
Transactions as of: 02 Jan 2023
Net transactions value: +$15,711
Form type: 4
Filing time: 04 Jan 2023, 16:56:18 UTC
Previous filing: 05 Dec 2022
Next filing: 04 Oct 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	VAPO	Common Stock	Award	$15,711	+5,819	+2.5%	$2.70	241,519	02 Jan 2023	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	Stock Option (right to buy)	Award	$0	+54,675		$0.000000	54,675	02 Jan 2023	Common Stock	54,675	$2.70	Direct	F3

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

Explanation of Responses:

Id	Content
F1	Restricted stock unit award granted under the Vapotherm, Inc. Amended and Restated 2018 Equity Incentive Plan (the "2018 Equity Plan") in lieu of an annual increase in the reporting person's 2023 base salary. The restricted stock unit award will vest in full on December 31, 2023, subject to the reporting person's continued service as an employee or other service provider to the Issuer through the vesting date.
F2	Includes 109,619 shares that will be issued over time upon vesting and settlement of restricted stock unit awards.
F3	This option was granted under the 2018 Equity Plan and will vest as to 25% of the underlying shares on January 2, 2024, and thereafter, as to the remaining 75% of underlying shares, in 36 monthly installments, subject to the reporting person's continued service as an employee or other service provider to the Issuer through the vesting dates.