Anthony L. Arnerich - Jan 2, 2023 Form 4 Insider Report for VAPOTHERM INC (VAPO)

Role
Director
Signature
/s/Adrain Bryant, as Attorney In Fact
Stock symbol
VAPO
Transactions as of
Jan 2, 2023
Transactions value $
$28,350
Form type
4
Date filed
1/4/2023, 05:32 PM
Previous filing
Nov 29, 2022
Next filing
Jul 28, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VAPO Common Stock Award $28.4K +10.5K +46.51% $2.70 33.1K Jan 2, 2023 Direct F1, F2
holding VAPO Common Stock 223K Jan 2, 2023 By Anthony L. Arnerich Trust
holding VAPO Common Stock 48.9K Jan 2, 2023 By Christine A. Arnerich Trust
holding VAPO Common Stock 1.19M Jan 2, 2023 By 3x5 Partners, LLC F3, F4
* 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 in lieu of director cash retainers for 2023. The restricted stock unit award will vest in four nearly equal installments on each of March 31, 2023, June 30, 2023, September 30, 2023 and December 31, 2023.
F2 Includes 5,000 shares held by the Reporting Person's IRA and 10,500 shares that will be issued over time upon the vesting and settlement of restricted stock unit awards.
F3 Consists of (i) 7,885 shares held by Arnerich 3x5 Special Opportunity Managers, L.P., of which 3x5 Partners, LLC is the general manager, (ii) 790,754 shares directly held by Vapotherm Investors, LLC, and (iii) 394,982 shares directly held by 3x5 Special Opportunity Fund, L.P.
F4 The Reporting Person is a managing member of 3x5 Partners, LLC. 3x5 Partners, LLC is the managing member of Vapotherm Investors, LLC and a member of 3x5 Special Opportunity Partners, LLC, which is the general partner of 3x5 Special Opportunity Fund, L.P., and by virtue of these relationships 3x5 Partners, LLC may be deemed to indirectly beneficially own the shares directly held by Vapotherm Investors, LLC and 3x5 Special Opportunity Fund, L.P. As a managing member of 3x5 Partners, LLC the Reporting Person shares voting and dispositive power over such securities. The Reporting Person disclaims beneficial ownership, within the meaning of Section 16 of the Securities Exchange Act of 1934, as amended, or otherwise, of such securities except to the extent of his pecuniary interest therein.