Lance A. Berry - 20 Sep 2024 Form 4 Insider Report for VAPOTHERM INC

Role
Director
Signature
/s/ James A. Lightman, as Attorney In Fact
Issuer symbol
N/A
Transactions as of
20 Sep 2024
Net transactions value
-$55,557
Form type
4
Filing time
24 Sep 2024, 14:04:13 UTC
Previous filing
22 May 2024
Next filing
26 Feb 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VAPO Common Stock Disposed to Issuer $49,017 -22,485 -100% $2.18 0 20 Sep 2024 Direct F1
transaction VAPO Common Stock Disposed to Issuer $6,540 -3,000 -100% $2.18 0 20 Sep 2024 Direct 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) Disposed to Issuer $0 -1,781 -100% $0.000000 0 20 Sep 2024 Common Stock 1,781 $84.80 Direct F3
transaction VAPO Stock Option (right to buy) Disposed to Issuer $0 -1,089 -100% $0.000000 0 20 Sep 2024 Common Stock 1,089 $18.48 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Disposed of pursuant to an Agreement and Plan of Merger, dated as of June 17, 2024, among Veronica Holdings, LLC, Veronica Intermediate Holdings, LLC, Veronica Merger Sub, Inc. and Vapotherm, Inc. (Company), in exchange for a cash payment of $2.18 per share.
F2 The restricted stock unit awards, which these shares were subject to, were canceled in the merger in exchange for a cash payment of $2.18 per underlying share.
F3 This option, which provided for vesting in thirds over three years on January 29, 2021, January 29, 2022 and January 29, 2023, was canceled in the merger in exchange for a cash payment equal to: (a) the number of shares of Company common stock underlying the option, multiplied by (b) the excess, if any, of $2.18 over the per share exercise price of such option, which cash payment was $0.00 since this option had an exercise price that exceeded $2.18.
F4 This option, which provided for vesting in full on the earlier of the first anniversary of the date of grant or the date of the Company's 2023 annual meeting of stockholders, was canceled in the merger in exchange for a cash payment equal to: (a) the number of shares of Company common stock underlying the option, multiplied by (b) the excess, if any, of $2.18 over the per share exercise price of such option, which cash payment was $0.00 since this option had an exercise price that exceeded $2.18.