Huennekens R Scott 4
4 · Hyperfine, Inc. · Filed Jun 12, 2023
Insider Transaction Report
Form 4
Hyperfine, Inc.HYPR
Huennekens R Scott
Director
Transactions
- Award
Stock Options (right to buy)
2023-06-09+112,000→ 112,000 totalExercise: $1.97Exp: 2033-06-09→ Class A Common Stock (112,000 underlying) - Disposition to Issuer
Stock Options (right to buy)
2023-06-09−237,437→ 0 totalExercise: $0.91Exp: 2031-04-27→ Class A Common Stock (237,437 underlying) - Award
Stock Option (right to buy)
2023-06-09+237,437→ 237,437 totalExercise: $1.97Exp: 2033-06-09→ Class A Common Stock (237,437 underlying)
Footnotes (4)
- [F1]The shares underlying this option vest on the date of the Issuer's next regular annual stockholders meeting, subject to Mr. Huennekens' continued service through the applicable vesting date.
- [F2]The shares underlying this option vest and will become exercisable upon the first to occur of the following: (1) the completion of a SPAC transaction within two years of Mr. Huennekens' start date and the Issuer's common stock achieving a closing price per share of $30.00 or more for at least 20 out of 30 consecutive trading days within four years of the closing of the SPAC transaction; (2) the completion of an IPO within two years of Mr. Huennekens' start date and the Issuer's common stock achieving a closing price per share that equals or exceeds 3.0 times $3.92 (as adjusted) within four years of the closing of the IPO; or (3) the closing of a private financing round within four years of Mr. Huennekens' start date in which $50 million or more is raised and Hyperfine's stock price per share equals or exceeds 3.0 times $3.92 (as adjusted).
- [F3]On June 9, 2023, Mr. Huennekens was granted a new stock option to purchase 237,437 shares of the Issuer's Class A common stock reported below that was contingent upon the cancellation of this stock option.
- [F4]The shares underlying this option vest 100% on June 9, 2028, subject to Mr. Huennekens' continued service through the vesting date.