X0306 4 2020-10-01 0 0001253176 VAPOTHERM INC VAPO 0001752635 Arnerich Anthony L. C/O VAPOTHERM INVESTORS, LLC 2540 NE MARTIN LUTHER KING JR. BLVD. PORTLAND OR 97212 1 0 1 0 Common Stock 2020-10-01 4 X 0 42857 14.00 A 2686673 I By 3x5 Partners, LLC Common Stock 2020-10-01 4 S 0 20689 29.00 D 2665984 I By 3x5 Partners, LLC Common Stock 1492 I By Anthony L. Arnerich Trust Common Stock 8812 D Warrant to Purchase Common Stock 14.00 2020-10-01 4 X 0 42857 0.00 D 2012-09-07 2022-09-07 Common Stock 42857 0 I By 3x5 Partners, LLC Warrants to purchase Series A Convertible Preferred Stock converted automatically into Warrants to purchase Common Stock upon the consummation of the Issuer's initial public offering. 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. On October 1, 2020, Vapotherm Investors, LLC exercised the warrant on a cashless basis, resulting in the Issuer's withholding of 20,689 of the warrant shares to pay the exercise price and issuing to Vapotherm Investors, LLC the remaining 22,168 shares. Consists of (i) 30,000 shares directly held by 3x5 Partners, LLC, (ii) 2,625 shares held by Arnerich 3x5 Special Opportunity Managers, L.P., of which 3x5 Partners, LLC is the general manager, (iii) 1,793,393 shares directly held by Vapotherm Investors, LLC and (iv) 839,966 shares directly held by 3x5 Special Opportunity Fund, L.P. /s/ Anthony Ten Haagen, as Attorney-In-Fact 2020-10-02