X0306 4 2018-11-16 1 0001253176 VAPOTHERM INC VAPO 0001420106 Gilde Healthcare Holding B.V. NEWTONLAAN 91 3584 BP UTRECHT THE NETHERLANDS 0 0 1 0 Common Stock 2018-11-16 4 C 0 1028079 A 1028079 I See Footnote Common Stock 2018-11-16 4 C 0 68447 A 1096526 I See Footnote Common Stock 2018-11-16 4 P 0 92500 14.00 A 1189026 I See Footnote Series B Convertible Preferred Stock 2018-11-16 4 C 0 482142 0.00 D Common Stock 482142 0 I See Footnote Series C Convertible Preferred Stock 2018-11-16 4 C 0 401527 0.00 D Common Stock 401527 0 I See Footnote Series D Convertible Preferred Stock 2018-11-16 4 C 0 144410 0.00 D Common Stock 144410 0 I See Footnote Series D-1 Convertible Preferred Stock 2018-11-16 4 C 0 68447 0.00 D Common Stock 68447 0 I See Footnote Upon closing of the Issuer's initial public offering, each share of Series B Convertible Preferred Stock, Series C Convertible Preferred Stock and Series D Convertible Preferred Stock automatically converted into one share of Common Stock without payment or further consideration. There was no expiration date for the Series B Convertible Preferred Stock, the Series C Convertible Preferred Stock or the Series D Convertible Preferred Stock. Upon closing of the Issuer's initial public offering, each share of Series D-1 Convertible Preferred Stock automatically converted into 1.137 shares of Common Stock without payment or further consideration. There was no expiration date for the Series D-1 Convertible Preferred Stock. The shares are held directly by Cooperatieve Gilde Healthcare III Sub-Holding U.A. ("Gilde"). Geoff Pardo ("Pardo"), who is a member of the Issuer's board of directors, is a partner of Gilde. Gilde is managed by Gilde Healthcare III Management B.V. ("Management"). Management is owned by Gilde Healthcare Holding B.V. ("Holding"). Each of Pardo, Management and Holding may be deemed to have voting, investment and dispositive power with respect to these securities. Each of Pardo, Management and Holding disclaims beneficial ownership of these securities and this report shall not be deemed an admission that any of them is the beneficial owner of such securities for purposes of Section 16 or for any other purpose, except to the extent of their respective pecuniary interests therein /s/ Marc Perret, on behalf of Gilde, Healthcare Holding B.V. 2018-11-20