Statement of Changes in Beneficial Ownership (4)
November 01 2022 - 5:57PM
Edgar (US Regulatory)
FORM 4
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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3235-0287
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
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Siddiqui Khan |
2. Issuer Name and Ticker or Trading Symbol
Hyperfine, Inc.
[
HYPR
]
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) CMO and Chief Strategy Officer |
(Last)
(First)
(Middle)
C/O HYPERFINE, INC., 351 NEW WHITFIELD STREET |
3. Date of Earliest Transaction
(MM/DD/YYYY)
10/31/2022 |
(Street)
GUILFORD, CT 06437
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security (Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code (Instr. 8)
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4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Trans. Date | 3A. Deemed Execution Date, if any | 4. Trans. Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) |
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
Stock Option (right to buy) | $3.76 | 10/31/2022 | | D (1) | | | 235145 | (1) | 1/27/2030 | Class A Common Stock | 235145 | (1) | 0 | D | |
Stock Option (right to buy) | $0.91 | 10/31/2022 | | A (1) | | 235145 | | (1) | 1/27/2030 | Class A Common Stock | 235145 | (1) | 235145 | D | |
Stock Option (right to buy) | $3.27 | 10/31/2022 | | D (2) | | | 54037 | (2) | 4/14/2031 | Class A Common Stock | 54037 | (2) | 0 | D | |
Stock Option (right to buy) | $0.91 | 10/31/2022 | | A (2) | | 54037 | | (2) | 4/14/2031 | Class A Common Stock | 54037 | (2) | 54037 | D | |
Stock Option (right to buy) | $5.24 | 10/31/2022 | | D (3) | | | 1796 | (3) | 5/12/2031 | Class A Common Stock | 1796 | (3) | 0 | D | |
Stock Option (right to buy) | $0.91 | 10/31/2022 | | A (3) | | 1796 | | (3) | 5/12/2031 | Class A Common Stock | 1796 | (3) | 1796 | D | |
Stock Option (right to buy) | $3.90 | 10/31/2022 | | D (4) | | | 110000 | (4) | 2/9/2032 | Class A Common Stock | 110000 | (4) | 0 | D | |
Stock Option (right to buy) | $0.91 | 10/31/2022 | | A (4) | | 110000 | | (4) | 2/9/2032 | Class A Common Stock | 110000 | (4) | 110000 | D | |
Stock Option (right to buy) | $3.90 | 10/31/2022 | | D (5) | | | 74000 | (5) | 2/9/2032 | Class A Common Stock | 74000 | (5) | 0 | D | |
Stock Option (right to buy) | $0.91 | 10/31/2022 | | A (5) | | 74000 | | (5) | 2/9/2032 | Class A Common Stock | 74000 | (5) | 74000 | D | |
Explanation of Responses: |
(1) | The reported transactions involved an amendment of an outstanding stock option grant, resulting in the deemed cancellation of the old option and the grant of a replacement option. The option was originally granted on December 22, 2021, of which 161,657 shares vested and the remainder of the options vesting in equal monthly installments, subject to Mr. Siddiqui's continued service on each vesting date. |
(2) | The reported transactions involved an amendment of an outstanding stock option grant, resulting in the deemed cancellation of the old option and the grant of a replacement option. The option was originally granted on December 22, 2021, of which 23,646 shares vested and the remainder of the options vesting in equal monthly installments, subject to Mr. Siddiqui's continued service on each vesting date. |
(3) | The reported transactions involved an amendment of an outstanding stock option grant, resulting in the deemed cancellation of the old option and the grant of a replacement option. The option was originally granted on December 22, 2021, of whlich 636 shares vested and the remainder of the options vesting in equal monthly installments, subject to Mr. Siddiqui's continued service on each vesting date. |
(4) | The reported transactions involved an amendment of an outstanding stock option grant, resulting in the deemed cancellation of the old option and the grant of a replacement option. The option was originally granted on February 9, 2022, of which 45,833 shares vested and the remainder of the options vesting in equal monthly installments, subject to Mr. Siddiqui's continued service on each vesting date. |
(5) | The reported transactions involved an amendment of an outstanding stock option grant, resulting in the deemed cancellation of the old option and the grant of a replacement option. The shares underlying this option vest as to 25% on February 9, 2023, and 2.083% at the end of each month thereafter beginning on March 31, 2023, subject to Dr. Siddiqui's continued service through the applicable vesting date. |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
Siddiqui Khan C/O HYPERFINE, INC. 351 NEW WHITFIELD STREET GUILFORD, CT 06437 |
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| CMO and Chief Strategy Officer |
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Signatures
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/s/ Neela Paykel, Attorney-in-Fact | | 11/1/2022 |
**Signature of Reporting Person | Date |
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. |
* | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
Note: | File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. |
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. |
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