Sec Form 13G Filing - Prescott General Partners LLC filing for VAPOTHERM INC (VAPO) - 2022-12-01

Insider filing report for Changes in Beneficial Ownership

  • Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
  • Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

SCHEDULE 13G

 

Under the Securities Exchange Act of 1934

(Amendment No.  4)*

 

Vapotherm, Inc.

(Name of Issuer)

 

Common Stock, par value $0.001

(Title of Class of Securities)

 

922107107

(CUSIP Number)

 

November 21, 2022

(Date of Event which Requires filing of this Statement)

 

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

 

¨Rule 13d-1(b)
xRule 13d-1(c)
¨Rule 13d-1(d)

 

* The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

 

The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 

 

 

 

 

 

CUSIP No.  922107107

 

1

NAMES OF REPORTING PERSONS

I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only)

 

Prescott General Partners LLC

   
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP 

(a) ¨

(b) x

   
3

SEC USE ONLY

 

 

4

CITIZEN OR PLACE OF ORGANIZATION

 

Delaware

 

NUMBER OF
SHARES
BENEFICIALLY
OWNED BY EACH
REPORTING
PERSON
WITH
5

SOLE VOTING POWER

 

0

 

6

SHARED VOTING POWER

 

0

 

7

SOLE DISPOSITIVE POWER

 

0

 

8

SHARED DISPOSITIVE POWER

 

0

 

9

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

0

 

10

CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

 

Not Applicable

 

11

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

0.0%

 

12

TYPE OF REPORTING PERSON

 

OO

 

 

 - 2 - 

 

 

CUSIP No.  922107107

 

1

NAMES OF REPORTING PERSONS

I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only)

 

Prescott Associates L.P.

   
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP 

(a) ¨

(b) x

   
3

SEC USE ONLY

 

 

4

CITIZEN OR PLACE OF ORGANIZATION

 

New York

 

NUMBER OF
SHARES
BENEFICIALLY
OWNED BY EACH
REPORTING
PERSON
WITH
5

SOLE VOTING POWER

 

0

 

6

SHARED VOTING POWER

 

0

 

7

SOLE DISPOSITIVE POWER

 

0

 

8

SHARED DISPOSITIVE POWER

 

0

 

9

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

0

 

10

CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

 

Not Applicable

 

11

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

0.0%

 

12

TYPE OF REPORTING PERSON

 

PN

 

 

 - 3 - 

 

 

CUSIP No.  922107107

 

1

NAMES OF REPORTING PERSONS

I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only)

 

Prescott Investors Profit Sharing Trust

   
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP 

(a) ¨

(b) x

   
3

SEC USE ONLY

 

 

4

CITIZEN OR PLACE OF ORGANIZATION

 

Delaware

 

NUMBER OF< br> SHARES
BENEFICIALLY
OWNED BY EACH
REPORTING
PERSON
WITH
5

SOLE VOTING POWER

 

0

 

6

SHARED VOTING POWER

 

0

 

7

SOLE DISPOSITIVE POWER

 

0

 

8

SHARED DISPOSITIVE POWER

 

0

 

9

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

0

 

10

CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

 

Not Applicable

 

11

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

0.0%

 

12

TYPE OF REPORTING PERSON

 

EP

 

 

 - 4 - 

 

 

CUSIP No.  922107107

 

1

NAMES OF REPORTING PERSONS

I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only)

 

Thomas W. Smith

   
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP 

(a) ¨

(b) x

   
3

SEC USE ONLY

 

 

4

CITIZEN OR PLACE OF ORGANIZATION

 

United States

 

NUMBER OF
SHARES
BENEFICIALLY
OWNED BY EACH
REPORTING
PERSON
WITH
5

SOLE VOTING POWER

 

650,000

 

6

SHARED VOTING POWER

 

139,950

 

7

SOLE DISPOSITIVE POWER

 

650,000

 

8

SHARED DISPOSITIVE POWER

 

139,950

 

9

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

789,950

 

10

CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

 

Not Applicable

 

11

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

3.0%

 

12

TYPE OF REPORTING PERSON

 

IN

 

 

 - 5 - 

 

 

Explanatory Note:

 

The following constitutes Amendment No. 4 to the joint filing on Schedule 13G by Prescott General Partners LLC (“PGP”) and Prescott Investors Profit Sharing Trust (“PIPS”) originally filed with the Securities and Exchange Commission (the “SEC”) on June 29, 2020, as amended by Amendment No. 1 filed with the SEC on August 7, 2020 by PGP, PIPS and Thomas W. Smith, Amendment No. 2 filed with the SEC on February 16, 2021 by PGP, Prescott Associates L.P. (“Prescott Associates”), PIPS and Thomas W. Smith, and Amendment No. 3 filed with the SEC on February 14, 2022 by PGP, Prescott Associates, PIPS and Thomas W. Smith (as amended, the “Schedule 13G”). This Amendment No. 4 is the final amendment to the Schedule 13G and is an exit filing. Unless otherwise indicated, all capitalized terms used herein shall have the meanings given to them in the Schedule 13G.

 

ITEM 1.(a) Name of Issuer:

 

Vapotherm, Inc.

 

(b)Address of Issuer's Principal Executive Offices:

 

100 Domain Drive

Exeter, NH 03833

 

ITEM 2.(a) Name of Person Filing:

 

(i) PGP

 

(ii) Prescott Associates

 

(iii) PIPS

 

(iv) Thomas W. Smith.

 

The joint filing of this statement shall not be deemed to be an admission that the reporting persons (the “Reporting Persons”) comprise a “group” within the meaning of Section 13(d)(3) of the Securities Exchange Act of 1934, as amended. The Reporting Persons each disclaim beneficial ownership of the shares reported in this statement in excess of those shares as to which they have or share voting or investment authority.

 

(b)Address of Principal Business Office:

 

The following is the address of the principal business office of each of the Reporting Persons:

 

2200 Butts Road, Suite 320

Boca Raton, FL 33431

 

 - 6 - 

 

 

(c)Citizenship:

 

PGP is a Delaware limited liability company. Prescott Associates is a New York limited partnership. PIPS is an employee profit-sharing plan organized under the laws of the State of Delaware. Thomas W. Smith is a United States citizen.

 

(d)Title of Class of Securities:

 

Common Stock, par value $0.001 (the “Shares”).

 

(e)CUSIP Number:

 

922107107

 

ITEM 3.If this Statement is filed pursuant to Rules 13d-1(b) or 13d-2(b) or (c), check whether the person filing is a:

 

Not applicable.

 

If this Statement is filed pursuant to Rule 13d-1(c), check this box x

 

ITEM 4.Ownership

 

(a)PGP – 0 Shares; Prescott Associates – 0 Shares; PIPS – 0 Shares; Thomas W. Smith – 789,950 Shares.

 

(b)PGP – 0.0%; Prescott Associates – 0.0%; PIPS – 0.0%; Thomas W. Smith – 3.0%.

 

(c)PGP, as the general partner of three private investment limited partnerships (including Prescott Associates) (collectively, the “Partnerships”), may be deemed to share the power to vote or to direct the vote and to dispose or to direct the disposition of 0 Shares held by the Partnerships.

 

Prescott Associates has the shared power to vote or to direct the vote and to dispose or direct the disposition of 0 Shares.

 

PIPS has the sole power to vote or to direct the vote of and to dispose or to direct the disposition of 0 Shares.

 

Mr. Smith has the sole power to vote or to direct the vote of and to dispose or to direct the disposition of 650,000 shares held by Ridgeview Smith Investments LLC, a limited liability company established by Mr. Smith, the sole member of which is a revocable trust established by Mr. Smith for the benefit of his family.

 

In his capacity as investment manager for certain managed accounts, Mr. Smith may be deemed to have the shared power to vote or to direct the vote of and to dispose or to direct the disposition of 139,950 shares. Voting and investment authority over investment accounts established for the benefit of certain family members and friends of Mr. Smith is subject to each beneficiary’s right, if so provided, to terminate or otherwise direct the disposition of the investment account.

 

 - 7 - 

 

 

ITEM 5.Ownership of Five Percent or Less of a Class

 

If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following: x

 

ITEM 6.Ownership of More than Five Percent on Behalf of Another Person

 

Not applicable.

 

ITEM 7.Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company

 

Not applicable.

 

ITEM 8.Identification and Classification of Members of the Group

 

Not applicable.

 

ITEM 9.Notice of Dissolution of Group

 

Not applicable.

 

ITEM 10.Certification

 

By signing below, I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.

 

 - 8 - 

 

 

Signature

 

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

 

Date:December 1, 2022

 

  PRESCOTT General partners LLC
   
  /s/ Scott J. Vassalluzzo
  Name: Scott J. Vassalluzzo
  Title: Managing Member
   
   
  PRESCOTT ASSOCIATES L.P.
   
  By: Prescott General Partners LLC
  Its: General Partner
   
  /s/ Scott J. Vassalluzzo
  Name: Scott J. Vassalluzzo
  Title: Managing Member
   
   
  PRESCOTT INVESTORS PROFIT SHARING TRUST
   
  /s/ Scott J. Vassalluzzo
  Name: Scott J. Vassalluzzo
  Title: Trustee
   
   
  /s/ Thomas W. Smith 
  Thomas W. Smith

 

 - 9 - 

 

 

JOINT FILING AGREEMENT

 

The undersigned agree that the foregoing statement on Schedule 13G, dated December 1, 2022, is being filed with the Securities and Exchange Commission on behalf of each of the undersigned pursuant to Rule 13d-1(k).

 

Date:December 1, 2022

 

  PRESCOTT General partners LLC
   
  /s/ Scott J. Vassalluzzo
  Name: Scott J. Vassalluzzo
  Title: Managing Member
   
   
  PRESCOTT ASSOCIATES L.P.
   
  By: Prescott General Partners LLC
  Its: General Partner
   
  /s/ Scott J. Vassalluzzo
  Name: Scott J. Vassalluzzo
  Title: Managing Member
   
   
  PRESCOTT INVESTORS PROFIT SHARING TRUST
   
  /s/ Scott J. Vassalluzzo
  Name: Scott J. Vassalluzzo
  Title: Trustee
   
   
  /s/ Thomas W. Smith 
  Thomas W. Smith

 

 - 10 -