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EQUITY INCENTIVE PLAN (Tables)

3 Months Ended

Mar. 31, 2023

Share-Based Payment Arrangement [Abstract]

Summary of Stock Option Activity

The following table summarizes the changes in the Company’s outstanding stock options for the three months ended March 31, 2023:

		Number of Options
Outstanding at January 1, 2023			10,719,564
Granted(1)			3,077,411
Exercised			(54,211	)
Forfeited			(444,776	)
Outstanding at March 31, 2023			13,297,988

_________________________

(1) Includes inducement stock options to purchase 1,000,000 shares of common stock granted to the Company’s Chief Administrative Officer and Chief Financial Officer outside of the Hyperfine Plan and in accordance with Nasdaq Listing Rule 5635(c)(4).

Summary of Restricted Stock Unit Activity

The following table summarizes the changes in the Company’s outstanding RSUs for the three months ended March 31, 2023:

		Number of RSUs
Outstanding at January 1, 2023			1,585,359
Granted			26,500
Vested			(324,296	)
Forfeited			(135,967	)
Outstanding at March 31, 2023			1,151,596

Summary of Stock-Based Compensation Expenses by Function

The following table presents details of stock-based compensation expenses by functional line item noted within the Company's operating expenses:

		Three Months Ended March 31,
		2023				2022
Cost of sales		$	23			$	16
Research and development			206				781
Sales and marketing			38				96
General and administrative			859				3,218
		$	1,126			$	4,111

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Tabular disclosure of allocation of amount expensed and capitalized for award under share-based payment arrangement to statement of income or comprehensive income and statement of financial position. Includes, but is not limited to, corresponding line item in financial statement.

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Tabular disclosure of the number and weighted-average grant date fair value for restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock units that were granted, vested, or forfeited during the year.

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Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value.

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