Formally Report Bug to HR?

There is a bug in a system we are supposed to deliver to customer next month and my team member do not think we should report it to the Senior VP, but I think we should.

B: Have a civil work environment with my team members and a stable job in the company.
D: Not formally report the bug to the Senior VP.
A:
B-D:Assumption(s)Injection(s)
1. I want to get along with and work with these team members in the future and do not want to go behind their backs with formally reporting the bugs.
2. I do not want to face negative consequences for reporting the bugs such as being denied promotions or facing a layoff.
1. I may not work with these team members again after the system is finished for the customer.
2. We, my team and I, may not face consequences for reporting the bugs in advance the customer discovering it.
C: Uphold our company's reputation by not negatively affecting our customer's business.
D': Formally report the bug to the Senior VP.

In order to I must Have a civil work environment with my team members and a stable job in the company. and in order to Have a civil work environment with my team members and a stable job in the company. I must Not formally report the bug to the Senior VP.. But, in order to I must also Uphold our company's reputation by not negatively affecting our customer's business. and in order to Uphold our company's reputation by not negatively affecting our customer's business. I must Formally report the bug to the Senior VP.. I can't both Not formally report the bug to the Senior VP. and Formally report the bug to the Senior VP..

RelationAssumption(s)Injection(s)
D-D'1. I am assuming every other individual on the team does not want to report the bug apart from me.
2. The outcomes of either decision may result in some of the same outcomes, but different people are affected in making either decision.
B-D1. I want to get along with and work with these team members in the future and do not want to go behind their backs with formally reporting the bugs.
2. I do not want to face negative consequences for reporting the bugs such as being denied promotions or facing a layoff.
1. I may not work with these team members again after the system is finished for the customer.
2. We, my team and I, may not face consequences for reporting the bugs in advance the customer discovering it.
C-D'1. I do not want the bugs to negatively affect our customer's business and I care about my work.
2. I do not want a system I worked on to affect our customer's business that may look bad for our company and end up damaging our reputation.
1. The bug may not negatively affect our customer's business.
2. The bug does not affect the company's reputation.