Timothy P. Herbert - 24 Jan 2022 Form 4 Insider Report for Inspire Medical Systems, Inc. (INSP)

Role: CEO and President, Director
Signature: /s/ Richard Buchholz, as Attorney-in-Fact for Timothy P. Herbert
Issuer symbol: INSP
Transactions as of: 24 Jan 2022
Net transactions value: +$63,088
Form type: 4
Filing time: 26 Jan 2022, 19:52:09 UTC
Previous filing: 13 Mar 2023
Next filing: 31 Jan 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	INSP	Common Stock	Gift	$0	-3,500	-40%	$0.000000	5,224	02 Sep 2021	By family trust	F1
transaction	INSP	Common Stock	Options Exercise	$11,338	+12,062	+18%	$0.9400^*	77,907	24 Jan 2022	Direct
transaction	INSP	Common Stock	Options Exercise	$51,750	+25,000	+32%	$2.07^*	102,907	24 Jan 2022	Direct
holding	INSP	Common Stock						122,875	24 Jan 2022	By family trust	F2
holding	INSP	Common Stock						113,138	24 Jan 2022	By GRAT	F3
holding	INSP	Common Stock						350	24 Jan 2022	By daughter

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	INSP	Stock Option (Right to Buy)	Options Exercise	$0	-12,062	-100%	$0.000000^*	0	24 Jan 2022	Common Stock	12,062	$0.9400	Direct	F4
transaction	INSP	Stock Option (Right to Buy)	Options Exercise	$0	-25,000	-14%	$0.000000	151,691	24 Jan 2022	Common Stock	25,000	$2.07	Direct	F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Shares held by the Timothy P. Herbert 2013 Family Irrevocable GST Trust U/A/D November 27, 2013.
F2	Shares held by the Margaret C. Herbert 2018 Family Irrevocable GST Trust.
F3	Securities held by the Timothy P. Herbert 2018 Grantor Retained Annuity Trust, under agreement dated December 12, 2018.
F4	The option is fully vested and exercisable.