Timothy P. Herbert - 27 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
27 Jan 2022
Net transactions value
+$78,646
Form type
4
Filing time
31 Jan 2022, 15:23:11 UTC
Previous filing
26 Jan 2022
Next filing
15 Feb 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 Options Exercise $78,646 +37,993 +37% $2.07* 140,900 27 Jan 2022 Direct
holding INSP Common Stock 5,224 27 Jan 2022 By family trust F1
holding INSP Common Stock 122,875 27 Jan 2022 By family trust F2
holding INSP Common Stock 113,138 27 Jan 2022 By GRAT F3
holding INSP Common Stock 350 27 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 -37,993 -25% $0.000000 113,698 27 Jan 2022 Common Stock 37,993 $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.