Timothy P. Herbert - Jan 27, 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
Stock symbol
INSP
Transactions as of
Jan 27, 2022
Transactions value $
$78,646
Form type
4
Date filed
1/31/2022, 03:23 PM
Previous filing
Jan 26, 2022
Next filing
Feb 15, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction INSP Common Stock Options Exercise $78.6K +38K +36.92% $2.07* 141K Jan 27, 2022 Direct
holding INSP Common Stock 5.22K Jan 27, 2022 By family trust F1
holding INSP Common Stock 123K Jan 27, 2022 By family trust F2
holding INSP Common Stock 113K Jan 27, 2022 By GRAT F3
holding INSP Common Stock 350 Jan 27, 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 -38K -25.05% $0.00 114K Jan 27, 2022 Common Stock 38K $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.